Kirby Corporation $KEX Stock Acquired by Tectonic Advisors LLC

Tectonic Advisors LLC increased its stake in Kirby Corporation (NYSE:KEX) by 14.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,698 shares of the shipping company’s stock after purchasing an additional 9,781 shares during the quarter. Tectonic Advisors LLC’s holdings in Kirby were worth $9,935,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Bank of America Corp DE acquired a new position in Kirby during the second quarter worth about $62,549,000. Hsbc Holdings PLC lifted its position in shares of Kirby by 136.7% during the 2nd quarter. Hsbc Holdings PLC now owns 21,319 shares of the shipping company’s stock valued at $2,899,000 after acquiring an additional 12,311 shares during the period. HighTower Advisors LLC lifted its position in shares of Kirby by 78.0% during the 2nd quarter. HighTower Advisors LLC now owns 35,155 shares of the shipping company’s stock valued at $4,780,000 after acquiring an additional 15,406 shares during the period. Great Lakes Advisors LLC acquired a new stake in shares of Kirby during the 2nd quarter valued at approximately $2,649,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of Kirby during the 2nd quarter worth approximately $9,182,000. Hedge funds and other institutional investors own 96.15% of the company’s stock.

Kirby Price Performance

Shares of KEX traded up $1.49 during mid-day trading on Friday, reaching $132.99. 566,948 shares of the company’s stock were exchanged, compared to its average volume of 521,846. The company has a quick ratio of 1.12, a current ratio of 1.68 and a debt-to-equity ratio of 0.30. Kirby Corporation has a 52-week low of $85.67 and a 52-week high of $157.69. The company has a market cap of $7.02 billion, a price-to-earnings ratio of 20.46, a PEG ratio of 1.18 and a beta of 0.84. The company has a 50-day simple moving average of $137.21 and a two-hundred day simple moving average of $139.95.

Kirby (NYSE:KEX) last posted its earnings results on Wednesday, July 29th. The shipping company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.04. The firm had revenue of $922.40 million for the quarter, compared to analyst estimates of $870.38 million. Kirby had a return on equity of 10.44% and a net margin of 10.18%. Kirby’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.67 EPS. Kirby has set its FY 2026 guidance at 7.280-7.280 EPS. On average, sell-side analysts predict that Kirby Corporation will post 7.10 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Wall Street Zen cut Kirby from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. JPMorgan Chase & Co. assumed coverage on Kirby in a research report on Wednesday, October 14th. They set an “overweight” rating and a $200.00 target price on the stock. Bank of America upped their target price on Kirby from $169.00 to $182.00 and gave the company a “buy” rating in a report on Wednesday, July 8th. BTIG Research restated a “buy” rating and issued a $170.00 price target on shares of Kirby in a research report on Wednesday, July 29th. Finally, Weiss Ratings raised Kirby from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, September 14th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $169.17.

Kirby Company Profile

Kirby Corporation is a Houston-based marine transportation and industrial services company. Through its marine transportation operations, the company is the largest tank barge operator in the United States, transporting bulk liquid products on the nation’s inland and coastal waterways.

Kirby’s marine transportation business carries petrochemicals, refined petroleum products, black oil, agricultural chemicals and other bulk liquids for industrial customers. Its operations primarily serve the U.S.