GW Henssler & Associates Ltd. Buys New Shares in DNOW Inc. (NYSE:DNOW)

GW Henssler & Associates Ltd. purchased a new position in DNOW Inc. (NYSE:DNOW) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,085 shares of the oil and gas company’s stock, valued at approximately $182,000.

Other institutional investors have also recently made changes to their positions in the company. First Eagle Investment Management LLC lifted its stake in DNOW by 0.4% in the 1st quarter. First Eagle Investment Management LLC now owns 258,029 shares of the oil and gas company’s stock worth $3,922,000 after purchasing an additional 1,000 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in DNOW by 1.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 53,700 shares of the oil and gas company’s stock valued at $737,000 after buying an additional 1,000 shares in the last quarter. SummerHaven Investment Management LLC boosted its holdings in shares of DNOW by 1.6% in the second quarter. SummerHaven Investment Management LLC now owns 68,946 shares of the oil and gas company’s stock valued at $947,000 after purchasing an additional 1,068 shares during the period. Texas Permanent School Fund Corp lifted its holdings in shares of DNOW by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 93,060 shares of the oil and gas company’s stock worth $1,415,000 after buying an additional 1,205 shares during the period. Finally, Arizona State Retirement System lifted its stake in DNOW by 4.3% in the second quarter. Arizona State Retirement System now owns 30,485 shares of the oil and gas company’s stock worth $419,000 after acquiring an additional 1,263 shares during the period. Institutional investors own 97.63% of the company’s stock.

DNOW Price Performance

Shares of NYSE:DNOW opened at $11.64 on Wednesday. The business’s 50-day moving average is $12.52 and its 200 day moving average is $13.44. DNOW Inc. has a 1 year low of $9.44 and a 1 year high of $15.65. The firm has a market capitalization of $1.24 billion, a P/E ratio of 5.62 and a beta of 1.43.

DNOW (NYSE:DNOW) last posted its quarterly earnings data on Wednesday, August 7th. The oil and gas company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.01). The company had revenue of $633.00 million for the quarter, compared to analyst estimates of $638.20 million. DNOW had a net margin of 9.70% and a return on equity of 9.93%. On average, analysts expect that DNOW Inc. will post 0.86 EPS for the current year.

Analyst Upgrades and Downgrades

DNOW has been the subject of a number of recent research reports. StockNews.com upgraded shares of DNOW from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Stifel Nicolaus boosted their price objective on shares of DNOW from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Finally, Susquehanna decreased their target price on shares of DNOW from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th.

DNOW Company Profile

DNOW Inc distributes downstream energy and industrial products for petroleum refining, chemical processing, LNG terminals, power generation utilities, and customer on-site locations in the United States, Canada, and internationally. The company provides consumable maintenance, repair, and operating supplies; pipes, manual and automated valves, fittings, flanges, gaskets, fasteners, electrical instrumentations, artificial lift, pumping solutions, valve actuation and modular process, and measurement and control equipment; and mill supplies, tools, safety supplies, and personal protective equipment, as well as artificial lift systems, coatings, and miscellaneous expendable items.