Inspire Investing LLC Acquires 1,370 Shares of Tidewater Inc. $TDW

Inspire Investing LLC raised its holdings in shares of Tidewater Inc. (NYSE:TDW) by 17.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,341 shares of the oil and gas company’s stock after purchasing an additional 1,370 shares during the quarter. Inspire Investing LLC’s holdings in Tidewater were worth $395,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its position in Tidewater by 2,321.4% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 678 shares of the oil and gas company’s stock valued at $29,000 after purchasing an additional 650 shares during the last quarter. Bogart Wealth LLC bought a new position in Tidewater during the first quarter valued at $30,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in Tidewater during the first quarter valued at $40,000. Caitong International Asset Management Co. Ltd lifted its position in Tidewater by 2,510.5% during the first quarter. Caitong International Asset Management Co. Ltd now owns 992 shares of the oil and gas company’s stock valued at $42,000 after purchasing an additional 954 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of Tidewater by 33.3% in the 1st quarter. Signaturefd LLC now owns 1,128 shares of the oil and gas company’s stock worth $48,000 after acquiring an additional 282 shares during the last quarter. Institutional investors own 95.13% of the company’s stock.

Insider Activity at Tidewater

In other news, EVP Daniel A. Hudson sold 10,000 shares of the business’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $57.56, for a total value of $575,600.00. Following the completion of the sale, the executive vice president owned 75,986 shares in the company, valued at approximately $4,373,754.16. The trade was a 11.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 6.60% of the company’s stock.

Tidewater Trading Down 0.4%

NYSE:TDW opened at $59.26 on Monday. Tidewater Inc. has a one year low of $31.17 and a one year high of $79.43. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.04 and a current ratio of 2.11. The firm has a market cap of $2.93 billion, a P/E ratio of 15.35 and a beta of 1.09. The firm has a 50-day simple moving average of $54.99 and a 200-day simple moving average of $45.94.

Tidewater (NYSE:TDW) last posted its quarterly earnings results on Monday, August 4th. The oil and gas company reported $1.23 EPS for the quarter, beating the consensus estimate of $0.28 by $0.95. Tidewater had a net margin of 14.62% and a return on equity of 16.74%. The business had revenue of $341.43 million during the quarter, compared to analyst estimates of $317.28 million. During the same quarter in the previous year, the business posted $0.94 EPS. The company’s quarterly revenue was up .6% compared to the same quarter last year. Tidewater has set its FY 2025 guidance at EPS. Equities analysts anticipate that Tidewater Inc. will post 3.25 EPS for the current fiscal year.

Tidewater announced that its board has approved a stock repurchase plan on Monday, August 4th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the oil and gas company to buy up to 21.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

TDW has been the subject of several analyst reports. Evercore ISI raised their target price on shares of Tidewater from $60.00 to $67.00 and gave the stock an “in-line” rating in a report on Wednesday, August 6th. Zacks Research upgraded shares of Tidewater from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 13th. Finally, BTIG Research lowered shares of Tidewater from a “buy” rating to a “neutral” rating in a report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Tidewater presently has an average rating of “Moderate Buy” and an average target price of $69.00.

Tidewater Profile

Tidewater Inc, together with its subsidiaries, provides offshore support vessels and marine support services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide. It provides services in support of offshore oil and gas exploration, field development, and production, as well as windfarm development and maintenance, including towing of and anchor handling for mobile offshore drilling units; transporting supplies and personnel necessary to sustain drilling, workover, and production activities; offshore construction, and seismic and subsea support; geotechnical survey support for windfarm construction; and various specialized services, such as pipe and cable laying.