Alexander & Baldwin (ALEX) Director W Allen Doane, Jr. Sells 30,000 Shares
Alexander & Baldwin (NYSE:ALEX) Director W Allen Doane, Jr. sold 30,000 shares of the firm’s stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $43.38, for a total value of $1,301,400.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Alexander & Baldwin (NYSE:ALEX) traded down 0.85% during trading on Monday, hitting $43.13. The company had a trading volume of 27,962 shares. Alexander & Baldwin has a 12-month low of $28.82 and a 12-month high of $44.03. The company’s market capitalization is $2.11 billion. The firm has a 50-day moving average of $39.59 and a 200 day moving average of $38.51.
Alexander & Baldwin (NYSE:ALEX) last released its earnings results on Thursday, October 27th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by $0.21. The firm had revenue of $138.70 million for the quarter, compared to the consensus estimate of $139.08 million. Alexander & Baldwin had a positive return on equity of 2.81% and a negative net margin of 4.73%. The company’s revenue was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.11 EPS. On average, equities research analysts forecast that Alexander & Baldwin will post $0.97 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 7th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, November 3rd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.64%. This is an increase from Alexander & Baldwin’s previous quarterly dividend of $0.06. Alexander & Baldwin’s payout ratio is presently -58.33%.
Separately, JMP Securities cut Alexander & Baldwin from an “outperform” rating to a “market perform” rating and set a $44.00 target price for the company. in a research note on Friday, August 26th. They noted that the move was a valuation call.
Large investors have recently added to or reduced their stakes in the company. Legal & General Group Plc increased its stake in Alexander & Baldwin by 0.7% in the second quarter. Legal & General Group Plc now owns 12,276 shares of the company’s stock worth $439,000 after buying an additional 82 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in Alexander & Baldwin by 0.3% in the second quarter. Nisa Investment Advisors LLC now owns 32,240 shares of the company’s stock worth $1,165,000 after buying an additional 100 shares during the last quarter. Aperio Group LLC increased its stake in Alexander & Baldwin by 1.2% in the third quarter. Aperio Group LLC now owns 13,345 shares of the company’s stock worth $513,000 after buying an additional 158 shares during the last quarter. LS Investment Advisors LLC increased its stake in Alexander & Baldwin by 5.7% in the third quarter. LS Investment Advisors LLC now owns 2,933 shares of the company’s stock worth $113,000 after buying an additional 158 shares during the last quarter. Finally, State Treasurer State of Michigan increased its stake in Alexander & Baldwin by 1.1% in the second quarter. State Treasurer State of Michigan now owns 18,520 shares of the company’s stock worth $669,000 after buying an additional 200 shares during the last quarter. Institutional investors own 78.22% of the company’s stock.
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.
Receive News & Stock Ratings for Alexander & Baldwin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alexander & Baldwin and related stocks with our FREE daily email newsletter.