Insider Selling: Alexander & Baldwin, Inc. (NYSE:ALEX) VP Sells 700 Shares of Stock

Alexander & Baldwin, Inc. (NYSE:ALEX - Get Free Report) VP Meredith J. Ching sold 700 shares of Alexander & Baldwin stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $17.79, for a total transaction of $12,453.00. Following the sale, the vice president now owns 150,349 shares in the company, valued at approximately $2,674,708.71. This trade represents a 0.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Alexander & Baldwin Trading Up 0.1%

Shares of ALEX stock traded up $0.02 on Friday, hitting $17.70. The stock had a trading volume of 330,463 shares, compared to its average volume of 390,659. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.47. Alexander & Baldwin, Inc. has a twelve month low of $15.70 and a twelve month high of $20.30. The company has a fifty day moving average price of $17.05 and a two-hundred day moving average price of $17.87. The firm has a market cap of $1.29 billion, a P/E ratio of 28.54 and a beta of 0.99.

Alexander & Baldwin (NYSE:ALEX - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The financial services provider reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.15. The company had revenue of $62.45 million during the quarter, compared to analysts' expectations of $49.68 million. Alexander & Baldwin had a net margin of 19.64% and a return on equity of 5.93%. As a group, analysts forecast that Alexander & Baldwin, Inc. will post 1.35 earnings per share for the current fiscal year.

Alexander & Baldwin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Friday, June 13th will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 5.09%. The ex-dividend date of this dividend is Friday, June 13th. Alexander & Baldwin's dividend payout ratio (DPR) is currently 105.88%.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. StockNews.com cut shares of Alexander & Baldwin from a "buy" rating to a "hold" rating in a research note on Sunday, March 16th. Piper Sandler boosted their target price on Alexander & Baldwin from $23.00 to $24.00 and gave the stock an "overweight" rating in a report on Friday, February 28th.

Hedge Funds Weigh In On Alexander & Baldwin

A number of institutional investors have recently bought and sold shares of the business. Smartleaf Asset Management LLC raised its holdings in Alexander & Baldwin by 284.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,675 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 1,239 shares during the period. Jones Financial Companies Lllp acquired a new position in shares of Alexander & Baldwin in the first quarter valued at approximately $41,000. Quarry LP increased its stake in shares of Alexander & Baldwin by 32.3% during the first quarter. Quarry LP now owns 4,264 shares of the financial services provider's stock worth $73,000 after purchasing an additional 1,042 shares during the period. Wealthfront Advisers LLC acquired a new stake in Alexander & Baldwin during the 4th quarter worth approximately $112,000. Finally, US Bancorp DE lifted its holdings in Alexander & Baldwin by 468.6% during the 1st quarter. US Bancorp DE now owns 6,795 shares of the financial services provider's stock worth $117,000 after purchasing an additional 5,600 shares during the last quarter. Institutional investors and hedge funds own 91.29% of the company's stock.

Alexander & Baldwin Company Profile

Alexander & Baldwin, Inc engages in the real estate business. It operates through the Commercial Real Estate and Land Operations segments. The Commercial Real Estate segment includes investments and acquisitions, construction and development, and in-house leasing and property management. The Land Operations segment consists of legacy landholdings, assets, and liabilities subject to the company's simplification and monetization effort.