Arrow Electronics, Inc. (NYSE:ARW – Get Rating) Chairman Michael J. Long sold 5,096 shares of the firm’s stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $118.36, for a total value of $603,162.56. Following the transaction, the chairman now directly owns 203,192 shares in the company, valued at approximately $24,049,805.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Arrow Electronics Stock Up 2.2 %
Arrow Electronics stock opened at $117.41 on Friday. Arrow Electronics, Inc. has a fifty-two week low of $89.38 and a fifty-two week high of $134.56. The firm has a market capitalization of $6.84 billion, a price-to-earnings ratio of 5.39, a price-to-earnings-growth ratio of 1.82 and a beta of 1.41. The stock’s fifty day moving average is $119.16 and its two-hundred day moving average is $108.16. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.05 and a current ratio of 1.48.
Arrow Electronics (NYSE:ARW – Get Rating) last issued its quarterly earnings data on Thursday, February 2nd. The technology company reported $5.69 EPS for the quarter, beating analysts’ consensus estimates of $5.68 by $0.01. The firm had revenue of $9.32 billion for the quarter, compared to analysts’ expectations of $9.31 billion. Arrow Electronics had a net margin of 3.84% and a return on equity of 26.96%. The firm’s revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the company earned $5.37 EPS. Analysts predict that Arrow Electronics, Inc. will post 15.8 EPS for the current fiscal year.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
ARW has been the topic of several analyst reports. Raymond James lifted their target price on shares of Arrow Electronics from $125.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, February 3rd. StockNews.com cut Arrow Electronics from a “buy” rating to a “hold” rating in a report on Tuesday. Citigroup upped their price objective on Arrow Electronics from $115.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, February 3rd. Truist Financial boosted their target price on shares of Arrow Electronics from $116.00 to $131.00 and gave the stock a “hold” rating in a research report on Friday, February 3rd. Finally, Wells Fargo & Company upped their price target on shares of Arrow Electronics from $87.00 to $100.00 and gave the stock an “underweight” rating in a research note on Friday, February 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Arrow Electronics has an average rating of “Hold” and an average 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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