Nucor earnings beat by $0.08, revenue fell short of estimates
Meredith (NYSE:MDP) J. Ching, Executive Vice President of External Affairs at Alexander & Baldwin, Inc. (NYSE:ALEX), recently sold 700 shares of the company’s common stock. The shares were sold at a weighted average price of $18.0581, amounting to a total transaction value of $12,640. Following this sale, Ching retains direct ownership of 151,749 shares.
The transaction, executed on March 10, 2025, was part of a pre-arranged trading plan under Rule 10b5-1, which allows company insiders to sell a predetermined number of shares at a predetermined time. The sale was conducted in multiple transactions, with prices ranging from $17.965 to $18.16. With an overall financial health score rated as "GOOD" by InvestingPro, the company maintains a healthy dividend yield of 4.9% and has shown revenue growth of 14.5% over the last twelve months.
In addition to her direct holdings, Ching also holds shares indirectly, including 213 shares owned by her spouse and 781.571 shares held through a TCESOP (Tax-Deferred Employee Stock Ownership Plan). The stock has demonstrated low price volatility, with analysts maintaining positive expectations for profitability this year.
In other recent news, Alexander & Baldwin reported its fourth-quarter earnings for 2024, surpassing analyst expectations with an earnings per share (EPS) of $0.17, compared to the forecasted $0.14. The company also announced a full-year 2024 funds from operations (FFO) of $1.37 per share, marking a $0.28 increase year-over-year. Piper Sandler analyst Alexander Goldfarb raised the price target for Alexander & Baldwin to $24 from $23, maintaining an Overweight rating, indicating a positive outlook on the company’s performance. Goldfarb highlighted the company’s effective cost-cutting measures and strong demand for leasing, which have contributed to its success.
The company reduced general and administrative expenses by $4.2 million in 2024, achieving a 12.4% reduction. Leased occupancy improved to 94.6%, reflecting a 60 basis point sequential increase. Alexander & Baldwin’s management has expressed commitment to further enhancing commercial real estate operations and optimizing cost structures. The company provided a 2025 FFO guidance of $1.13 to $1.20 per share, with expectations for same-store net operating income (NOI) growth between 2.4% and 3.2%. These recent developments underscore the company’s strategic focus and operational improvements.
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