KLX (KLXI) Sets New 12-Month High and Low at $74.45

KLX Inc (NASDAQ:KLXI) hit a new 52-week high and low on Monday . The stock traded as low as $74.45 and last traded at $73.85, with a volume of 123758 shares. The stock had previously closed at $72.35.

Several brokerages have weighed in on KLXI. TheStreet raised KLX from a “c+” rating to a “b” rating in a report on Monday, April 9th. BidaskClub raised KLX from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 30th. Jefferies Group raised KLX from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Finally, Zacks Investment Research downgraded KLX from a “buy” rating to a “hold” rating in a report on Saturday, February 17th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $68.00.

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The company has a debt-to-equity ratio of 0.52, a current ratio of 7.06 and a quick ratio of 2.17. The firm has a market capitalization of $3,739.54, a price-to-earnings ratio of 27.50, a PEG ratio of 3.18 and a beta of 1.18.

KLX (NASDAQ:KLXI) last issued its quarterly earnings results on Tuesday, March 6th. The aerospace company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.19. The business had revenue of $442.20 million during the quarter, compared to the consensus estimate of $450.87 million. KLX had a return on equity of 6.03% and a net margin of 3.07%. The business’s quarterly revenue 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.

Large investors have recently made changes to their positions in the company. Bank of Montreal Can raised its stake in shares of KLX by 9.5% in the fourth quarter. Bank of Montreal Can now owns 30,628 shares of the aerospace company’s stock worth $2,091,000 after purchasing an additional 2,659 shares during the last quarter. Legal & General Group Plc raised its stake in shares of KLX by 7.7% in the third 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 last quarter. Jennison Associates LLC raised its stake in shares of KLX by 19.7% in the fourth quarter. Jennison Associates LLC now owns 1,022,181 shares of the aerospace company’s stock worth $69,764,000 after purchasing an additional 168,160 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of KLX by 3.1% in the fourth quarter. Bank of New York Mellon Corp now owns 1,015,363 shares of the aerospace company’s stock worth $69,298,000 after purchasing an additional 30,882 shares during the last quarter. Finally, New York State Common Retirement Fund raised its stake in shares of KLX by 47.9% in the third quarter. New York State Common Retirement Fund now owns 106,202 shares of the aerospace company’s stock worth $5,621,000 after purchasing an additional 34,400 shares during the last quarter. Hedge funds and other institutional investors own 98.44% of the company’s stock.

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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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