Key Points
- Kirby VP William Matthew Woodruff sold 2,000 shares on Feb. 9 at an average price of $121.88 for $243,760, reducing his position by 74.43% to 687 shares (worth about $83,732).
- Quarterly results: Kirby reported $1.68 EPS (beat by $0.06) and revenue of $851.78M, a 6.2% year‑over‑year increase though slightly below analyst estimates.
- Analyst and valuation backdrop: The stock has a consensus "Moderate Buy" (five Buys, two Holds) with an average target of $129.40; market cap ≈ $6.61B and P/E ≈ 19.3.
Kirby Corporation (NYSE:KEX - Get Free Report) VP William Matthew Woodruff sold 2,000 shares of the stock in a transaction on Monday, February 9th. The shares were sold at an average price of $121.88, for a total transaction of $243,760.00. Following the sale, the vice president directly owned 687 shares of the company's stock, valued at $83,731.56. The trade was a 74.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Kirby Stock Performance
Shares of NYSE:KEX opened at $122.03 on Thursday. The company has a current ratio of 1.70, a quick ratio of 1.08 and a debt-to-equity ratio of 0.31. The company has a 50-day moving average price of $118.32 and a 200-day moving average price of $103.88. The company has a market cap of $6.61 billion, a price-to-earnings ratio of 19.28, a price-to-earnings-growth ratio of 1.06 and a beta of 0.88. Kirby Corporation has a 12 month low of $79.51 and a 12 month high of $132.18.
Kirby (NYSE:KEX - Get Free Report) last released its quarterly earnings results on Thursday, January 29th. The shipping company reported $1.68 EPS for the quarter, beating analysts' consensus estimates of $1.62 by $0.06. The business had revenue of $851.78 million during the quarter, compared to analyst estimates of $857.82 million. Kirby had a return on equity of 10.55% and a net margin of 10.54%.Kirby's quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.29 EPS. As a group, equities analysts anticipate that Kirby Corporation will post 6.57 EPS for the current year.
Institutional Trading of Kirby
A number of hedge funds have recently made changes to their positions in the stock. Maseco LLP purchased a new stake in shares of Kirby in the 4th quarter worth approximately $27,000. IFP Advisors Inc purchased a new stake in shares of Kirby in the second quarter worth $29,000. First Horizon Corp bought a new position in shares of Kirby during the third quarter valued at $30,000. Rothschild Investment LLC raised its position in shares of Kirby by 2,600.0% in the 4th quarter. Rothschild Investment LLC now owns 270 shares of the shipping company's stock worth $30,000 after purchasing an additional 260 shares during the last quarter. Finally, Bell Investment Advisors Inc boosted its stake in Kirby by 67.1% in the 2nd quarter. Bell Investment Advisors Inc now owns 284 shares of the shipping company's stock worth $32,000 after purchasing an additional 114 shares in the last quarter. 96.15% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on KEX. Wall Street Zen raised shares of Kirby from a "hold" rating to a "buy" rating in a research report on Saturday, November 1st. Weiss Ratings restated a "hold (c+)" rating on shares of Kirby in a report on Thursday, January 22nd. Wolfe Research reiterated an "outperform" rating and set a $136.00 target price on shares of Kirby in a report on Friday, January 30th. Evercore increased their target price on Kirby from $109.00 to $122.00 and gave the stock an "outperform" rating in a research report on Thursday, October 30th. Finally, Citigroup lifted their price target on Kirby from $145.00 to $147.00 and gave the company a "buy" rating in a research report on Friday, January 30th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Kirby has a consensus rating of "Moderate Buy" and an average target price of $129.40.
Check Out Our Latest Report on KEX
About Kirby
(
Get Free Report)
Kirby Corporation is a leading domestic maritime transporter of bulk liquid products in the United States. Through its Marine Transportation segment, the company operates one of North America's largest fleets of inland tank barges and towing vessels. Kirby's fleet moves petrochemicals, black oil, refined petroleum products and agricultural chemicals along coastal and inland waterways, providing critical logistical support to energy, chemical and agricultural producers.
In addition to its marine operations, Kirby's Distribution and Services segment offers diesel engine and power generation services, along with aftermarket parts sales.
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