Alexander & Baldwin Inc (NYSE: ALEX) is -1.07% lower on its value in year-to-date trading and has touched a low of $15.53 and a high of $20.30 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ALEX stock was last observed hovering at around $17.71 in the last trading session, with the day’s loss setting it -0.16%.
Currently trading at $17.55, the stock is 0.22% and -5.82% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.24 million and changing -0.90% at the moment leaves the stock -2.71% off its SMA200. ALEX registered -0.23% loss for a year compared to 6-month gain of -2.17%. The firm has a 50-day simple moving average (SMA 50) of $18.6346 and a 200-day simple moving average (SMA200) of $18.0393.
The stock witnessed a -6.95% loss in the last 1 month and extending the period to 3 months gives it a -6.70%, and is 2.99% up 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 1.92% over the week and 2.03% over the month.
Alexander & Baldwin Inc (ALEX) has around 141 employees, a market worth around $1.27B and $227.09M in sales. Current P/E ratio is 28.64 and Fwd P/E is 27.86. Profit margin for the company is 19.63%. Distance from 52-week low is 13.01% and -13.55% from its 52-week high. The company has generated returns on investments over the last 12 months (3.19%).
with sales reaching $49.68M over the same period.The EPS is expected to grow by 44.64% this year, but quarterly earnings will post 1.90% year-over-year. Quarterly sales are estimated to shrink -6.09% in year-over-year returns.
Alexander & Baldwin Inc (ALEX) Top Institutional Holders
344.0 institutions hold shares in Alexander & Baldwin Inc (ALEX), with institutional investors hold 89.28% of the company’s shares. The shares outstanding are 72.63M, and float is at 71.24M with Short Float at 0.75%. Institutions hold 88.06% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 13.21 million shares valued at $224.1 million. The investor’s holdings represent 18.2144% of the ALEX Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 11.59 million shares valued at $196.6 million to account for 15.9788 of the shares outstanding. The other top investors are FRANKLIN RESOURCES INC which holds 4.1 million shares representing 5.6514% and valued at over $69.53 million, while STATE STREET CORP holds 5.3275 of the shares totaling 3.86 million with a market value of $66.4 million.
Alexander & Baldwin Inc (ALEX) Insider Activity
The most recent transaction is an insider sale by CHING MEREDITH J, the company’s Exec. VP, External Affairs. SEC filings show that CHING MEREDITH J sold 700 shares of the company’s common stock on Jan 10 ’25 at a price of $16.97 per share for a total of $11878.0. Following the sale, the insider now owns 0.15 million shares.
Still, SEC filings show that on Dec 10 ’24, CHING MEREDITH J (Exec. VP, External Affairs) disposed off 700 shares at an average price of $19.37 for $13562.0. The insider now directly holds 149,167 shares of Alexander & Baldwin Inc (ALEX).
