Keeley Teton Advisors LLC Boosts Holdings in Alexander & Baldwin, Inc. (NYSE:ALEX)

Posted by Defense World Staff on Feb 24th, 2023

Keeley Teton Advisors LLC lifted its stake in Alexander & Baldwin, Inc. (NYSE:ALEX – Get Rating) by 13.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,000 shares of the financial services provider’s stock after purchasing an additional 1,500 shares during the quarter. Keeley Teton Advisors LLC’s holdings in Alexander & Baldwin were worth $216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. American Century Companies Inc. increased its holdings in Alexander & Baldwin by 126.5% in the 1st quarter. American Century Companies Inc. now owns 37,890 shares of the financial services provider’s stock worth $879,000 after buying an additional 21,161 shares in the last quarter. Citigroup Inc. increased its holdings in Alexander & Baldwin by 25.8% in the 1st quarter. Citigroup Inc. now owns 115,180 shares of the financial services provider’s stock worth $2,671,000 after buying an additional 23,639 shares in the last quarter. MetLife Investment Management LLC increased its holdings in Alexander & Baldwin by 38.2% in the 1st quarter. MetLife Investment Management LLC now owns 37,273 shares of the financial services provider’s stock worth $864,000 after buying an additional 10,311 shares in the last quarter. Rhumbline Advisers increased its holdings in Alexander & Baldwin by 0.5% in the 1st quarter. Rhumbline Advisers now owns 222,242 shares of the financial services provider’s stock worth $5,154,000 after buying an additional 1,058 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Alexander & Baldwin by 14.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 62,528 shares of the financial services provider’s stock valued at $1,450,000 after purchasing an additional 7,710 shares during the period. Hedge funds and other institutional investors own 85.56% of the company’s stock.

Alexander & Baldwin Stock Up 1.8 %

ALEX stock opened at $18.91 on Friday. Alexander & Baldwin, Inc. has a twelve month low of $15.80 and a twelve month high of $24.15. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.42. The stock has a market cap of $1.37 billion, a P/E ratio of 52.53 and a beta of 1.32. The business’s 50-day moving average price is $19.26 and its 200-day moving average price is $18.92.

Alexander & Baldwin Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 6th. Stockholders of record on Friday, December 23rd were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, December 22nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.65%. Alexander & Baldwin’s payout ratio is currently 244.44%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ALEX shares. StockNews.com upgraded Alexander & Baldwin from a “sell” rating to a “hold” rating in a research note on Monday, February 13th. Piper Sandler downgraded Alexander & Baldwin from an “overweight” rating to a “neutral” rating and set a $20.00 price target for the company. in a research note on Monday, November 14th.

Alexander & Baldwin Company Profile

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Alexander & Baldwin, Inc engages in real estate business. It operates through the following segments: Commercial Real Estate, Land Operations, and Materials and Construction. The Commercial Real Estate segment includes investments and acquisitions, construction and development, in-house leasing and property management, and asset management.