Kirby Corp. (NYSE: KEX) is 47.29% higher on its value in year-to-date trading and has touched a low of $72.11 and a high of $130.90 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The KEX stock was last observed hovering at around $123.05 in the last trading session, with the day’s loss setting it -7.46%.
Currently trading at $115.59, the stock is -5.59% and -4.31% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.34 million and changing -6.06% at the moment leaves the stock 6.35% off its SMA200. KEX registered 56.44% gain for a year compared to 6-month gain of 6.86%. The firm has a 50-day simple moving average (SMA 50) of $120.7966 and a 200-day simple moving average (SMA200) of $108.6908.
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The stock witnessed a -5.57% loss in the last 1 month and extending the period to 3 months gives it a 1.66%, and is -5.12% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.98% over the week and 2.14% over the month.
Kirby Corp. (KEX) has around 5450 employees, a market worth around $6.69B and $3.20B in sales. Current P/E ratio is 24.50 and Fwd P/E is 17.03. Profit margin for the company is 8.72%. Distance from 52-week low is 60.30% and -11.70% from its 52-week high. The company has generated returns on investments over the last 12 months (6.27%).
The EPS is expected to grow by 45.93% this year
511.0 institutions hold shares in Kirby Corp. (KEX), with institutional investors hold 99.90% of the company’s shares. The shares outstanding are 58.63M, and float is at 57.35M with Short Float at 1.62%. Institutions hold 98.98% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 6.03 million shares valued at $721.62 million. The investor’s holdings represent 10.3076 of the KEX Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 4.98 million shares valued at $596.38 million to account for 8.5187 of the shares outstanding. The other top investors are NEUBERGER BERMAN GROUP LLC which holds 3.42 million shares representing 5.8494 and valued at over $409.51 million, while MORGAN STANLEY holds 4.7895 of the shares totaling 2.8 million with a market value of $335.31 million.
Kirby Corp. (KEX) Insider Activity
The most recent transaction is an insider sale by Husted Amy D., the company’s Exec VP General Counsel & Sec. SEC filings show that Husted Amy D. sold 2,853 shares of the company’s common stock on Sep 19 ’24 at a price of $126.54 per share for a total of $0.36 million. Following the sale, the insider now owns 5280.0 shares.
Still, SEC filings show that on Sep 18 ’24, O’Neil Christian G. (President and COO) disposed off 14,031 shares at an average price of $123.29 for $1.73 million. The insider now directly holds 12,746 shares of Kirby Corp. (KEX).