Arxis (NASDAQ:ARXS) Insider Ross Bradley Sealfon Sells 15,000 Shares of Company Stock

Arxis, Inc. (NASDAQ:ARXS) insider Ross Sealfon sold 15,000 shares of the firm’s stock in a transaction on Wednesday, November 11th. The stock was sold at an average price of $52.23, for a total value of $783,450.00. Following the sale, the insider owned 1,087,807 shares in the company, valued at $56,816,159.61. This trade represents a 1.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Arxis Trading Down 0.9%

Arxis stock traded down $0.50 during trading on Friday, hitting $53.29. The company’s stock had a trading volume of 682,613 shares, compared to its average volume of 866,705. The stock has a market capitalization of $22.95 billion and a price-to-earnings ratio of 136.64. The stock’s fifty day moving average is $50.99 and its 200 day moving average is $46.59. Arxis, Inc. has a 1-year low of $33.15 and a 1-year high of $61.50. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.27 and a current ratio of 4.70.

Institutional Investors Weigh In On Arxis

Institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue acquired a new stake in shares of Arxis in the third quarter worth $157,000. The Manufacturers Life Insurance Company acquired a new position in shares of Arxis during the 2nd quarter valued at $207,000. Third View Private Wealth LLC acquired a new position in shares of Arxis during the third quarter worth about $264,000. Amundi purchased a new stake in shares of Arxis in the second quarter worth about $358,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Arxis by 22.6% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 19,133 shares of the company’s stock valued at $945,000 after buying an additional 3,521 shares in the last quarter.

Wall Street Analyst Weigh In

Several research firms have commented on ARXS. Citigroup lifted their price target on Arxis from $61.00 to $67.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Royal Bank Of Canada increased their price objective on shares of Arxis from $60.00 to $64.00 and gave the stock an “outperform” rating in a report on Friday, October 30th. Jefferies Financial Group reissued a “buy” rating and issued a $60.00 target price on shares of Arxis in a research report on Sunday, August 2nd. Wells Fargo & Company raised their target price on shares of Arxis from $52.00 to $63.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. Finally, Morgan Stanley boosted their target price on shares of Arxis from $62.00 to $66.00 and gave the company an “overweight” rating in a report on Friday, October 30th. Eleven research 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 a consensus rating of “Moderate Buy” and a consensus price target of $55.36.

Arxis Company Profile

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.