Distribution Solutions Group (NASDAQ:DSGR) Hits New 12-Month High – Still a Buy?

Distribution Solutions Group, Inc. (NASDAQ:DSGR)’s stock price reached a new 52-week high during trading on Tuesday. The stock traded as high as $35.10 and last traded at $35.0550, with a volume of 41863 shares trading hands. The stock had previously closed at $35.02.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Zacks Research raised Distribution Solutions Group from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. Stephens set a $35.00 price target on shares of Distribution Solutions Group in a report on Thursday, July 16th. Barrington Research set a $35.00 price objective on Distribution Solutions Group and gave the company a “market perform” rating in a research note on Friday, July 17th. Finally, Weiss Ratings raised Distribution Solutions Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, July 28th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Distribution Solutions Group currently has a consensus rating of “Hold” and an average target price of $35.00.

Distribution Solutions Group Stock Performance

The company has a market capitalization of $1.62 billion, a P/E ratio of 184.50 and a beta of 0.53. The company has a current ratio of 2.54, a quick ratio of 1.39 and a debt-to-equity ratio of 1.06. The company’s fifty day moving average is $34.80 and its 200 day moving average is $30.27.

Distribution Solutions Group (NASDAQ:DSGR) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.25. Distribution Solutions Group had a return on equity of 9.33% and a net margin of 0.44%.The business had revenue of $557.73 million for the quarter, compared to analysts’ expectations of $520.75 million. As a group, equities analysts anticipate that Distribution Solutions Group, Inc. will post 1.35 earnings per share for the current year.

Institutional Investors Weigh In On Distribution Solutions Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its position in Distribution Solutions Group by 2.9% during the first quarter. Dimensional Fund Advisors LP now owns 937,151 shares of the company’s stock worth $24,590,000 after buying an additional 26,595 shares in the last quarter. BlackRock Inc. bought a new position in shares of Distribution Solutions Group in the second quarter worth approximately $18,750,000. Nantahala Capital Management LLC bought a new position in shares of Distribution Solutions Group in the second quarter worth approximately $13,526,790. Gamco Investors INC. ET AL raised its stake in Distribution Solutions Group by 9.4% in the first quarter. Gamco Investors INC. ET AL now owns 279,945 shares of the company’s stock valued at $7,346,000 after purchasing an additional 24,141 shares in the last quarter. Finally, Agman Capital LLC bought a new stake in Distribution Solutions Group during the fourth quarter valued at approximately $4,954,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

About Distribution Solutions Group

Distribution Solutions Group, Inc is a specialty distribution company that provides maintenance, repair, operations (MRO), industrial, electronic production, and supply-chain solutions to businesses. The company serves customers across industries including manufacturing, aerospace and defense, automotive, electronics, utilities, and other commercial and government markets.

Through its operating businesses, Distribution Solutions Group offers products such as industrial and maintenance supplies, safety equipment, fasteners, electrical and electronic components, wire and cable, interconnect products, test and measurement instruments, environmental test chambers, and electronic production supplies.