Two Point Capital Management Inc. Buys 95 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Two Point Capital Management Inc. increased its stake in Arrow Electronics, Inc. (NYSE:ARW) by 0.4% in the 2nd quarter, Holdings Channel reports. The firm owned 21,584 shares of the technology company’s stock after purchasing an additional 95 shares during the period. Arrow Electronics accounts for approximately 1.0% of Two Point Capital Management Inc.’s holdings, making the stock its 25th biggest position. Two Point Capital Management Inc.’s holdings in Arrow Electronics were worth $2,606,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Rise Advisors LLC acquired a new stake in shares of Arrow Electronics in the first quarter worth $32,000. Versant Capital Management Inc raised its holdings in Arrow Electronics by 794.6% in the 2nd quarter. Versant Capital Management Inc now owns 331 shares of the technology company’s stock worth $40,000 after acquiring an additional 294 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its position in Arrow Electronics by 76.5% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 346 shares of the technology company’s stock worth $45,000 after acquiring an additional 150 shares during the last quarter. Principal Securities Inc. bought a new stake in Arrow Electronics during the fourth quarter valued at about $56,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Arrow Electronics in the first quarter valued at about $81,000. Institutional investors own 99.34% of the company’s stock.

Arrow Electronics Stock Performance

Shares of NYSE ARW opened at $135.08 on Monday. The firm has a market capitalization of $7.15 billion, a price-to-earnings ratio of 10.62 and a beta of 1.27. Arrow Electronics, Inc. has a one year low of $108.51 and a one year high of $136.93. The business has a fifty day simple moving average of $125.17 and a 200 day simple moving average of $125.33. The company has a current ratio of 1.48, a quick ratio of 1.07 and a debt-to-equity ratio of 0.43.

Arrow Electronics (NYSE:ARW) last released its quarterly earnings data on Thursday, August 1st. The technology company reported $2.78 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.62. The company had revenue of $6.89 billion during the quarter, compared to the consensus estimate of $6.52 billion. Arrow Electronics had a net margin of 1.97% and a return on equity of 12.77%. The firm’s revenue for the quarter was down 19.0% compared to the same quarter last year. During the same period last year, the firm earned $4.37 EPS. Sell-side analysts expect that Arrow Electronics, Inc. will post 10.74 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ARW. The Goldman Sachs Group boosted their price objective on Arrow Electronics from $116.00 to $132.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 28th. Raymond James raised their price objective on shares of Arrow Electronics from $135.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Wells Fargo & Company upped their target price on shares of Arrow Electronics from $100.00 to $110.00 and gave the company an “underweight” rating in a research note on Friday, August 2nd. Finally, Truist Financial raised their price target on shares of Arrow Electronics from $124.00 to $141.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $130.75.

Arrow Electronics Company Profile

Arrow Electronics, Inc provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Global Components and Global Enterprise Computing Solutions.