Navigator Holdings Ltd. (NYSE:NVGS) Receives $23.33 Consensus PT from Analysts

Navigator Holdings Ltd. (NYSE:NVGS) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $23.3333.

A number of research firms have recently weighed in on NVGS. Weiss Ratings upgraded shares of Navigator from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 5th. Wall Street Zen raised Navigator from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Citigroup boosted their price target on shares of Navigator from $24.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Finally, Zacks Research cut Navigator from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th.

Insider Buying and Selling at Navigator

In other Navigator news, insider Oeyvind Lindeman sold 6,259 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $21.70, for a total value of $135,820.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Peter George Charles An Stokes sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $20.28, for a total transaction of $101,400.00. Following the sale, the director owned 6,910 shares of the company’s stock, valued at $140,134.80. This represents a 41.98% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. TD Waterhouse Canada Inc. boosted its holdings in Navigator by 1,124.1% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,677 shares of the shipping company’s stock valued at $29,000 after purchasing an additional 1,540 shares during the period. California State Teachers Retirement System acquired a new position in Navigator during the 2nd quarter worth approximately $29,000. Northwestern Mutual Wealth Management Co. grew its holdings in Navigator by 2,794.4% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 2,055 shares of the shipping company’s stock worth $32,000 after acquiring an additional 1,984 shares in the last quarter. Legal & General Group Plc purchased a new stake in shares of Navigator in the 2nd quarter valued at approximately $42,000. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Navigator in the 3rd quarter valued at approximately $43,000. Hedge funds and other institutional investors own 18.95% of the company’s stock.

Navigator Price Performance

Shares of NYSE NVGS opened at $22.10 on Friday. Navigator has a fifty-two week low of $14.08 and a fifty-two week high of $24.36. The company has a market cap of $1.36 billion, a PE ratio of 10.18, a P/E/G ratio of 0.56 and a beta of 0.46. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.62 and a current ratio of 1.71. The business has a 50-day simple moving average of $21.02 and a two-hundred day simple moving average of $20.81.

Navigator (NYSE:NVGS) last announced its quarterly earnings data on Wednesday, August 5th. The shipping company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.53 by $0.32. Navigator had a net margin of 22.80% and a return on equity of 10.45%. The firm had revenue of $167.94 million during the quarter, compared to analyst estimates of $139.46 million. As a group, equities analysts expect that Navigator will post 1.76 EPS for the current fiscal year.

Navigator Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th will be issued a $0.07 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $0.28 dividend on an annualized basis and a yield of 1.3%. Navigator’s dividend payout ratio is presently 12.90%.

Navigator Company Profile

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).