Comerica Bank Boosts Stock Holdings in DNOW Inc. $DNOW

Comerica Bank raised its holdings in DNOW Inc. (NYSE:DNOW) by 154.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,883 shares of the oil and gas company’s stock after purchasing an additional 47,296 shares during the period. Comerica Bank’s holdings in DNOW were worth $1,032,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Hillsdale Investment Management Inc. increased its stake in shares of DNOW by 134.8% in the third quarter. Hillsdale Investment Management Inc. now owns 439,700 shares of the oil and gas company’s stock worth $6,705,000 after purchasing an additional 252,400 shares in the last quarter. New York State Common Retirement Fund increased its stake in shares of DNOW by 25.3% in the third quarter. New York State Common Retirement Fund now owns 864,495 shares of the oil and gas company’s stock worth $13,184,000 after purchasing an additional 174,544 shares in the last quarter. Y Intercept Hong Kong Ltd increased its stake in shares of DNOW by 58.4% in the third quarter. Y Intercept Hong Kong Ltd now owns 234,617 shares of the oil and gas company’s stock worth $3,578,000 after purchasing an additional 86,509 shares in the last quarter. Allianz Asset Management GmbH increased its stake in shares of DNOW by 15.2% in the third quarter. Allianz Asset Management GmbH now owns 1,404,668 shares of the oil and gas company’s stock worth $21,421,000 after purchasing an additional 185,727 shares in the last quarter. Finally, Picton Mahoney Asset Management increased its stake in shares of DNOW by 116,545.3% in the third quarter. Picton Mahoney Asset Management now owns 110,813 shares of the oil and gas company’s stock worth $1,689,000 after purchasing an additional 110,718 shares in the last quarter. Hedge funds and other institutional investors own 97.63% of the company’s stock.

Key Headlines Impacting DNOW

Here are the key news stories impacting DNOW this week:

• Positive Sentiment: DNOW reported first-quarter revenue of $1.18 billion, which came in above analyst expectations of $1.08 billion and rose sharply year over year, suggesting solid demand and helping support the stock. DNOW Reports First Quarter 2026 Results
• Positive Sentiment: The company also highlighted its first-quarter 2026 results and midstream expansion plans, which may reinforce the longer-term growth story for investors. Assessing DNOW (DNOW) Valuation After Recent Share Price Momentum And Midstream Expansion Plans
• Neutral Sentiment: Several earnings recap articles and the earnings call presentation are drawing attention to the quarter, but they largely repeat the same key takeaways: strong revenue growth, but weaker profitability. DNOW Inc. 2026 Q1 – Results – Earnings Call Presentation
• Neutral Sentiment: Market commentary notes that DNOW beat on revenue but missed earnings estimates, which is a mixed signal for the stock. DNOW’s (NYSE:DNOW) Q1 CY2026: Beats On Revenue
• Negative Sentiment: DNOW posted earnings of $0.01 per share, below the $0.05 consensus estimate and far under last year’s $0.22, raising concerns about profitability and margin pressure. DNOW (DNOW) Q1 Earnings Lag Estimates
• Negative Sentiment: Rosen Law Firm announced and reiterated a securities class action investigation into whether DNOW may have issued misleading business information, which can add legal overhang and pressure sentiment. ROSEN, LEADING INVESTOR COUNSEL, Encourages DNOW Inc. Investors to Inquire About Securities Class Action Investigation – DNOW

Analyst Ratings Changes

Several equities analysts have recently weighed in on DNOW shares. Zacks Research downgraded shares of DNOW from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 24th. Weiss Ratings downgraded shares of DNOW from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, February 27th. Stifel Nicolaus reduced their target price on shares of DNOW from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Monday, February 23rd. Finally, Wall Street Zen downgraded shares of DNOW from a “hold” rating to a “sell” rating in a research note on Saturday. Two research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, DNOW has a consensus rating of “Hold” and an average target price of $17.00.

DNOW Price Performance

Shares of NYSE:DNOW opened at $13.08 on Friday. The company has a 50 day moving average of $12.11 and a 200 day moving average of $13.48. The stock has a market cap of $2.43 billion, a P/E ratio of -17.92 and a beta of 0.85. DNOW Inc. has a 12 month low of $10.94 and a 12 month high of $17.26. The company has a current ratio of 2.34, a quick ratio of 1.11 and a debt-to-equity ratio of 0.18.

DNOW (NYSE:DNOW) last issued its quarterly earnings data on Thursday, May 7th. The oil and gas company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.04). The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.08 billion. DNOW had a negative net margin of 4.14% and a positive return on equity of 5.43%. DNOW’s revenue was up 97.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.22 EPS. As a group, sell-side analysts forecast that DNOW Inc. will post 0.66 EPS for the current fiscal year.

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.