Alexander & Baldwin (ALEX) Insider Stanley M. Kuriyama Sells 4,250 Shares
Alexander & Baldwin (NYSE:ALEX) insider Stanley M. Kuriyama sold 4,250 shares of the stock in a transaction on Tuesday, October 11th. The shares were sold at an average price of $37.77, for a total transaction of $160,522.50. Following the completion of the transaction, the insider now directly owns 233,736 shares in the company, valued at $8,828,208.72. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Alexander & Baldwin (NYSE:ALEX) opened at 37.55 on Wednesday. Alexander & Baldwin has a 52-week low of $28.82 and a 52-week high of $42.80. The company has a 50 day moving average of $38.99 and a 200-day moving average of $37.95. The stock’s market capitalization is $1.84 billion.
Alexander & Baldwin (NYSE:ALEX) last released its quarterly earnings data on Wednesday, July 27th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.19. Alexander & Baldwin had a positive return on equity of 3.17% and a negative net margin of 2.87%. The business had revenue of $102.70 million for the quarter, compared to analysts’ expectations of $159.09 million. During the same quarter in the prior year, the firm earned $0.20 earnings per share. Alexander & Baldwin’s quarterly revenue was down 33.2% compared to the same quarter last year. Equities research analysts anticipate that Alexander & Baldwin will post $0.97 EPS for the current year.
Large investors have recently added to or reduced their stakes in the company. LS Investment Advisors LLC increased its stake in Alexander & Baldwin by 73.3% in the second quarter. LS Investment Advisors LLC now owns 2,775 shares of the company’s stock valued at $100,000 after buying an additional 1,174 shares in the last quarter. IFP Advisors Inc increased its stake in Alexander & Baldwin by 53.9% in the first quarter. IFP Advisors Inc now owns 2,754 shares of the company’s stock valued at $101,000 after buying an additional 965 shares in the last quarter. Bank of Montreal Can acquired a new stake in Alexander & Baldwin during the second quarter valued at about $112,000. Tower Research Capital LLC TRC acquired a new stake in Alexander & Baldwin during the second quarter valued at about $124,000. Finally, Cantab Capital Partners LLP increased its stake in Alexander & Baldwin by 1,618.2% in the second quarter. Cantab Capital Partners LLP now owns 5,842 shares of the company’s stock valued at $211,000 after buying an additional 5,502 shares in the last quarter. Institutional investors own 77.00% of the company’s stock.
Separately, JMP Securities downgraded shares of Alexander & Baldwin from an “outperform” rating to a “market perform” rating and set a $44.00 target price on the stock. in a research report on Friday, August 26th. They noted that the move was a valuation call.
Alexander & Baldwin Company Profile
Alexander & Baldwin, Inc (A&B) is engaged in real estate development, real estate leasing, materials and construction, and agribusiness. The Company operates in four segments: Real Estate Development and Sales, Real Estate Leasing, Materials and Construction, and Agribusiness. Real estate activities are conducted through A&B Properties, Inc and other subsidiaries of A&B.
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