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Matson , Inc. (NYSE:MATX) Senior Vice President Kuuhaku T. Park recently sold a portion of his holdings in the company. According to an SEC filing, Park disposed of 954 shares of Matson’s common stock on March 4, 2025. The shares were sold at a weighted average price of $134.2645, generating a total of $128,088. The company, currently valued at $4.5 billion, trades at an attractive P/E ratio of 9.8x and has achieved a perfect Piotroski Score of 9, according to InvestingPro data.
The transaction was executed in multiple trades at prices ranging from $134.22 to $134.35. Following this sale, Park holds 11,616 shares directly. Matson, based in Honolulu, is a key player in the water transportation sector, demonstrating strong financial performance with a 10.6% revenue growth and maintaining dividend payments for 53 consecutive years. InvestingPro analysis reveals 10+ additional insights about Matson’s financial health and growth prospects, available in the comprehensive Pro Research Report.
In other recent news, Matson Inc. reported strong financial results for the fourth quarter of 2024, with earnings per share (EPS) reaching $3.80, significantly surpassing the forecasted $2.45. The company’s revenue also exceeded expectations, coming in at $890.3 million compared to the anticipated $840.29 million. This performance was primarily driven by expedited China services and operational efficiency. Analysts at Stephens responded by raising Matson’s stock price target to $175, up from $165, while maintaining an Overweight rating. The analysts noted that Matson’s robust earnings were supported by favorable ocean pricing conditions, which led to a substantial increase in ocean operating margins.
Matson’s consolidated operating income for the quarter was $147.5 million, marking a significant year-over-year increase. The company anticipates a meaningful increase in Ocean Transportation operating income for Q1 2025, despite a projected moderate decline for the full year. Looking ahead, Matson expects geopolitical factors to influence their 2025 results, particularly concerning the Red Sea trade flows. However, the company forecasts that even with a potential normalization in the Red Sea by mid-2025, ocean operating income would only be moderately lower compared to the previous year. These developments are supported by a structural shift in pricing dynamics and market share gains among premium shippers transitioning from airfreight to ocean shipping.
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