Lakewood Capital Management LP Purchases Shares of 176,360 Arrow Electronics, Inc. $ARW

Key Points

• Lakewood Capital Management purchased 176,360 Arrow Electronics shares worth approximately $37.6 million, making ARW its 20th-largest holding and about 1.9% of its portfolio. Institutional investors collectively own 99.34% of the company.
• Arrow Electronics reported stronger-than-expected quarterly results, with EPS of $5.45 versus the $4.45 consensus estimate and revenue of $9.99 billion, up 31.8% year over year.
• The company authorized a $1 billion share-repurchase program, while analysts maintain a mixed outlook: ARW has a consensus “Hold” rating and an average price target of $233.25.

Lakewood Capital Management LP purchased a new stake in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 176,360 shares of the technology company's stock, valued at approximately $37,637,000. Arrow Electronics comprises about 1.9% of Lakewood Capital Management LP's investment portfolio, making the stock its 20th biggest holding. Lakewood Capital Management LP owned approximately 0.35% of Arrow Electronics as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in ARW. Bayban bought a new stake in Arrow Electronics during the first quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. raised its position in Arrow Electronics by 112.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 248 shares of the technology company's stock worth $27,000 after acquiring an additional 131 shares during the period. Transamerica Financial Advisors LLC bought a new position in Arrow Electronics in the fourth quarter worth approximately $27,000. Keating Financial Advisory Services Inc. purchased a new position in shares of Arrow Electronics during the 2nd quarter worth $28,000. Finally, Advisory Services Network LLC bought a new stake in shares of Arrow Electronics during the 3rd quarter valued at $31,000. Hedge funds and other institutional investors own 99.34% of the company's stock.

Arrow Electronics Stock Performance

Shares of NYSE ARW opened at $201.87 on Tuesday. The firm has a fifty day moving average price of $212.75 and a 200-day moving average price of $187.65. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.22 and a quick ratio of 1.01. The stock has a market cap of $10.28 billion, a PE ratio of 12.90, a price-to-earnings-growth ratio of 0.32 and a beta of 1.20. Arrow Electronics, Inc. has a 1 year low of $101.79 and a 1 year high of $237.33.

Arrow Electronics (NYSE:ARW - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The technology company reported $5.45 EPS for the quarter, beating the consensus estimate of $4.45 by $1.00. Arrow Electronics had a net margin of 2.26% and a return on equity of 13.41%. The firm had revenue of $9.99 billion for the quarter, compared to the consensus estimate of $9.67 billion. During the same period last year, the firm earned $2.43 EPS. The company's revenue was up 31.8% on a year-over-year basis. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. Equities analysts anticipate that Arrow Electronics, Inc. will post 20.44 earnings per share for the current fiscal year.

Arrow Electronics declared that its board has authorized a share repurchase program on Wednesday, May 13th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the technology company to reacquire up to 9.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

ARW has been the subject of several analyst reports. Zacks Research lowered Arrow Electronics from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 3rd. Raymond James Financial reissued an "outperform" rating and set a $250.00 price target on shares of Arrow Electronics in a report on Friday, August 7th. Wells Fargo & Company upped their price target on Arrow Electronics from $175.00 to $200.00 and gave the stock an "underweight" rating in a research report on Friday, August 7th. Wall Street Zen raised Arrow Electronics from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 25th. Finally, Truist Financial lowered their price objective on Arrow Electronics from $260.00 to $250.00 and set a "buy" rating on the stock in a research report on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $233.25.

Arrow Electronics Company Profile

Arrow Electronics NYSE: ARW is a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. The company offers a broad portfolio of semiconductors, passives, connectors, electromechanical devices and embedded solutions, serving customers across diverse end markets including automotive, communications, computing, aerospace, defense and healthcare. Through its extensive supplier relationships, Arrow enables design engineers to identify and procure components required for the development of new electronic systems and devices.

In addition to component distribution, Arrow delivers value-added services such as design engineering support, supply chain management, global logistics and technical training.

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