ESAB (NYSE:ESAB) Reaches New 12-Month Low – Here’s Why

Shares of ESAB Corporation (NYSE:ESAB) reached a new 52-week low on Wednesday . The stock traded as low as $73.21 and last traded at $73.5760, with a volume of 9225 shares traded. The stock had previously closed at $74.74.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ESAB. DA Davidson started coverage on shares of ESAB in a report on Monday, June 15th. They set a “buy” rating and a $130.00 price objective for the company. Oppenheimer dropped their price objective on ESAB from $140.00 to $135.00 and set an “outperform” rating on the stock in a report on Tuesday, July 21st. Stifel Nicolaus lowered their target price on shares of ESAB from $141.00 to $137.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Roth Capital raised their price target on shares of ESAB from $142.00 to $151.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Finally, Weiss Ratings lowered shares of ESAB from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, ESAB has an average rating of “Moderate Buy” and a consensus price target of $138.14.

ESAB Price Performance

The company has a market capitalization of $4.54 billion, a PE ratio of 26.19, a price-to-earnings-growth ratio of 1.46 and a beta of 1.17. The company has a quick ratio of 1.22, a current ratio of 1.96 and a debt-to-equity ratio of 0.99. The firm’s 50-day moving average is $85.01 and its 200-day moving average is $94.94.

ESAB (NYSE:ESAB) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.33 earnings per share for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.04). ESAB had a net margin of 5.75% and a return on equity of 14.48%. The firm had revenue of $807.63 million for the quarter, compared to analysts’ expectations of $755.64 million. During the same quarter in the previous year, the business earned $1.36 EPS. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. ESAB has set its FY 2026 guidance at 5.400-5.500 EPS. Equities analysts predict that ESAB Corporation will post 5.46 earnings per share for the current fiscal year.

Insider Activity at ESAB

In related news, Director Rhonda L. Jordan sold 1,000 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $95.00, for a total transaction of $95,000.00. Following the transaction, the director directly owned 1,000 shares of the company’s stock, valued at approximately $95,000. This trade represents a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 7.20% of the company’s stock.

Institutional Trading of ESAB

Several hedge funds and other institutional investors have recently bought and sold shares of the company. TimesSquare Capital Management LLC raised its holdings in ESAB by 37.8% in the 4th quarter. TimesSquare Capital Management LLC now owns 959,101 shares of the company’s stock worth $107,151,000 after purchasing an additional 262,850 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of ESAB by 6,787.0% during the 4th quarter. Bessemer Group Inc. now owns 1,053,776 shares of the company’s stock valued at $117,730,000 after purchasing an additional 1,038,475 shares in the last quarter. William Blair Investment Management LLC purchased a new position in shares of ESAB during the fourth quarter valued at about $22,905,000. Schwartz Investment Counsel Inc. bought a new position in ESAB in the fourth quarter worth about $8,938,000. Finally, Allspring Global Investments Holdings LLC bought a new position in ESAB in the first quarter worth about $9,606,000. Hedge funds and other institutional investors own 91.13% of the company’s stock.

About ESAB

ESAB Corporation is a global leader in welding, cutting and gas control technologies, offering a comprehensive portfolio of equipment, consumables and automation solutions. The company’s products include welding power sources, cutting machines, torches, electrodes, filler metals and gas regulating equipment designed to meet the needs of diverse industries. ESAB serves sectors such as construction, shipbuilding, automotive, energy, infrastructure and manufacturing, providing both standard and customized solutions to enhance productivity and quality in metal fabrication and processing.

Founded in 1904 by Swedish inventor Oscar Kjellberg, ESAB pioneered the development of coated welding electrodes, laying the groundwork for modern welding practices.