KLX Inc (NASDAQ:KLXI) shares hit a new 52-week high and low during mid-day trading on Monday . The company traded as low as $74.45 and last traded at $73.85, with a volume of 123758 shares traded. The stock had previously closed at $72.35.
A number of research analysts have recently issued reports on the stock. TheStreet raised shares of KLX from a “c+” rating to a “b” rating in a research report on Monday, April 9th. Zacks Investment Research upgraded shares of KLX from a “sell” rating to a “buy” rating and set a $80.00 price objective for the company in a research note on Thursday, March 15th. Jefferies Group upgraded shares of KLX from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Finally, BidaskClub upgraded shares of KLX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 22nd. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $68.00.
The stock has a market capitalization of $3,671.05, a PE ratio of 27.00, a PEG ratio of 3.12 and a beta of 1.18. The company has a current ratio of 7.06, a quick ratio of 2.17 and a debt-to-equity ratio of 0.52.
KLX (NASDAQ:KLXI) last issued its earnings results on Tuesday, March 6th. The aerospace company reported $1.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.19. The firm had revenue of $442.20 million for the quarter, compared to analysts’ expectations of $450.87 million. KLX had a net margin of 3.07% and a return on equity of 6.03%. The business’s revenue for the quarter was up 18.4% on a year-over-year basis. research analysts anticipate that KLX Inc will post 4.07 earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of the stock. New York State Common Retirement Fund raised its stake in shares of KLX by 47.9% during the 3rd quarter. New York State Common Retirement Fund now owns 106,202 shares of the aerospace company’s stock worth $5,621,000 after buying an additional 34,400 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of KLX by 7.7% during the 3rd quarter. Legal & General Group Plc now owns 76,126 shares of the aerospace company’s stock worth $4,032,000 after purchasing an additional 5,435 shares during the period. Wells Fargo & Company MN lifted its position in KLX by 22.9% during the 3rd quarter. Wells Fargo & Company MN now owns 88,007 shares of the aerospace company’s stock worth $4,659,000 after acquiring an additional 16,372 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in KLX by 1.4% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 340,431 shares of the aerospace company’s stock worth $18,020,000 after acquiring an additional 4,765 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in KLX during the 3rd quarter worth approximately $217,000. Hedge funds and other institutional investors own 98.44% of the company’s stock.
KLX Company Profile
KLX Inc, together with its subsidiaries, provides aerospace fasteners, consumables, and logistics services worldwide. It operates in two segments, Aerospace Solutions Group (ASG) and Energy Services Group (ESG). The ASG segment distributes bolts, clips, hinges, rings, screws, carbon-faced seals, gaskets, O-rings, and others; chemicals, sealants and adhesives, lubricants, paints, cleaners, and degreasers; Honeywell proprietary parts; and bearings, tooling, electrical components, and clamps.
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