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HOUSTON—Paz Maestas, Chief Marketing Officer and Chief Technology Officer at DXP Enterprises Inc. (NASDAQ:DXPE), has recently sold a portion of the company’s stock. According to a recent SEC filing, Maestas sold 4,328 shares of DXP common stock on March 19, 2025. The shares were sold at a price of $89.04 each, totaling approximately $385,365. The sale comes amid the stock’s strong performance, with InvestingPro data showing a 70% return over the past year and a significant 69% gain in the last six months.
Following this transaction, Maestas holds 613,039 shares in the company. The sale was conducted as a direct transaction and does not involve any equity swaps. According to InvestingPro analysis, DXP currently trades at a P/E ratio of 19.8x and shows strong financial health with a current ratio of 2.7x, indicating robust liquidity.
DXP Enterprises, a Houston-based company with a market capitalization of $1.38 billion, specializes in the wholesale distribution of industrial machinery and equipment. The company maintains healthy profitability with a gross margin of 31% and is expected to grow revenues by 10% in fiscal year 2025, according to InvestingPro forecasts.
In other recent news, DXP Enterprises reported impressive financial results for the fourth quarter of 2024, with earnings per share (EPS) of $1.38, significantly exceeding the forecasted $0.86. Revenue also surpassed expectations, reaching $470.9 million against an anticipated $431 million. For the entire fiscal year 2024, the company achieved total sales of $1.8 billion, marking a 7.4% increase from the previous year. Stephens, an investment firm, responded to these results by raising its price target for DXP Enterprises from $75 to $95, maintaining an Overweight rating. The firm’s confidence is bolstered by DXP Enterprises’ consistent adjusted EBITDA margin, which exceeded 10% for the second consecutive year, with a new target of 11% set for the future.
Additionally, DXP Enterprises completed seven acquisitions in 2024 and plans to pursue one to three more by mid-2025, further supporting its growth strategy. The company’s diversification into markets like water and safety services has helped reduce its reliance on oil and gas, contributing to its robust financial performance. Analysts from Stephens have acknowledged the company’s successful acquisition strategy as a key factor in its ongoing momentum. Despite these strong financial indicators, DXP Enterprises’ stock experienced a decline in after-hours trading, which may be attributed to broader market conditions. Nonetheless, the company’s forward-looking guidance remains positive, with expectations of continued EPS and revenue growth in the coming years.
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