DXP Enterprises CFO Kent Yee sells $305,702 in stock

HOUSTON—Kent Yee, the Chief Financial Officer of DXP Enterprises Inc. (NASDAQ:DXPE), recently executed a notable transaction involving the company’s common stock. On March 25, Yee sold 3,457 shares at a price of $88.43 per share, amounting to a total sale value of $305,702. Following this transaction, Yee holds 68,849 shares directly. The transaction comes as DXP Enterprises, with a market capitalization of $1.31 billion, shows strong financial health according to InvestingPro metrics, maintaining a healthy current ratio of 2.71.

In a subsequent transaction on March 26, Yee acquired 4,666 shares at a price of $88.40 per share, as part of a grant that vests in equal installments over three years. This acquisition brings Yee’s total holdings to 73,515 shares. The stock has shown remarkable strength, gaining over 62% in the past six months, though InvestingPro analysis suggests it may be trading above its Fair Value.

DXP Enterprises, a Houston-based company specializing in wholesale industrial machinery and equipment, continues to see active trading by its executives. Analysts maintain a positive outlook with a $95 price target. InvestingPro subscribers can access 8 additional key insights about DXPE’s financial health and growth prospects through exclusive ProTips.

In other recent news, DXP Enterprises reported impressive financial results for the fourth quarter of 2024, surpassing earnings expectations. The company achieved an earnings per share (EPS) of $1.38, significantly outperforming the projected $0.86, and generated revenue of $470.9 million, exceeding the anticipated $431 million. For the entire fiscal year 2024, DXP Enterprises saw a 7.4% increase in total sales, reaching $1.8 billion. Stephens, an investment firm, responded to these strong results by raising its price target for DXP Enterprises’ stock from $75 to $95, maintaining an Overweight rating. The company has set a new goal to achieve an 11% adjusted EBITDA margin, building on its consistent financial performance and successful acquisition strategy. In 2024, DXP Enterprises completed seven acquisitions and plans to finalize one to three more by mid-2025. The company’s strategic focus on diversification and expansion into new markets, such as water and safety services, positions it favorably for continued growth. These developments reflect DXP Enterprises’ ongoing efforts to enhance its market position and financial performance.

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