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Richard S. Kinney, Senior Vice President at Matson , Inc. (NYSE:MATX), recently sold 1,997 shares of the company’s common stock. The transaction, dated March 6, 2025, was executed at a weighted average price of $137.11 per share, totaling approximately $273,804. The sale comes as Matson, currently valued at $4.38 billion, trades near its InvestingPro Fair Value with a P/E ratio of 9.46. Following the sale, Kinney retains ownership of 8,425 shares in the company. The sale was conducted in multiple trades, with prices ranging from $136.79 to $137.20. The stock has declined 7.52% over the past week, though analysts remain optimistic with price targets reaching $175. According to InvestingPro, Matson maintains a perfect Piotroski Score of 9, indicating exceptional financial strength. For deeper insights into insider trading patterns and 12 additional ProTips, consider exploring Matson’s comprehensive Pro Research Report.
In other recent news, Matson, Inc. reported impressive fourth-quarter 2024 financial results, significantly exceeding earnings expectations. The company posted an earnings per share (EPS) of $3.80, surpassing the forecasted $2.45, alongside a revenue of $890.3 million, which exceeded the anticipated $840.29 million. This strong performance was primarily driven by expedited China services and operational efficiency. Following these results, analysts at Stephens raised their price target for Matson to $175, up from $165, while maintaining an Overweight rating on the stock. The analysts cited Matson’s robust balance sheet and strong free cash flow as factors supporting the upgrade.
Matson’s consolidated operating income for the quarter was $147.5 million, marking a substantial year-over-year increase of $72.2 million. The company’s full-year 2024 operating income rose by $208.5 million to $551.3 million, driven by significantly higher freight rates in their China service. Looking forward, Matson anticipates a meaningful increase in Ocean Transportation operating income for the first quarter of 2025, despite expecting a moderate decline for the full year. The company projects that geopolitical factors, such as the situation in the Red Sea, will influence their results, with expectations that ocean operating income will only be "moderately lower" compared to the previous year.
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