Sidoti Csr Raises Earnings Estimates for Alexander & Baldwin

Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) – Equities research analysts at Sidoti Csr boosted their FY2025 EPS estimates for Alexander & Baldwin in a report released on Wednesday, July 16th. Sidoti Csr analyst B. Mccarthy now anticipates that the financial services provider will earn $1.36 per share for the year, up from their previous forecast of $1.22. The consensus estimate for Alexander & Baldwin’s current full-year earnings is $1.35 per share.

Alexander & Baldwin Stock Performance

Shares of Alexander & Baldwin stock opened at $17.70 on Thursday. The firm has a market capitalization of $1.29 billion, a P/E ratio of 20.83 and a beta of 1.01. Alexander & Baldwin has a 52 week low of $15.70 and a 52 week high of $20.30. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.45. The firm’s 50 day moving average is $17.83 and its two-hundred day moving average is $17.54.

Alexander & Baldwin Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Friday, June 13th were paid a $0.225 dividend. The ex-dividend date was Friday, June 13th. This represents a $0.90 annualized dividend and a yield of 5.08%. Alexander & Baldwin’s dividend payout ratio is currently 105.88%.

Hedge Funds Weigh In On Alexander & Baldwin

Several hedge funds have recently added to or reduced their stakes in the stock. Bank of Montreal Can increased its stake in Alexander & Baldwin by 2.3% in the fourth quarter. Bank of Montreal Can now owns 27,594 shares of the financial services provider’s stock valued at $490,000 after purchasing an additional 615 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Alexander & Baldwin by 3.2% in the first quarter. PNC Financial Services Group Inc. now owns 19,810 shares of the financial services provider’s stock valued at $341,000 after acquiring an additional 621 shares during the period. American Century Companies Inc. boosted its holdings in shares of Alexander & Baldwin by 3.4% in the fourth quarter. American Century Companies Inc. now owns 24,188 shares of the financial services provider’s stock valued at $429,000 after acquiring an additional 797 shares during the period. 1620 Investment Advisors Inc. boosted its holdings in shares of Alexander & Baldwin by 4.4% in the fourth quarter. 1620 Investment Advisors Inc. now owns 20,937 shares of the financial services provider’s stock valued at $371,000 after acquiring an additional 879 shares during the period. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in shares of Alexander & Baldwin by 0.6% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 154,562 shares of the financial services provider’s stock valued at $2,742,000 after acquiring an additional 948 shares during the period. 91.29% of the stock is currently owned by hedge funds and other institutional investors.

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.