9,781 Kirby Corporation $KEX Shares Acquired by Tectonic Advisors LLC

Tectonic Advisors LLC lifted its position in Kirby Corporation (NYSE:KEX) by 14.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 75,698 shares of the shipping company’s stock after purchasing an additional 9,781 shares during the quarter. Tectonic Advisors LLC owned approximately 0.14% of Kirby worth $9,935,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Pension & Wealth Management Advisors Inc. purchased a new stake in Kirby in the third quarter valued at approximately $45,000. Root Financial Partners LLC boosted its holdings in shares of Kirby by 182.9% in the first quarter. Root Financial Partners LLC now owns 430 shares of the shipping company’s stock valued at $57,000 after acquiring an additional 278 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of Kirby by 488.9% in the second quarter. Parkside Financial Bank & Trust now owns 477 shares of the shipping company’s stock valued at $65,000 after acquiring an additional 396 shares during the period. Annis Gardner Whiting Capital Advisors LLC grew its position in shares of Kirby by 18.2% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 520 shares of the shipping company’s stock worth $69,000 after acquiring an additional 80 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its position in shares of Kirby by 18.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,079 shares of the shipping company’s stock worth $119,000 after acquiring an additional 168 shares during the last quarter. 96.15% of the stock is owned by institutional investors and hedge funds.

Kirby Stock Performance

Shares of NYSE KEX traded up $1.49 during mid-day trading on Friday, hitting $132.99. 566,948 shares of the company 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. The stock has a 50 day simple moving average of $137.21 and a 200-day simple moving average of $139.95. Kirby Corporation has a 1-year low of $85.67 and a 1-year high of $157.69. The firm has a market cap of $7.02 billion, a price-to-earnings ratio of 20.46, a price-to-earnings-growth ratio of 1.18 and a beta of 0.84.

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

Analyst Ratings Changes

KEX has been the topic of a number of recent research reports. Weiss Ratings raised shares of Kirby from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, September 14th. BTIG Research reiterated a “buy” rating and set a $170.00 price target on shares of Kirby in a research note on Wednesday, July 29th. Wall Street Zen downgraded shares of Kirby from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. JPMorgan Chase & Co. assumed coverage on shares of Kirby in a research note on Wednesday, October 14th. They issued an “overweight” rating and a $200.00 price objective on the stock. Finally, Citigroup reduced their target price on shares of Kirby from $170.00 to $169.00 and set a “buy” rating for the company in a report on Thursday, October 8th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $169.17.

Kirby 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.