Alexander & Baldwin CFO Paul K. Ito Sells 5,546 Shares (ALEX)
Alexander & Baldwin (NASDAQ:ALEX) CFO Paul K. Ito sold 5,546 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $39.75, for a total value of $220,453.50. Following the sale, the chief financial officer now directly owns 16,219 shares of the company’s stock, valued at approximately $644,705. The sale was disclosed in a legal filing with the SEC, 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 analyst has rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Alexander & Baldwin has a consensus rating of “Buy” and an average price target of $48.00.
Alexander & Baldwin (NASDAQ:ALEX) traded up 3.53% during mid-day trading on Monday, hitting $41.91. 336,477 shares of the company’s stock traded hands. Alexander & Baldwin has a one year low of $34.32 and a one year high of $46.23. The stock’s 50-day moving average is $38.35 and its 200-day moving average is $39.82. The company has a market cap of $2.042 billion and a P/E ratio of 28.96.
Alexander & Baldwin (NASDAQ:ALEX) last posted its quarterly earnings results 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 $0.88 earnings per share for the current fiscal year.
Matson, Inc (NASDAQ:ALEX) is a United States carrier in the Pacific.
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