Vice President and Controller Ronald Dragg sold 2,313 shares of Kirby Corp (KEX, Financial) on November 7, 2024, as reported in a recent SEC Filing. Following this transaction, the insider now owns 7,683 shares of the company.
Kirby Corp, headquartered in Houston, Texas, operates in the marine transportation and diesel engine services industries. The company is the premier tank barge operator in the United States, transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along all three United States coasts, and in Alaska and Hawaii.
Over the past year, Ronald Dragg has sold a total of 6,694 shares and has not made any purchases of the company's stock. This recent transaction is part of a broader trend seen within Kirby Corp, where there have been 31 insider sells and no insider buys over the past year.
On the date of the sale, shares of Kirby Corp were trading at $127.3. This pricing gives the company a market cap of approximately $7.34 billion. The price-earnings ratio stands at 24.34, which is above the industry median of 14.33.
The stock's valuation metrics show a GF Value of $90.31, indicating that at a price of $127.3, Kirby Corp is significantly overvalued with a price-to-GF-Value ratio of 1.41.
The GF Value is calculated considering historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale could be of interest to current and potential investors, providing insight into how insiders are reacting to the company's stock valuation and market conditions.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
