Lodge Hill Capital LLC Makes New $1.35 Million Investment in Matson, Inc. (NYSE:MATX)

Lodge Hill Capital LLC bought a new stake in Matson, Inc. (NYSE:MATX - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 10,000 shares of the shipping company's stock, valued at approximately $1,348,000. Matson comprises 0.4% of Lodge Hill Capital LLC's holdings, making the stock its 20th biggest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bessemer Group Inc. boosted its position in Matson by 67.7% during the fourth quarter. Bessemer Group Inc. now owns 213 shares of the shipping company's stock valued at $29,000 after purchasing an additional 86 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Matson in the 4th quarter worth $30,000. IFP Advisors Inc bought a new stake in shares of Matson in the 4th quarter worth approximately $40,000. Covestor Ltd raised its stake in shares of Matson by 16.3% in the 4th quarter. Covestor Ltd now owns 586 shares of the shipping company's stock valued at $79,000 after buying an additional 82 shares in the last quarter. Finally, U S Global Investors Inc. acquired a new stake in Matson during the fourth quarter valued at approximately $111,000. Institutional investors own 84.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Stephens raised their price target on shares of Matson from $165.00 to $175.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Stifel Nicolaus raised their price objective on shares of Matson from $150.00 to $160.00 and gave the stock a "hold" rating in a research report on Wednesday, February 26th.

Matson Trading Up 2.2 %

Matson stock traded up $2.04 during trading hours on Tuesday, reaching $96.54. 61,865 shares of the company's stock were exchanged, compared to its average volume of 299,771. The firm has a market capitalization of $3.17 billion, a PE ratio of 8.01 and a beta of 1.12. Matson, Inc. has a twelve month low of $91.48 and a twelve month high of $169.12. The firm's 50 day simple moving average is $126.05 and its 200 day simple moving average is $137.46. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.14.

Matson (NYSE:MATX - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The shipping company reported $3.80 EPS for the quarter, topping the consensus estimate of $3.20 by $0.60. The firm had revenue of $890.30 million during the quarter, compared to the consensus estimate of $851.78 million. Matson had a return on equity of 16.89% and a net margin of 12.37%. Research analysts predict that Matson, Inc. will post 13.27 earnings per share for the current year.

Matson Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Thursday, February 6th were issued a dividend of $0.34 per share. The ex-dividend date was Thursday, February 6th. This represents a $1.36 dividend on an annualized basis and a yield of 1.41%. Matson's dividend payout ratio (DPR) is 9.69%.

Insider Activity

In related news, SVP Richard S. Kinney sold 1,997 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $137.11, for a total transaction of $273,808.67. Following the transaction, the senior vice president now owns 8,425 shares in the company, valued at $1,155,151.75. The trade was a 19.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John P. Lauer sold 7,985 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $134.73, for a total transaction of $1,075,819.05. Following the transaction, the executive vice president now owns 25,192 shares in the company, valued at $3,394,118.16. This represents a 24.07 % decrease in their position. The disclosure for this sale can be found here. 2.05% of the stock is owned by company insiders.

Matson Company Profile

Matson, Inc, together with its subsidiaries, engages in the provision of ocean transportation and logistics services. It operates through two segments, Ocean Transportation and Logistics. The Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Japan, Alaska, and Guam, as well as to other island economies in Micronesia.