DXP Enterprises (NASDAQ:DXPE) Shares Up 10.4% – Here’s Why

Shares of DXP Enterprises, Inc. (NASDAQ:DXPE) traded up 10.4% during mid-day trading on Friday. The company traded as high as $151.47 and last traded at $146.7440. Approximately 37,590 shares changed hands during trading, a decline of 76% from the average session volume of 154,460 shares. The stock had previously closed at $132.87.

More DXP Enterprises News

Here are the key news stories impacting DXP Enterprises this week:

• Positive Sentiment: Third-quarter revenue was $587.2 million, slightly above the $584.5 million estimate, and sales grew at a double-digit rate. DXPE Q3 2026 deep dive: Margin pressures emerge despite double-digit sales growth
• Negative Sentiment: Adjusted earnings were weaker than expected: DXP reported $1.64 per share versus the $1.79 consensus estimate. The shortfall raises concerns about profitability despite higher sales. DXP Enterprises Q3 earnings results
• Negative Sentiment: Coverage highlights emerging margin pressure and questions about the fourth-quarter outlook. These concerns help explain why the earnings news may weigh on DXPE more than the revenue beat supports it. Is DXP Enterprises Undervalued As Its Earnings Miss Clouds The Q4 Outlook?

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DXPE. Stephens upped their target price on DXP Enterprises from $160.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Wall Street Zen lowered shares of DXP Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 31st. Finally, Weiss Ratings lowered DXP Enterprises from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, October 26th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $187.00.

DXP Enterprises Stock Up 5.7%

The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.58 and a current ratio of 2.99. The company’s 50-day simple moving average is $179.98 and its two-hundred day simple moving average is $161.89. The firm has a market cap of $2.18 billion, a PE ratio of 24.73 and a beta of 1.03.

DXP Enterprises (NASDAQ:DXPE) last issued its quarterly earnings data on Thursday, November 5th. The industrial products company reported $1.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.15). DXP Enterprises had a net margin of 4.35% and a return on equity of 18.51%. The company had revenue of $587.18 million for the quarter, compared to analysts’ expectations of $584.50 million.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp bought a new position in DXP Enterprises during the second quarter valued at approximately $13,566,000. Globeflex Capital L P purchased a new position in DXP Enterprises during the second quarter valued at $6,507,000. Congress Asset Management Co. lifted its position in shares of DXP Enterprises by 21.7% during the 3rd quarter. Congress Asset Management Co. now owns 64,015 shares of the industrial products company’s stock valued at $11,600,000 after buying an additional 11,423 shares in the last quarter. SummerHaven Investment Management LLC boosted its position in shares of DXP Enterprises by 110.6% in the third quarter. SummerHaven Investment Management LLC now owns 17,271 shares of the industrial products company’s stock worth $3,130,000 after purchasing an additional 9,070 shares during the period. Finally, Diversify Wealth Management LLC bought a new position in DXP Enterprises in the 1st quarter worth $1,226,000. Hedge funds and other institutional investors own 74.82% of the company’s stock.

About DXP Enterprises

DXP Enterprises, Inc is an industrial distribution and services company headquartered in Houston, Texas. The company supplies maintenance, repair and operating products used by industrial, commercial and government customers, with an emphasis on rotating equipment, fluid handling and related industrial applications.

Its product offerings include pumps, valves, bearings, power-transmission components, hose and rubber products, industrial supplies, safety equipment and other maintenance products.