DXP Enterprises (NASDAQ:DXPE) Sets New 12-Month High – Still a Buy?

DXP Enterprises, Inc. (NASDAQ:DXPE) hit a new 52-week high during trading on Friday . The stock traded as high as $87.30 and last traded at $87.30, with a volume of 2332 shares traded. The stock had previously closed at $84.75.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Stephens lifted their price target on DXP Enterprises from $65.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. StockNews.com downgraded DXP Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, December 20th.

DXP Enterprises Stock Performance

The stock has a 50-day simple moving average of $75.97 and a 200-day simple moving average of $59.31. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 23.45 and a beta of 1.67. The company has a current ratio of 2.22, a quick ratio of 1.78 and a debt-to-equity ratio of 1.29.

DXP Enterprises (NASDAQ:DXPE) last announced its earnings results on Monday, November 4th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.48. The company had revenue of $472.94 million for the quarter. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%. During the same period in the previous year, the company earned $0.93 earnings per share. On average, analysts anticipate that DXP Enterprises, Inc. will post 4.07 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Christopher T. Gregory sold 1,000 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $73.10, for a total value of $73,100.00. Following the completion of the transaction, the insider now owns 29,606 shares of the company’s stock, valued at approximately $2,164,198.60. This represents a 3.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 22.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Quantbot Technologies LP bought a new position in DXP Enterprises during the third quarter valued at about $41,000. Quest Partners LLC lifted its holdings in shares of DXP Enterprises by 24.8% during the second quarter. Quest Partners LLC now owns 2,109 shares of the industrial products company’s stock valued at $97,000 after purchasing an additional 419 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of DXP Enterprises during the third quarter valued at $197,000. Jane Street Group LLC lifted its holdings in shares of DXP Enterprises by 9.6% during the third quarter. Jane Street Group LLC now owns 5,915 shares of the industrial products company’s stock valued at $316,000 after purchasing an additional 517 shares during the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in shares of DXP Enterprises during the second quarter valued at $437,000. Institutional investors own 74.82% of the company’s stock.

DXP Enterprises Company Profile

DXP Enterprises, Inc, together with its subsidiaries, engages in distributing maintenance, repair, and operating (MRO) products, equipment, and services in the United States and Canada. It operates through three segments: Service Centers (SC), Supply Chain Services (SCS), and Innovative Pumping Solutions (IPS).