Insider Buying: Arrow Electronics, Inc. (NYSE:ARW) Director Buys 1,900 Shares of Stock

Arrow Electronics, Inc. (NYSE:ARW) Director William F. Austen bought 1,900 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average price of $104.12 per share, with a total value of $197,828.00. Following the transaction, the director now directly owns 7,858 shares in the company, valued at $818,174.96. This trade represents a 31.89 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Arrow Electronics Stock Performance

ARW stock opened at $104.74 on Friday. The business’s 50-day moving average price is $111.47 and its two-hundred day moving average price is $120.31. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48. The firm has a market cap of $5.46 billion, a PE ratio of 14.39, a P/E/G ratio of 0.52 and a beta of 1.26. Arrow Electronics, Inc. has a 1-year low of $101.78 and a 1-year high of $137.80.

Arrow Electronics (NYSE:ARW) last posted its earnings results on Thursday, February 13th. The technology company reported $2.97 earnings per share for the quarter, topping 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%. As a group, research analysts forecast that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on ARW shares. Wells Fargo & Company cut their target price on Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating for the company in a research report on Friday, February 7th. Bank of America downgraded Arrow Electronics from a “neutral” rating to an “underperform” rating in a research report on Friday, February 7th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $121.25.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ARW. BOK Financial Private Wealth Inc. bought a new position in Arrow Electronics during the fourth quarter worth about $25,000. True Wealth Design LLC bought a new stake in shares of Arrow Electronics in the third quarter valued at about $31,000. Brown Brothers Harriman & Co. bought a new stake in shares of Arrow Electronics in the fourth quarter valued at about $31,000. Brooklyn Investment Group bought a new stake in shares of Arrow Electronics in the third quarter valued at about $40,000. Finally, New Age Alpha Advisors LLC bought a new stake in shares of Arrow Electronics in the fourth quarter valued at about $47,000. 99.34% of the stock is currently owned by institutional investors.

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.