Key Points
- Director Peter George Charles An Stokes sold 5,000 Navigator shares for $101,400, reducing his direct ownership by 41.98% to 6,910 shares.
- Navigator reported quarterly EPS of $0.85, beating estimates of $0.53, while revenue of $167.94 million also exceeded expectations. The company declared a quarterly dividend of $0.07, yielding approximately 1.3% annually.
- Analysts maintain a “Moderate Buy” consensus, with five Buy ratings and one Hold and an average price target of $23.33, compared with the stock’s reported opening price of $20.99.
Navigator Holdings Ltd. (NYSE:NVGS - Get Free Report) Director Peter George Charles An Stokes sold 5,000 shares of the stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $20.28, for a total value of $101,400.00. Following the transaction, the director directly owned 6,910 shares of the company's stock, valued at approximately $140,134.80. This trade represents a 41.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Navigator Stock Performance
NYSE:NVGS opened at $20.99 on Friday. The company has a market capitalization of $1.30 billion, a P/E ratio of 9.67, a P/E/G ratio of 0.52 and a beta of 0.46. The business has a fifty day simple moving average of $21.10 and a two-hundred day simple moving average of $20.70. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.71 and a quick ratio of 1.62. Navigator Holdings Ltd. has a 1 year low of $14.08 and a 1 year high of $24.36.
Navigator (NYSE:NVGS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The shipping company reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.32. Navigator had a return on equity of 10.45% and a net margin of 22.80%.The firm had revenue of $167.94 million for the quarter, compared to analysts' expectations of $139.46 million. On average, analysts expect that Navigator Holdings Ltd. will post 1.76 earnings per share for the current year.
Navigator Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 19th will be given a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.28 annualized dividend and a dividend yield of 1.3%. Navigator's payout ratio is 12.90%.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. raised its stake in Navigator by 30.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,680 shares of the shipping company's stock valued at $46,000 after purchasing an additional 625 shares in the last quarter. NBC Securities Inc. increased its holdings in shares of Navigator by 21.9% in the 4th quarter. NBC Securities Inc. now owns 4,696 shares of the shipping company's stock worth $81,000 after buying an additional 845 shares during the last quarter. CWM LLC raised its position in shares of Navigator by 37.4% during the 4th quarter. CWM LLC now owns 4,627 shares of the shipping company's stock valued at $80,000 after buying an additional 1,259 shares in the last quarter. Focus Partners Wealth raised its position in shares of Navigator by 3.7% during the 3rd quarter. Focus Partners Wealth now owns 37,394 shares of the shipping company's stock valued at $579,000 after buying an additional 1,334 shares in the last quarter. Finally, Aquatic Capital Management LLC raised its position in shares of Navigator by 8.0% during the 3rd quarter. Aquatic Capital Management LLC now owns 18,194 shares of the shipping company's stock valued at $282,000 after buying an additional 1,353 shares in the last quarter. 18.95% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on NVGS. Zacks Research lowered Navigator from a "strong-buy" rating to a "hold" rating in a report on Friday, August 7th. Wall Street Zen upgraded Navigator from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Citigroup increased their price objective on Navigator from $24.00 to $27.00 and gave the stock a "buy" rating in a report on Tuesday, May 12th. Finally, Weiss Ratings upgraded Navigator from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday, August 5th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $23.33.
Get Our Latest Research Report on NVGS
About Navigator
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Navigator Holdings Ltd. is a global shipping company specializing in the seaborne transportation of liquefied gases. The company's fleet is purpose-built to carry a range of petrochemical gases, including liquefied petroleum gas (LPG), ethylene, propylene and ammonia. Navigator's vessels are designed to meet the stringent safety and environmental standards required for handling pressurized and refrigerated gases, offering flexible capacity to customers across the energy and chemical sectors.
Navigator operates one of the largest and most modern fleets of gas carriers in the industry, with vessels ranging from fully pressurized gas carriers to specialized very large ethane carriers (VLECs).
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