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Alexander & Baldwin (NASDAQ:ALEX) Director David C. Hulihee purchased 10,506 shares of the company’s stock in a transaction that occurred on Monday, June 2nd. The shares were purchased at an average cost of $37.81 per share, for a total transaction of $397,231.86. Following the completion of the transaction, the director now directly owns 650,000 shares in the company, valued at approximately $24,576,500. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Separately, analysts at Sidoti initiated coverage on shares of Alexander & Baldwin in a research note on Tuesday, March 11th. They set a “buy” rating on the stock. One research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $48.00.

Alexander & Baldwin (NASDAQ:ALEX) traded down 0.69% during mid-day trading on Monday, hitting $37.65. The stock had a trading volume of 180,882 shares. Alexander & Baldwin has a 1-year low of $34.32 and a 1-year high of $46.23. The stock has a 50-day moving average of $38.26 and a 200-day moving average of $39.77. The company has a market cap of $1.835 billion and a price-to-earnings ratio of 27.12.

Alexander & Baldwin (NASDAQ:ALEX) last released its earnings data on Thursday, May 8th. The company reported $0.68 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.29 by $0.39. On average, analysts predict that Alexander & Baldwin will post $0.76 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Thursday, June 5th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend is Tuesday, May 13th.

Matson, Inc (NASDAQ:ALEX) is a United States carrier in the Pacific.

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