The Vanguard Group, Inc. has recently announced that it has increased stake in Alexander & Baldwin Inc. (NYSE:ALEX) by 0.70%. After grabbing 11.56 million shares, the institutional investor is now in possession of 80781.0 shares of the Real Estate Company. The new investment brought the stake of investor firm to 15.93% having worth around $216.44 million. Moreover, Franklin Mutual Advisers LLC increased its share by 0.29 million to have a control over 2.71 million shares. And Charles Schwab Investment Managem raised its holdings to 22858.0 shares by acquiring 1.29 million shares or 1.77% of the stake.
Alexander & Baldwin Inc. (ALEX) concluded trading on 01/19/23 at a closing price of $19.18, with 0.17 million shares of worth about $3.32 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 6.32% during that period and on Thursday the price saw a loss of about -1.49%. Currently the company’s common shares owned by public are about 72.70M shares, out of which, 71.59M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 2 analysts are covering the ALEX stock and their offered price forecasts bring an average price target of $23.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $26.00 and could fall to a lowest price of $20.00. The stock’s current price level is 16.61% above of average price target set by the analysts, while a rise to estimated low would result in gain of 4.1% for the stock. However, touching the estimated high of $26.00 would mean a gain of 26.23% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 36 times over the past 12 months. They bought 200,024 shares in 15 of the transactions. In 21 selling transactions, insiders dumped 85,908 shares.
iShares Core S&P Small Cap ETF, Vanguard Real Estate Index Fund, and Franklin Small Cap Value Fund are the top 3 mutual funds which are holding stakes in Alexander & Baldwin Inc. iShares Core S&P Small Cap ETF is currently holding 5.37 million shares of worth totaling $100.52 million. The company recently came selling 3936.0 shares which brought its stake up to 7.40% of the company’s outstanding shares. Vanguard Real Estate Index Fund sold 14171.0 shares, after which its hold over company’s outstanding shares shrunk to 4.53%, leaving 3.28 million shares with the mutual fund that have a worth of about $61.48 million. Franklin Small Cap Value Fund, after buying 2.21 million shares, have now control over 3.04% of the stake in the company. It holds 57488.0 shares of worth $41.31 million.
Alexander & Baldwin Inc. (NYSE: ALEX) started trading at $19.42, below -$0.05 from concluding price of the previous day. However, the stock later moved at a day high price of 19.46, or with a loss of -1.49%. Stock saw a price change of -1.49% in past 5 days and over the past one month there was a price change of -0.31%. Year-to-date (YTD), ALEX shares are showing a performance of 2.40% which decreased to -19.21% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $15.80 but also hit the highest price of $24.15 during that period. The average intraday trading volume for Alexander & Baldwin Inc. shares is 229.81K. The stock is currently trading 0.62% above its 20-day simple moving average (SMA20), while that difference is down -1.37% for SMA50 and it goes to -0.59% lower than SMA200.
The Vanguard Group, Inc. acquired 11.56 million shares of Alexander & Baldwin Inc. having value of about $216.44 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 80781.0 shares in the company valued at close to $1549379.58, or have control over 0.70% stake in the company. Alexander & Baldwin Inc. (NYSE: ALEX) currently have 72.70M outstanding shares and institutions hold larger chunk of about 88.70% of that. Holding of mutual funds in the company is about 56.95% while other institutional holders and individual stake holders have control over 7.87% and 30.47% of the stake respectively.
The stock has a current market capitalization of $1.39B and its 3Y-monthly beta is at 1.35. PE ratio of stock for trailing 12 months is 50.88, while it has posted earnings per share of $0.38 in the same period. Its PEG reads 2.54 and has Quick Ratio of 2.30 while making debt-to-equity ratio of 0.42. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ALEX, volatility over the week remained 2.01% while standing at 2.26% over the month.
Analysts are in expectations that Alexander & Baldwin Inc. (ALEX) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0.17 and it is $0.77 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.09 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 473.00% while it is estimated to increase by 122.92% in next year. EPS is likely to grow at an annualized rate of 20.00% for next 5-years, compared to annual growth of -5.90% made by the stock over the past 5-years.
Analysts at 2 brokerage firms have issued recommendations for the Alexander & Baldwin Inc. (ALEX)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 2 Wall Street analysts, 1 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Piper Sandler on November 14, 2022 offering a Neutral rating for the stock and assigned a target price of $20 to it. Coverage by Piper Sandler stated Alexander & Baldwin Inc. (ALEX) stock as an Overweight in their note to investors on July 30, 2021, suggesting a price target of $22 for the stock. Stock get a Buy rating from Compass Point on March 31, 2015.