DXP Enterprises (NASDAQ:DXPE) Sets New 52-Week High – Should You Buy?

DXP Enterprises, Inc. (NASDAQ:DXPE) reached a new 52-week high on Friday . The stock traded as high as $130.41 and last traded at $130.16, with a volume of 52313 shares. The stock had previously closed at $127.63.

Analyst Upgrades and Downgrades

DXPE has been the subject of several recent analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of DXP Enterprises in a research note on Saturday, September 27th. Singular Research upgraded DXP Enterprises to a “moderate buy” rating in a report on Tuesday, September 9th. Finally, Wall Street Zen downgraded shares of DXP Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 13th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $95.00.

DXP Enterprises Stock Performance

The stock has a 50-day moving average of $118.48 and a 200 day moving average of $97.19. The firm has a market capitalization of $1.99 billion, a P/E ratio of 24.23 and a beta of 1.16. The company has a debt-to-equity ratio of 1.33, a quick ratio of 2.33 and a current ratio of 2.79.

DXP Enterprises (NASDAQ:DXPE) last posted its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.04. The company had revenue of $498.68 million for the quarter, compared to analyst estimates of $499.00 million. DXP Enterprises had a return on equity of 20.94% and a net margin of 4.52%. On average, research analysts anticipate that DXP Enterprises, Inc. will post 4.07 earnings per share for the current year.

Insider Activity

In other DXP Enterprises news, SVP John Jay Jeffery sold 2,000 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $125.43, for a total value of $250,860.00. Following the completion of the sale, the senior vice president owned 20,008 shares in the company, valued at approximately $2,509,603.44. This trade represents a 9.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Christopher T. Gregory sold 4,477 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $119.76, for a total transaction of $536,165.52. Following the transaction, the insider owned 19,959 shares in the company, valued at $2,390,289.84. The trade was a 18.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,316 shares of company stock worth $4,960,704. 22.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On DXP Enterprises

Several institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC raised its position in shares of DXP Enterprises by 3,507.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 469 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 456 shares during the last quarter. GAMMA Investing LLC boosted its stake in DXP Enterprises by 24.3% during the 2nd quarter. GAMMA Investing LLC now owns 634 shares of the industrial products company’s stock worth $56,000 after acquiring an additional 124 shares during the last quarter. CWM LLC grew its holdings in DXP Enterprises by 32.2% during the first quarter. CWM LLC now owns 1,487 shares of the industrial products company’s stock valued at $122,000 after purchasing an additional 362 shares during the period. Tower Research Capital LLC TRC increased its stake in DXP Enterprises by 498.7% in the second quarter. Tower Research Capital LLC TRC now owns 1,802 shares of the industrial products company’s stock valued at $158,000 after purchasing an additional 1,501 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in DXP Enterprises in the first quarter worth $210,000. Institutional investors and hedge funds 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).