Key Points
- Arxis insider Ross Sealfon sold 15,000 shares for $783,450 at an average price of $52.23, reducing his stake by 1.36%; he still directly owns 1,087,807 shares.
- ARXS shares fell 0.9% to $53.29 in Friday mid-day trading. The stock’s 12-month range is $33.15–$61.50.
- Analyst sentiment is broadly positive: 11 analysts rate Arxis Buy and two rate it Hold, with a consensus price target of $55.36; several firms recently raised their targets.
Arxis, Inc. (NASDAQ:ARXS - Get Free Report) insider Ross Sealfon sold 15,000 shares of the stock in a transaction that occurred on Wednesday, November 11th. The shares were sold at an average price of $52.23, for a total transaction of $783,450.00. Following the completion of the sale, the insider directly owned 1,087,807 shares of the company's stock, valued at $56,816,159.61. This trade represents a 1.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Arxis Stock Down 0.9%
Shares of ARXS traded down $0.50 during mid-day trading on Friday, reaching $53.29. 682,613 shares of the stock traded hands, compared to its average volume of 866,705. The stock has a fifty day simple moving average of $50.99 and a 200 day simple moving average of $46.59. Arxis, Inc. has a 12-month low of $33.15 and a 12-month high of $61.50. The company has a quick ratio of 3.27, a current ratio of 4.70 and a debt-to-equity ratio of 0.32. The firm has a market cap of $22.95 billion and a price-to-earnings ratio of 136.64.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. State Street Corp boosted its stake in Arxis by 566.8% during the 3rd quarter. State Street Corp now owns 1,437,598 shares of the company's stock valued at $71,003,000 after acquiring an additional 1,221,988 shares during the last quarter. Stephens Investment Management Group LLC bought a new stake in shares of Arxis in the 3rd quarter worth about $36,109,000. Squarepoint Ops LLC bought a new stake in shares of Arxis in the 2nd quarter worth about $19,506,000. Voya Investment Management LLC acquired a new stake in shares of Arxis in the 3rd quarter valued at about $19,180,000. Finally, Alyeska Investment Group L.P. acquired a new stake in shares of Arxis in the 2nd quarter valued at about $13,842,000.
Wall Street Analyst Weigh In
ARXS has been the subject of a number of recent analyst reports. Wells Fargo & Company raised their price target 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 price objective on shares of Arxis in a report on Sunday, August 2nd. Royal Bank Of Canada upped their price objective on shares of Arxis from $60.00 to $64.00 and gave the company an "outperform" rating in a research report on Friday, October 30th. Citigroup raised their target price on Arxis from $61.00 to $67.00 and gave the company a "buy" rating in a research note on Thursday, August 13th. Finally, Weiss Ratings upgraded Arxis from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, November 2nd. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, Arxis has an average rating of "Moderate Buy" and a consensus price target of $55.36.
Read Our Latest Stock Report on Arxis
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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