Arrow Electronics, Inc. (NYSE:ARW – Get Rating) insider Kristin Diana Russell sold 10,306 shares of Arrow Electronics stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $117.70, for a total transaction of $1,213,016.20. Following the sale, the insider now directly owns 14,535 shares in the company, valued at approximately $1,710,769.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Arrow Electronics Stock Up 0.9 %
Shares of ARW opened at $120.18 on Friday. The firm has a market cap of $7.00 billion, a P/E ratio of 5.52, a price-to-earnings-growth ratio of 1.87 and a beta of 1.41. Arrow Electronics, Inc. has a 12-month low of $89.38 and a 12-month high of $134.56. The company’s 50-day moving average price is $116.32 and its 200 day moving average price is $107.68. The company has a current ratio of 1.48, a quick ratio of 1.05 and a debt-to-equity ratio of 0.57.
Arrow Electronics (NYSE:ARW – Get Rating) last issued its quarterly earnings results on Thursday, February 2nd. The technology company reported $5.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.68 by $0.01. The company had revenue of $9.32 billion for the quarter, compared to analyst estimates of $9.31 billion. Arrow Electronics had a net margin of 3.84% and a return on equity of 26.96%. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.37 earnings per share. On average, sell-side analysts forecast that Arrow Electronics, Inc. will post 15.8 earnings per share for the current year.
Institutional Trading of Arrow Electronics
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on the company. The Goldman Sachs Group lifted their price target on Arrow Electronics from $111.00 to $126.00 and gave the stock a “neutral” rating in a report on Monday, February 6th. Truist Financial lifted their price target on Arrow Electronics from $116.00 to $131.00 and gave the stock a “hold” rating in a report on Friday, February 3rd. Citigroup lifted their price target on Arrow Electronics from $115.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, February 3rd. Raymond James lifted their price target on Arrow Electronics from $125.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, February 3rd. Finally, Wells Fargo & Company lifted their price target on Arrow Electronics from $87.00 to $100.00 and gave the stock an “underweight” rating in a report on Friday, February 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $125.33.
Arrow Electronics Company Profile
Arrow Electronics, Inc engages in the provision of products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions. It operates under the Global Components Business and Global Enterprise Computing Solutions (Global ECS) segments. The Global Components segment focuses on marketing and distribution of electronic components enabled by a comprehensive range of value-added capabilities and services.
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