Hillsdale Investment Management Inc. Purchases 252,400 Shares of DNOW Inc. $DNOW

Hillsdale Investment Management Inc. lifted its position in shares of DNOW Inc. (NYSE:DNOW) by 134.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 439,700 shares of the oil and gas company’s stock after buying an additional 252,400 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in DNOW were worth $6,705,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. First Trust Advisors LP boosted its position in DNOW by 470.7% during the 2nd quarter. First Trust Advisors LP now owns 1,952,023 shares of the oil and gas company’s stock worth $28,949,000 after buying an additional 1,609,981 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of DNOW by 57.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,797,651 shares of the oil and gas company’s stock valued at $26,659,000 after acquiring an additional 654,490 shares during the last quarter. LSV Asset Management lifted its holdings in shares of DNOW by 354.6% during the second quarter. LSV Asset Management now owns 798,300 shares of the oil and gas company’s stock worth $11,839,000 after purchasing an additional 622,705 shares during the period. American Century Companies Inc. grew its stake in shares of DNOW by 19.3% in the second quarter. American Century Companies Inc. now owns 2,389,433 shares of the oil and gas company’s stock worth $35,435,000 after purchasing an additional 386,383 shares during the last quarter. Finally, CSM Advisors LLC acquired a new stake in DNOW in the second quarter valued at $4,771,000. Institutional investors own 97.63% of the company’s stock.

DNOW Price Performance

Shares of DNOW stock opened at $13.24 on Friday. DNOW Inc. has a one year low of $12.01 and a one year high of $17.83. The stock’s 50-day moving average is $14.58 and its 200 day moving average is $14.62. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of -45.64 and a beta of 0.79.

DNOW (NYSE:DNOW) last issued its earnings results on Friday, February 20th. The oil and gas company reported $0.15 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.15. DNOW had a return on equity of 9.35% and a net margin of 3.91%.The business had revenue of $959.00 million during the quarter, compared to the consensus estimate of $969.50 million. During the same period in the previous year, the company posted $0.25 earnings per share. The firm’s revenue for the quarter was up 68.0% on a year-over-year basis. On average, sell-side analysts expect that DNOW Inc. will post 0.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $18.00 target price on shares of DNOW in a report on Monday, November 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of DNOW in a research note on Monday, December 29th. Susquehanna upgraded DNOW from a “neutral” rating to a “positive” rating and set a $16.00 target price on the stock in a report on Friday, November 21st. Zacks Research upgraded shares of DNOW from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. Finally, Wall Street Zen upgraded shares of DNOW from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $17.67.

Key DNOW News

Here are the key news stories impacting DNOW this week:

• Positive Sentiment: Big top‑line growth — revenue rose ~68% YoY, reflecting strong sales expansion compared with Q4 last year. Business Wire: Q4 and Full‑Year Results
• Neutral Sentiment: EPS met Street expectations at $0.15, avoiding an outright earnings miss; management hosted an earnings call and provided a slide deck for investors to review. MarketBeat: Earnings / Call Materials
• Neutral Sentiment: Earnings call transcript and summaries are available for details on execution, backlog and working capital — useful to parse whether growth is sustainable. Seeking Alpha: Call Transcript
• Negative Sentiment: Revenue missed consensus by roughly $10.5M ($959.0M vs. $969.5M), a modest shortfall that likely weighed on sentiment. Yahoo Finance: Misses Sales Expectations
• Negative Sentiment: Market commentary highlighted a swing to a loss on the period (appearance of weaker profitability metrics), which triggered an intraday share selloff and higher trading volume. MarketWatch: Shares Drop After Swing to Loss
• Negative Sentiment: Share technicals look pressured: the stock is trading below its 50‑ and 200‑day moving averages and volume is well above average today, amplifying downside momentum. MarketBeat: Price & Volume Snapshot
• Neutral Sentiment: What to watch next: management’s Q1 guidance and margin outlook, free cash flow and working capital trends, backlog/booking commentary from the call, and whether analysts adjust estimates after the minor revenue miss. Yahoo: Call Summary

DNOW Company Profile

DistributionNOW (NYSE: DNOW) is a global distributor of energy and industrial products, serving a broad range of end-markets including oil and gas, petrochemical, power generation, and industrial manufacturing. Headquartered in Houston, Texas, the company provides solutions across the life cycle of energy and industrial assets, with an emphasis on safety, reliability and operational efficiency.

The company’s core product portfolio includes piping systems and related components (such as valves, fittings, flanges and gaskets), instrumentation, electrical and automation equipment, fasteners, industrial safety supplies, chemicals and composite products.