Distribution Solutions Group, Inc. (NASDAQ:DSGR – Get Free Report) reached a new 52-week high during mid-day trading on Tuesday. The stock traded as high as $35.10 and last traded at $35.0550, with a volume of 41863 shares. The stock had previously closed at $35.02.
Wall Street Analyst Weigh In
Several analysts have recently commented on the company. Zacks Research upgraded Distribution Solutions Group from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. Stephens set a $35.00 target price on Distribution Solutions Group in a research note on Thursday, July 16th. Weiss Ratings raised Distribution Solutions Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th. Finally, Barrington Research set a $35.00 price target on Distribution Solutions Group and gave the company a “market perform” rating in a research note on Friday, July 17th. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat, Distribution Solutions Group currently has a consensus rating of “Hold” and an average price target of $35.00.
Get Our Latest Stock Analysis on Distribution Solutions Group
Distribution Solutions Group Price Performance
Distribution Solutions Group (NASDAQ:DSGR – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.22 by $0.25. The business had revenue of $557.73 million during the quarter, compared to the consensus estimate of $520.75 million. Distribution Solutions Group had a net margin of 0.44% and a return on equity of 9.33%. Equities research analysts anticipate that Distribution Solutions Group, Inc. will post 1.35 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the company. BlackRock Inc. purchased a new position in Distribution Solutions Group during the 2nd quarter worth approximately $18,750,000. Norwood Investment Partners LP purchased a new stake in shares of Distribution Solutions Group in the 2nd quarter valued at $4,252,597. Nantahala Capital Management LLC purchased a new stake in shares of Distribution Solutions Group in the 2nd quarter valued at $13,526,790. OMERS ADMINISTRATION Corp purchased a new stake in shares of Distribution Solutions Group in the 2nd quarter valued at $1,080,000. Finally, Groupe la Francaise acquired a new stake in shares of Distribution Solutions Group in the first quarter worth $1,222,000. 91.64% of the stock is currently owned by hedge funds and other institutional investors.
About Distribution Solutions Group
Distribution Solutions Group, Inc is a specialty distribution company that provides maintenance, repair, operations (MRO), industrial, electronic production, and supply-chain solutions to businesses. The company serves customers across industries including manufacturing, aerospace and defense, automotive, electronics, utilities, and other commercial and government markets.
Through its operating businesses, Distribution Solutions Group offers products such as industrial and maintenance supplies, safety equipment, fasteners, electrical and electronic components, wire and cable, interconnect products, test and measurement instruments, environmental test chambers, and electronic production supplies.
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