Insider Selling: Hugh H. Mcconnell Sells 10,700 Shares of DXP Enterprises Stock (DXPE)
DXP Enterprises (NASDAQ:DXPE) CFO Hugh H. Mcconnell sold 10,700 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $106.92, for a total transaction of $1,144,044.00. Following the transaction, the chief financial officer now directly owns 170,570 shares of the company’s stock, valued at approximately $18,237,344. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
DXP Enterprises (NASDAQ:DXPE) traded down 3.24% on Monday, hitting $104.29. 91,494 shares of the company’s stock traded hands. DXP Enterprises has a 1-year low of $50.52 and a 1-year high of $116.88. The stock’s 50-day moving average is $104.6 and its 200-day moving average is $83.19. The company has a market cap of $1.483 billion and a P/E ratio of 28.65.
DXP Enterprises (NASDAQ:DXPE) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.05. The company had revenue of $329.70 million for the quarter, compared to the consensus estimate of $322.11 million. During the same quarter in the prior year, the company posted $0.86 earnings per share. The company’s quarterly revenue was up 13.7% on a year-over-year basis. On average, analysts predict that DXP Enterprises will post $3.90 earnings per share for the current fiscal year.
A number of research firms have recently commented on DXPE. Analysts at Ascendiant Capital Markets downgraded shares of DXP Enterprises from a “buy” rating to a “neutral” rating in a research note to investors on Friday, November 22nd.
DXP Enterprises, Inc (NASDAQ:DXPE) is engaged in the business of distributing maintenance, repair and operating (MRO) products, equipment and service to industrial customers.
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