DXP Enterprises (NASDAQ:DXPE – Get Free Report) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Saturday, Wall Street Zen reports.
Other research analysts have also issued research reports about the company. Weiss Ratings lowered DXP Enterprises from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, October 26th. Stephens increased their target price on DXP Enterprises from $160.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, DXP Enterprises presently has an average rating of “Moderate Buy” and a consensus target price of $187.00.
Check Out Our Latest Report on DXP Enterprises
DXP Enterprises Stock Performance
Shares of NASDAQ DXPE opened at $174.46 on Friday. The stock has a market cap of $2.71 billion, a price-to-earnings ratio of 30.71 and a beta of 1.04. DXP Enterprises has a twelve month low of $84.04 and a twelve month high of $208.00. The company’s fifty day moving average is $182.21 and its 200-day moving average is $161.03. The company has a quick ratio of 2.58, a current ratio of 2.99 and a debt-to-equity ratio of 1.51.
DXP Enterprises (NASDAQ:DXPE – Get Free Report) last posted its earnings results on Wednesday, August 5th. The industrial products company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.17. The company had revenue of $576.46 million during the quarter, compared to the consensus estimate of $543.00 million. DXP Enterprises had a return on equity of 18.51% and a net margin of 4.35%.
Hedge Funds Weigh In On DXP Enterprises
A number of hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp acquired a new position in DXP Enterprises in the 2nd quarter valued at $13,566,000. Globeflex Capital L P purchased a new position in DXP Enterprises in the 2nd quarter valued at approximately $6,507,000. Congress Asset Management Co. grew its position in shares of DXP Enterprises by 21.7% during the third quarter. Congress Asset Management Co. now owns 64,015 shares of the industrial products company’s stock worth $11,600,000 after buying an additional 11,423 shares in the last quarter. SummerHaven Investment Management LLC increased its position in shares of DXP Enterprises by 110.6% in the 3rd quarter. SummerHaven Investment Management LLC now owns 17,271 shares of the industrial products company’s stock valued at $3,130,000 after purchasing an additional 9,070 shares during the last quarter. Finally, Diversify Wealth Management LLC acquired a new position in shares of DXP Enterprises during the first quarter worth $1,226,000. Hedge funds and other institutional investors own 74.82% of the company’s stock.
DXP Enterprises Company Profile
DXP Enterprises, Inc is an industrial distribution and services company headquartered in Houston, Texas. The company supplies maintenance, repair and operating products used by industrial, commercial and government customers, with an emphasis on rotating equipment, fluid handling and related industrial applications.
Its product offerings include pumps, valves, bearings, power-transmission components, hose and rubber products, industrial supplies, safety equipment and other maintenance products.
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