Lakewood Capital Management LP acquired a new stake in shares of Arrow Electronics, Inc. (NYSE:ARW – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 176,360 shares of the technology company’s stock, valued at approximately $37,637,000. Arrow Electronics makes up about 1.9% of Lakewood Capital Management LP’s investment portfolio, making the stock its 20th biggest position.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bayban purchased a new position in Arrow Electronics during the first quarter valued at $26,000. Northwestern Mutual Wealth Management Co. increased its holdings in Arrow Electronics by 112.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 248 shares of the technology company’s stock valued at $27,000 after acquiring an additional 131 shares during the last quarter. Transamerica Financial Advisors LLC purchased a new stake in Arrow Electronics in the 4th quarter worth $27,000. Keating Financial Advisory Services Inc. purchased a new stake in Arrow Electronics in the 2nd quarter worth $28,000. Finally, Advisory Services Network LLC bought a new position in shares of Arrow Electronics during the 3rd quarter valued at about $31,000. Institutional investors own 99.34% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on ARW. Wall Street Zen upgraded Arrow Electronics from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 25th. Weiss Ratings reissued a “buy (b-)” rating on shares of Arrow Electronics in a research note on Friday. Truist Financial cut their price target on Arrow Electronics from $260.00 to $250.00 and set a “buy” rating for the company in a report on Friday, August 7th. Zacks Research downgraded Arrow Electronics from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 3rd. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $250.00 price objective on shares of Arrow Electronics in a report on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $233.25.
Arrow Electronics Stock Performance
Shares of NYSE:ARW opened at $201.87 on Tuesday. The firm has a fifty day simple moving average of $212.75 and a two-hundred day simple moving average of $187.65. Arrow Electronics, Inc. has a 52 week low of $101.79 and a 52 week high of $237.33. The company has a quick ratio of 1.01, a current ratio of 1.22 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $10.28 billion, a P/E ratio of 12.90, a PEG ratio of 0.32 and a beta of 1.20.
Arrow Electronics (NYSE:ARW – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The technology company reported $5.45 EPS for the quarter, beating analysts’ consensus estimates of $4.45 by $1.00. The firm had revenue of $9.99 billion during the quarter, compared to the consensus estimate of $9.67 billion. Arrow Electronics had a net margin of 2.26% and a return on equity of 13.41%. The firm’s revenue for the quarter was up 31.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.43 EPS. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. On average, analysts expect that Arrow Electronics, Inc. will post 20.44 earnings per share for the current fiscal year.
Arrow Electronics announced that its board has initiated a stock repurchase plan on Wednesday, May 13th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the technology company to purchase up to 9.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.
Arrow Electronics Profile
Arrow Electronics (NYSE: ARW) is a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. The company offers a broad portfolio of semiconductors, passives, connectors, electromechanical devices and embedded solutions, serving customers across diverse end markets including automotive, communications, computing, aerospace, defense and healthcare. Through its extensive supplier relationships, Arrow enables design engineers to identify and procure components required for the development of new electronic systems and devices.
In addition to component distribution, Arrow delivers value-added services such as design engineering support, supply chain management, global logistics and technical training.
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