Kirby (NYSE:KEX) VP Ronald Dragg Sells 1,726 Shares

Kirby Corporation (NYSE:KEX) VP Ronald Dragg sold 1,726 shares of Kirby stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $145.01, for a total value of $250,287.26. Following the completion of the transaction, the vice president directly owned 8,673 shares of the company’s stock, valued at approximately $1,257,671.73. This represents a 16.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Kirby Price Performance

KEX opened at $142.53 on Thursday. The stock has a 50-day moving average price of $136.72 and a 200-day moving average price of $121.68. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.53 and a quick ratio of 0.96. The firm has a market cap of $7.64 billion, a PE ratio of 21.93, a P/E/G ratio of 1.49 and a beta of 0.85. Kirby Corporation has a 1 year low of $79.51 and a 1 year high of $157.69.

Kirby (NYSE:KEX) last issued its earnings results on Thursday, April 30th. The shipping company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. Kirby had a return on equity of 10.65% and a net margin of 10.51%.The business had revenue of $844.10 million during the quarter, compared to analyst estimates of $832.57 million. During the same quarter in the previous year, the firm earned $1.33 EPS. Kirby’s revenue was up 7.4% on a year-over-year basis. Kirby has set its FY 2026 guidance at 6.650-7.280 EPS. Sell-side analysts predict that Kirby Corporation will post 6.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

KEX has been the subject of a number of recent analyst reports. Evercore reissued an “outperform” rating and issued a $158.00 target price on shares of Kirby in a research report on Friday, May 1st. Weiss Ratings raised Kirby from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. BTIG Research boosted their target price on Kirby from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Citigroup boosted their target price on Kirby from $147.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. Finally, Wolfe Research reissued an “outperform” rating and issued a $136.00 target price on shares of Kirby in a research report on Friday, January 30th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kirby currently has an average rating of “Moderate Buy” and a consensus target price of $146.20.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in KEX. Maseco LLP bought a new position in shares of Kirby during the 4th quarter valued at approximately $27,000. First Horizon Corp bought a new position in shares of Kirby during the 3rd quarter valued at approximately $30,000. Rothschild Investment LLC grew its stake in shares of Kirby by 2,600.0% during the 4th quarter. Rothschild Investment LLC now owns 270 shares of the shipping company’s stock valued at $30,000 after acquiring an additional 260 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of Kirby by 537.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 306 shares of the shipping company’s stock valued at $34,000 after acquiring an additional 258 shares during the period. Finally, Parallel Advisors LLC grew its stake in shares of Kirby by 50.0% during the 4th quarter. Parallel Advisors LLC now owns 402 shares of the shipping company’s stock valued at $44,000 after acquiring an additional 134 shares during the period. 96.15% of the stock is currently owned by institutional investors.

Kirby Company Profile

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.