AEVEX Corp. (NYSE:AVEX – Get Free Report)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $20.89, but opened at $22.22. AEVEX shares last traded at $21.06, with a volume of 627,128 shares changing hands.
Wall Street Analysts Forecast Growth
AVEX has been the topic of a number of recent analyst reports. William Blair started coverage on shares of AEVEX in a report on Tuesday, May 12th. They set an “outperform” rating on the stock. Robert W. Baird initiated coverage on shares of AEVEX in a research note on Tuesday, May 12th. They issued an “outperform” rating and a $38.00 price target for the company. JPMorgan Chase & Co. lifted their price objective on shares of AEVEX from $33.00 to $35.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Jefferies Financial Group restated a “buy” rating and set a $33.00 price objective on shares of AEVEX in a research note on Monday, May 25th. Finally, Zacks Research raised shares of AEVEX to a “hold” rating in a report on Wednesday, May 13th. Nine equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $35.62.
Read Our Latest Stock Analysis on AVEX
AEVEX Stock Performance
Insiders Place Their Bets
In other AEVEX news, major shareholder Madison Dearborn Partners Llc sold 2,273,843 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $25.99, for a total transaction of $59,097,179.57. Following the completion of the sale, the insider directly owned 22,861,457 shares in the company, valued at $594,169,267.43. This trade represents a 9.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
About AEVEX
AEVEX Corp. is a holding company which designs, manufactures and provides autonomous systems and navigation technologies. The company’s operating segment includes tactical systems and global solutions. AEVEX Corp. is based in Solana Beach, California.
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