Arxis, Inc. (NASDAQ:ARXS - Get Free Report) insider Kevin Perhamus sold 25,000 shares of the stock in a transaction on Monday, November 9th. The stock was sold at an average price of $50.92, for a total value of $1,273,000.00. Following the transaction, the insider owned 3,548,133 shares of the company's stock, valued at $180,670,932.36. The trade was a 0.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Arxis Stock Performance
Shares of ARXS opened at $53.79 on Friday. The business has a 50-day moving average of $50.99 and a 200 day moving average of $46.54. Arxis, Inc. has a fifty-two week low of $33.15 and a fifty-two week high of $61.50. The company has a debt-to-equity ratio of 0.32, a current ratio of 4.70 and a quick ratio of 3.27.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on ARXS shares. Wells Fargo & Company upped their price objective on shares of Arxis from $52.00 to $63.00 and gave the company an "overweight" rating in a report on Tuesday, August 4th. Jefferies Financial Group reiterated a "buy" rating and issued a $60.00 target price on shares of Arxis in a research note on Sunday, August 2nd. Citigroup boosted their price target on shares of Arxis from $61.00 to $67.00 and gave the company a "buy" rating in a research report on Thursday, August 13th. Morgan Stanley boosted their price target on shares of Arxis from $62.00 to $66.00 and gave the company an "overweight" rating in a research report on Friday, October 30th. Finally, Weiss Ratings upgraded shares of Arxis from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, November 2nd. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $55.36.
View Our Latest Stock Report on ARXS
Hedge Funds Weigh In On Arxis
A number of large investors have recently made changes to their positions in ARXS. State of Alaska Department of Revenue purchased a new position in shares of Arxis in the third quarter valued at $157,000. The Manufacturers Life Insurance Company bought a new stake in shares of Arxis during the 2nd quarter valued at $207,000. Third View Private Wealth LLC bought a new stake in shares of Arxis during the 3rd quarter valued at $264,000. Amundi purchased a new stake in Arxis during the 2nd quarter worth about $358,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in Arxis by 22.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 19,133 shares of the company's stock worth $945,000 after purchasing an additional 3,521 shares in the last quarter.
Arxis Company Profile
(
Get Free Report)
Arxis, Inc. is a manufacturer and supplier of engineered products for the aerospace and defense industries. Its components and systems are designed for use in aircraft and other demanding applications. The company serves customers that require specialized, performance-critical products. Publicly available information about its specific product lines, operating history, geographic reach and leadership is limited.
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