Tejon Ranch (NYSE:TRC) Sets New 12-Month High - Still a Buy?

Key Points

• Tejon Ranch Co recently reached a new 52-week high of $19.39, closing at $19.15, with a market capitalization of approximately $514.64 million.
• In its latest earnings report, Tejon Ranch missed the consensus EPS estimate, reporting a loss of ($0.05) per share, while maintaining a net margin of 5.01% and total revenue of $8.21 million.
• Institutional investors currently hold over 60% of Tejon Ranch’s stock, indicating significant interest, with several firms drastically increasing their stakes in the past quarter.

Tejon Ranch Co (NYSE:TRC - Get Free Report)'s share price reached a new 52-week high during trading on Friday . The company traded as high as $19.39 and last traded at $19.15, with a volume of 115451 shares. The stock had previously closed at $19.27.

Tejon Ranch Trading Down 0.6%

The stock has a market capitalization of $514.64 million, a PE ratio of 212.73 and a beta of 0.61. The company has a current ratio of 2.68, a quick ratio of 2.35 and a debt-to-equity ratio of 0.15. The stock has a 50 day moving average price of $17.11 and a 200-day moving average price of $16.46.

Tejon Ranch (NYSE:TRC - Get Free Report) last issued its earnings results on Thursday, May 8th. The real estate development and agribusiness company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.06). Tejon Ranch had a return on equity of 0.44% and a net margin of 5.01%. The firm had revenue of $8.21 million during the quarter, compared to the consensus estimate of $7.57 million. Sell-side analysts expect that Tejon Ranch Co will post -0.04 earnings per share for the current year.

Insider Transactions at Tejon Ranch

In other Tejon Ranch news, CFO Brett A. Brown sold 5,356 shares of the company's stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $18.55, for a total transaction of $99,353.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 22.44% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. NBC Securities Inc. raised its stake in Tejon Ranch by 86,300.0% in the 1st quarter. NBC Securities Inc. now owns 1,728 shares of the real estate development and agribusiness company's stock worth $27,000 after acquiring an additional 1,726 shares during the last quarter. Versant Capital Management Inc purchased a new position in Tejon Ranch in the 1st quarter valued at about $28,000. GAMMA Investing LLC lifted its stake in Tejon Ranch by 4,636.1% in the 1st quarter. GAMMA Investing LLC now owns 3,931 shares of the real estate development and agribusiness company's stock valued at $62,000 after buying an additional 3,848 shares in the last quarter. Strs Ohio purchased a new position in Tejon Ranch in the 1st quarter worth approximately $65,000. Finally, Deutsche Bank AG lifted its stake in Tejon Ranch by 36.1% in the 4th quarter. Deutsche Bank AG now owns 11,022 shares of the real estate development and agribusiness company's stock worth $175,000 after purchasing an additional 2,922 shares in the last quarter. Institutional investors own 60.63% of the company's stock.

About Tejon Ranch

Tejon Ranch Co, together with its subsidiaries, operates as a diversified real estate development and agribusiness company. It operates through five segments: Commercial/Industrial Real Estate Development, Resort/Residential Real Estate Development, Mineral Resources, Farming, and Ranch Operations. The Commercial/Industrial Real Estate Development segment engages in the planning and permitting of land for development; construction of infrastructure projects, pre-leased buildings, and buildings to be leased or sold; and sale of land to third parties for their own development.

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