HP (NYSE:HPQ) Hits New 52-Week High - Here's What Happened

Key Points

• HP shares reached a new 52-week high of $32.78 before trading around $32.04, supported by strong momentum above both its 50-day and 200-day moving averages.
• HP reported quarterly earnings of $0.83 per share, beating estimates by $0.17, while revenue of $15.68 billion exceeded expectations and increased 12.5% year over year.
• Despite the stock’s rise, analysts maintain a consensus “Reduce” rating with a $25.17 price target; HP also announced a quarterly dividend of $0.30 per share, representing a 3.7% yield.

HP Inc. (NYSE:HPQ - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as $32.78 and last traded at $32.0380, with a volume of 13292535 shares. The stock had previously closed at $32.64.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on HPQ shares. Wells Fargo & Company upped their target price on HP from $18.00 to $20.00 and gave the stock an "underweight" rating in a report on Thursday, May 28th. Citigroup raised their price objective on HP from $20.00 to $25.00 and gave the company a "neutral" rating in a research report on Thursday, May 28th. Morgan Stanley decreased their price target on shares of HP from $19.00 to $17.00 and set an "underweight" rating for the company in a research report on Monday, August 24th. The Goldman Sachs Group lifted their price objective on shares of HP from $19.00 to $21.00 and gave the stock a "sell" rating in a research report on Wednesday, August 12th. Finally, Evercore set a $32.00 price objective on shares of HP in a research note on Monday, August 24th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Reduce" and a consensus target price of $25.17.

HP Stock Down 1.4%

The stock's 50 day moving average price is $27.41 and its two-hundred day moving average price is $23.31. The stock has a market cap of $29.02 billion, a price-to-earnings ratio of 12.23, a price-to-earnings-growth ratio of 1.70 and a beta of 1.18.

HP (NYSE:HPQ - Get Free Report) last posted its quarterly earnings data on Wednesday, August 26th. The computer maker reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.66 by $0.17. The company had revenue of $15.68 billion during the quarter, compared to analysts' expectations of $14.44 billion. HP had a net margin of 4.14% and a negative return on equity of 947.78%. The firm's revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.75 earnings per share. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. On average, analysts predict that HP Inc. will post 3.23 earnings per share for the current fiscal year.

HP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.7%. The ex-dividend date is Wednesday, September 9th. HP's dividend payout ratio (DPR) is 45.80%.

Insider Buying and Selling at HP

In other news, insider David McQuarrie sold 21,048 shares of HP stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $29.98, for a total value of $631,019.04. Following the completion of the transaction, the insider owned 39,580 shares in the company, valued at approximately $1,186,608.40. This trade represents a 34.72% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 52,620 shares of company stock valued at $1,478,622 in the last ninety days. Insiders own 0.18% of the company's stock.

Hedge Funds Weigh In On HP

Hedge funds have recently added to or reduced their stakes in the stock. SHP Wealth Management acquired a new stake in HP during the 4th quarter worth $26,000. Union Savings Bank purchased a new stake in shares of HP in the 4th quarter valued at about $28,000. Aberdeen Wealth Management LLC purchased a new stake in shares of HP in the 2nd quarter valued at about $29,000. DV Equities LLC acquired a new stake in shares of HP in the 4th quarter valued at about $29,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in HP during the fourth quarter worth approximately $32,000. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

HP Company Profile

HP Inc is an American multinational information technology company that designs, manufactures and sells personal computing devices, printers and related supplies and services. Its product portfolio spans consumer and commercial notebooks and desktops, workstations, displays and accessories, as well as an extensive line of printing hardware that includes home, office and production printers. HP also provides consumables such as ink and toner, managed print services, device deployment and lifecycle support, and software for device and print management.

Founded from the original Hewlett‑Packard Company, HP Inc became a separately traded public company in 2015 following a corporate split that created Hewlett Packard Enterprise to focus on enterprise hardware and services.

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