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HOUSTON—Timothy Halter, a director at DXP Enterprises Inc. (NASDAQ:DXPE), reported a sale of 5,000 shares of the company’s common stock, according to a recent SEC filing. The transaction, dated March 24, 2025, was conducted at a price of $89.75 per share, totaling approximately $448,750. The industrial products supplier, currently valued at $1.35 billion, has seen its stock surge roughly 71% over the past year, according to InvestingPro data.
Following the sale, Halter retains ownership of 45,925 shares in the company. This transaction is part of Halter’s ongoing management of his holdings in DXP Enterprises, a leading supplier of industrial products and services. InvestingPro analysis suggests the stock is currently trading above its Fair Value, with the company maintaining a GREAT financial health score.
Investors often scrutinize insider transactions like these to gauge executive confidence in the company’s future performance. For deeper insights into DXPE’s valuation and eight additional key investment tips, check out the comprehensive Pro Research Report available on InvestingPro.
In other recent news, DXP Enterprises reported strong financial results for the fourth quarter of 2024, with earnings per share (EPS) of $1.38, significantly surpassing the forecasted $0.86. Revenue also exceeded expectations, reaching $470.9 million compared to the anticipated $431 million. The company’s total sales for fiscal 2024 amounted to $1.8 billion, marking a 7.4% increase year-over-year. Stephens, an investment firm, responded by raising its price target for DXP Enterprises stock from $75 to $95, maintaining an Overweight rating due to the company’s strong performance and successful acquisition strategy. DXP Enterprises completed seven acquisitions in 2024 and plans to close an additional one to three by mid-2025. The company has set a new target for an 11% adjusted EBITDA margin, building on its consistent performance and margin improvement. Despite these positive developments, DXP Enterprises’ stock experienced a decline in after-hours trading, which may reflect broader market conditions or investor concerns. The company’s focus on diversifying its end markets and reducing reliance on oil and gas has positioned it favorably for continued growth.
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