Arrow Electronics, Inc. (NYSE:ARW – Get Free Report)’s stock price hit a new 52-week high on Monday after an insider bought additional shares in the company. The stock traded as high as $161.03 and last traded at $158.81, with a volume of 44459 shares changing hands. The stock had previously closed at $157.03.
Specifically, CEO William F. Austen acquired 3,960 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was acquired at an average price of $151.87 per share, with a total value of $601,405.20. Following the acquisition, the chief executive officer directly owned 44,722 shares in the company, valued at $6,791,930.14. This represents a 9.71% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on ARW. Wall Street Zen raised shares of Arrow Electronics from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Truist Financial increased their price objective on Arrow Electronics from $120.00 to $148.00 and gave the company a “hold” rating in a research note on Friday, February 6th. Wells Fargo & Company upped their price target on Arrow Electronics from $94.00 to $115.00 and gave the company an “underweight” rating in a research report on Friday, February 6th. Finally, Zacks Research raised Arrow Electronics from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $124.33.
Arrow Electronics Stock Up 1.6%
The stock has a market capitalization of $8.15 billion, a price-to-earnings ratio of 14.59, a P/E/G ratio of 0.79 and a beta of 1.04. The business has a 50-day moving average of $127.28 and a 200-day moving average of $121.41. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.09 and a current ratio of 1.36.
Arrow Electronics (NYSE:ARW – Get Free Report) last announced its earnings results on Thursday, February 5th. The technology company reported $4.39 earnings per share for the quarter, topping the consensus estimate of $3.55 by $0.84. Arrow Electronics had a net margin of 1.85% and a return on equity of 9.01%. The company had revenue of $8.75 billion during the quarter, compared to analyst estimates of $8.16 billion. During the same quarter last year, the firm posted $2.97 earnings per share. Arrow Electronics’s revenue was up 20.1% compared to the same quarter last year. Arrow Electronics has set its Q1 2026 guidance at 2.130-2.330 EPS. On average, sell-side analysts expect that Arrow Electronics, Inc. will post 10.57 EPS for the current year.
Institutional Trading of Arrow Electronics
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. ACR Alpine Capital Research LLC boosted its position in shares of Arrow Electronics by 2,391.7% during the second quarter. ACR Alpine Capital Research LLC now owns 2,156,373 shares of the technology company’s stock worth $274,787,000 after buying an additional 2,069,832 shares during the period. AQR Capital Management LLC lifted its stake in Arrow Electronics by 130.9% during the 2nd quarter. AQR Capital Management LLC now owns 2,313,997 shares of the technology company’s stock worth $294,873,000 after acquiring an additional 1,311,972 shares in the last quarter. Brandes Investment Partners LP boosted its holdings in Arrow Electronics by 1,412.3% during the 4th quarter. Brandes Investment Partners LP now owns 409,461 shares of the technology company’s stock valued at $45,115,000 after acquiring an additional 382,385 shares during the period. FIL Ltd grew its position in Arrow Electronics by 33.8% in the 4th quarter. FIL Ltd now owns 1,231,833 shares of the technology company’s stock valued at $135,723,000 after acquiring an additional 310,936 shares in the last quarter. Finally, Boston Partners increased its stake in Arrow Electronics by 12.5% during the second quarter. Boston Partners now owns 2,739,427 shares of the technology company’s stock worth $348,518,000 after purchasing an additional 305,182 shares during the period. Hedge funds and other institutional investors own 99.34% of the company’s stock.
About Arrow Electronics
Arrow Electronics (NYSE: ARW) is a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. The company offers a broad portfolio of semiconductors, passives, connectors, electromechanical devices and embedded solutions, serving customers across diverse end markets including automotive, communications, computing, aerospace, defense and healthcare. Through its extensive supplier relationships, Arrow enables design engineers to identify and procure components required for the development of new electronic systems and devices.
In addition to component distribution, Arrow delivers value-added services such as design engineering support, supply chain management, global logistics and technical training.
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