at nearly 270,000 acres, the historic tejon ranch is the largest contiguous expanse of private land in california. its 422 square miles make it about as large as the city of los angeles and about 40% the size of rhode island. the property is located along interstate 5, approximately 60 miles north of los angeles and 30 miles south of bakersfield. tejon ranch was founded in 1843 as a mexican land grant. in the decades that followed, the ranch grew in size as additional land grants were purchased by tejon’s founder, general edward fitzgerald beale, a historic figure in early california. today, the 270,000-acre ranch is the principal asset of tejon ranch company, which was incorporated in 1936. the company’s stock is traded on the new york stock exchange under the symbol trc.
![Tejon Ranch logo](/files/LOGO/96869-TRC.png)
Company profile
Ticker
TRC
Exchange
Website
CEO
Gregory Bielli
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
A. Registrant: Tejon Ranch Co. ...
IRS number
770196136
TRC stock data
Latest filings (excl ownership)
PX14A6G
Letter to shareholders
20 May 24
8-K
Submission of Matters to a Vote of Security Holders
16 May 24
PX14A6G
Letter to shareholders
9 May 24
10-Q
2024 Q1
Quarterly report
7 May 24
PX14A6G
Letter to shareholders
18 Apr 24
ARS
2023 FY
Annual report to shareholders
28 Mar 24
DEFA14A
Additional proxy soliciting materials
28 Mar 24
DEF 14A
Definitive proxy
28 Mar 24
10-K
2023 FY
Annual report
6 Mar 24
8-K
Tejon Ranch Co. Secures Significant New Unsecured Revolving Credit Facility
20 Nov 23
Latest ownership filings
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 36.05 mm | 36.05 mm | 36.05 mm | 36.05 mm | 36.05 mm | 36.05 mm |
Cash burn (monthly) | (no burn) | 402.25 k | 1.33 mm | 528.17 k | (no burn) | (no burn) |
Cash used (since last report) | n/a | 1.56 mm | 5.13 mm | 2.04 mm | n/a | n/a |
Cash remaining | n/a | 34.50 mm | 30.92 mm | 34.01 mm | n/a | n/a |
Runway (months of cash) | n/a | 85.8 | 23.3 | 64.4 | n/a | n/a |
Institutional ownership, Q1 2024
19.1% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 31 |
Opened positions | 24 |
Closed positions | 2 |
Increased positions | 2 |
Reduced positions | 2 |
13F shares | Current |
---|---|
Total value | 78.82 bn |
Total shares | 5.13 mm |
Total puts | 14.40 k |
Total calls | 0.00 |
Total put/call ratio | Infinity |
Largest owners | Shares | Value |
---|---|---|
Towerview | 3.85 mm | $59.26 bn |
Foundation Resource Management | 482.77 k | $7.44 bn |
BK Bank Of New York Mellon | 332.43 k | $5.12 bn |
Oppenheimer & Close | 128.98 k | $1.99 bn |
Mad River Investors | 89.90 k | $1.39 bn |
Reik & Co. | 46.88 k | $722.41 mm |
Swiss National Bank | 42.18 k | $649.99 mm |
Assenagon Asset Management | 40.50 k | $624.11 mm |
Accordant Advisory | 29.97 k | $461.84 mm |
State Board Of Administration Of Florida Retirement System | 22.31 k | $407.51 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
8 Jul 24 | Daniel R Tisch | Common Stock | Grant | Acquire A | No | No | 17.06 | 1,422 | 24.26 k | 75,602 |
8 Jul 24 | Betts Steven A. | Tejon Ranch Co. Common Stock | Grant | Acquire A | No | No | 17.06 | 1,056 | 18.02 k | 41,710 |
8 Jul 24 | Leggio Anthony L. | Tejon Ranch Co. Common Stock | Grant | Acquire A | No | No | 17.06 | 1,056 | 18.02 k | 49,108 |
8 Jul 24 | Metcalfe Norman J | Tejon Ranch Co. Common Stock | Grant | Acquire A | Yes | No | 17.06 | 1,203 | 20.52 k | 81,527 |
8 Jul 24 | Stack Geoffrey L | Tejon Ranch Co. Common Stock | Grant | Acquire A | Yes | No | 17.06 | 1,642 | 28.01 k | 96,279 |
Press releases
GLENBROOK CAPITAL MANAGEMENT RELEASES OPEN LETTER TO TEJON RANCH BOARD CALLING FOR TRANSPARENCY
23 May 24
Nitor Capital Management Thanks Fellow Stockholders for Sending Clear Message to Tejon Ranch Board
20 May 24
Nitor Capital Management Commends Tejon Ranch Stockholders for Withholding Support for Certain Directors and Voting Against Executive Compensation at Upcoming Annual Meeting
9 May 24
Tejon Ranch Co. Announces First Quarter 2024 Financial Results
7 May 24