Two Point Capital Management Inc. Boosts Position in Arrow Electronics, Inc. (NYSE:ARW)

Two Point Capital Management Inc. boosted its position in shares of Arrow Electronics, Inc. (NYSE:ARW) by 2.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,428 shares of the technology company’s stock after purchasing an additional 509 shares during the quarter. Arrow Electronics makes up 1.0% of Two Point Capital Management Inc.’s portfolio, making the stock its 25th biggest holding. Two Point Capital Management Inc.’s holdings in Arrow Electronics were worth $2,675,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. True Wealth Design LLC purchased a new stake in Arrow Electronics during the third quarter worth $31,000. Brooklyn Investment Group purchased a new stake in Arrow Electronics during the third quarter worth $40,000. Capital Performance Advisors LLP purchased a new stake in Arrow Electronics during the third quarter worth $73,000. DekaBank Deutsche Girozentrale purchased a new stake in Arrow Electronics during the third quarter worth $78,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in Arrow Electronics during the third quarter worth $88,000. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on ARW shares. Raymond James cut their price target on Arrow Electronics from $140.00 to $135.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Wells Fargo & Company cut their price target on Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating for the company in a report on Friday, February 7th. Truist Financial cut their price target on Arrow Electronics from $141.00 to $120.00 and set a “hold” rating for the company in a report on Friday, November 1st. Finally, Bank of America cut Arrow Electronics from a “neutral” rating to an “underperform” rating in a report on Friday, February 7th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $121.25.

Arrow Electronics Stock Performance

Arrow Electronics stock opened at $106.88 on Thursday. The firm has a market capitalization of $5.62 billion, a P/E ratio of 14.68 and a beta of 1.26. The stock has a fifty day moving average price of $115.21 and a 200 day moving average price of $123.10. Arrow Electronics, Inc. has a 52 week low of $105.00 and a 52 week high of $137.80. The company has a current ratio of 1.46, a quick ratio of 1.09 and a debt-to-equity ratio of 0.48.

Arrow Electronics (NYSE:ARW) last released its earnings results on Thursday, February 13th. The technology company reported $2.97 EPS for the quarter, beating the consensus estimate of $2.80 by $0.17. Arrow Electronics had a return on equity of 9.69% and a net margin of 1.40%. Equities research analysts anticipate that Arrow Electronics, Inc. will post 12.81 earnings per share for the current year.

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.