DA Davidson Reiterates Buy Rating on DNOW Inc.
DA Davidson maintains its buy rating for DNOW Inc. with a $17 price target, a 24% upside from the current price.
Key Points
- DA Davidson reiterated its buy rating for DNOW Inc. with a price target of $17, as announced on June 16, 2026.
- DA Davidson's $17 price target implies 24% upside from DNOW Inc.'s ($DNOW) current $13.71 share price.
- DNOW Inc. trades at approximately $13.70 with a market cap of $2.46 billion, featuring a forward P/E of 15.6.
- Major institutional holders include BlackRock and Wellington Management, with recent insider buying activity reported.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
DA Davidson reiterated its buy rating for DNOW Inc. (NYSE:DNOW) on June 16, 2026, maintaining a price target of $17. This comes as DNOW shares trade around $13.70, reflecting continued confidence in the company's prospects.
Other Institutional Activity in DNOW Inc.
BlackRock, Inc. slightly trimmed its position in DNOW, selling 26,066 shares to hold a total of 29,691,475 shares valued at about $353.6 million. Meanwhile, Wellington Management Group made a substantial increase, adding 6,065,969 shares to bring its total to 16,879,174 shares worth approximately $201 million. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both established new positions, holding 10,423,553 shares valued at $124.1 million and 8,331,559 shares valued at $99.2 million, respectively. Dimensional Fund Advisors LP also increased its stake by 8,035 shares, now holding 10,382,620 shares valued at $123.7 million.
DNOW Inc. Stock Down 13.9%
Shares of DNOW Inc. (NYSE:DNOW) are trading near $13.70. The company has a market capitalization of roughly $2.46 billion and a forward P/E ratio of 15.6, indicating investor expectations for future earnings growth. With a beta of 0.835, DNOW's stock shows moderate volatility compared to the broader market. The stock's 52-week range has seen lows of $10.94 and highs of $17.26, with a 50-day moving average of $12.97 and a 200-day moving average of $13.75.
Recent Earnings
DNOW Inc. reported revenue of $3.40 billion, marking a growth of nearly 0.98%. Despite this, the company posted a net margin of -4.52% and a return on equity of -9.37%, reflecting ongoing challenges in profitability. The next earnings report is expected on August 5, 2026.
Insider Buying and Selling at DNOW Inc.
Recent insider activity at DNOW Inc. includes several purchases made on May 20, 2026. Insiders Paul Coppinger, Galen Cobb, George John Damiris, Ronald Jadin, Sonya Reed, and Terry Bonno each acquired 12,122 shares. These transactions were not part of a pre-planned trading program.
Analysts Set New Price Targets
On June 16, 2026, DA Davidson reiterated its buy rating for DNOW Inc. with a $17 price target. Stifel maintained its buy rating with a $16 target back on February 23, 2026. The consensus among analysts leans towards a strong buy, with an average price target of $16 based on two opinions.
About DNOW Inc.
DNOW Inc., headquartered in Houston, Texas, operates in the industrial distribution sector. The company provides a wide range of products, including pipes, valves, and fittings, and offers services such as supply chain management and field repair. DNOW serves various sectors, including oil and gas, petrochemical, and industrial markets. Led by CEO David A. Cherechinsky, the company employs around 5,200 people.
Bottom Line
DA Davidson's reiterated buy rating for DNOW Inc. underscores continued optimism about the company's future, even as it navigates profitability challenges. Investors often watch these ratings for insights into market sentiment. It's important to remember that these analyst ratings are forward-looking and reflect opinions at a specific point in time.
Get DNOW Inc. alerts
New 13F filings, insider trades, and analyst moves on $DNOW, sent to your inbox. Free, and you can unsubscribe anytime.
This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.