Concurrent Investment Advisors LLC bought a new stake in shares of AEVEX Corp. (NYSE:AVEX - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 114,000 shares of the company's stock, valued at approximately $2,381,000. Concurrent Investment Advisors LLC owned 0.10% of AEVEX as of its most recent filing with the Securities and Exchange Commission.
Separately, Alyeska Investment Group L.P. acquired a new position in shares of AEVEX in the 2nd quarter worth approximately $19,903,000.
AEVEX Stock Up 3.7%
Shares of AVEX stock opened at $17.08 on Wednesday. The stock's 50 day moving average is $17.81. The firm has a market cap of $1.95 billion and a P/E ratio of 53.37. The company has a current ratio of 5.66, a quick ratio of 5.50 and a debt-to-equity ratio of 1.15. AEVEX Corp. has a 52 week low of $13.07 and a 52 week high of $42.34.
AEVEX (NYSE:AVEX - Get Free Report) last released its earnings results on Wednesday, August 12th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.05). The company had revenue of $201.79 million for the quarter, compared to the consensus estimate of $155.15 million. The business's quarterly revenue was up 99.5% on a year-over-year basis. Analysts anticipate that AEVEX Corp. will post 0.5 earnings per share for the current year.
Key Headlines Impacting AEVEX
Here are the key news stories impacting AEVEX this week:
- Positive Sentiment: Acquisition expands maritime and autonomous-systems capabilities. AEVEX completed its acquisition of BlackSea Technologies, adding unmanned surface and subsea vessels and creating a Maritime Systems division. Management says the deal strengthens AEVEX’s position in multi-domain autonomous systems, AI-enabled mission software, intelligence, surveillance and reconnaissance, and electronic warfare. AEVEX also completed the acquisition of Maritime Applied Physics from BlackSea Technologies. AEVEX Completes Acquisition of BlackSea Technologies
- Neutral Sentiment: The legal deadline is October 20, 2026. Several firms are seeking investors who purchased AEVEX Class A shares in or traceable to the April 2026 IPO, or during the stated class period, to seek appointment as lead plaintiff. The repeated announcements largely provide similar information and do not represent a new court ruling or determination of wrongdoing. AEVEX Investor Deadline
- Negative Sentiment: Class-action publicity remains an overhang. The lawsuits allege securities-law violations concerning AEVEX’s IPO disclosures and events surrounding the waiver of the 180-day IPO lock-up. One legal notice says approximately $900 million in market value was erased over two June trading sessions after the lock-up waiver was disclosed. Continued legal costs, reputational risk and uncertainty over potential investor claims could pressure AVEX shares. AVEX Securities Class Action Deadline Alert
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on AVEX shares. JPMorgan Chase & Co. upped their price objective on shares of AEVEX from $33.00 to $35.00 and gave the company an "overweight" rating in a research note on Tuesday, May 26th. Royal Bank Of Canada started coverage on shares of AEVEX in a research note on Tuesday, May 12th. They set an "outperform" rating and a $31.00 target price for the company. Raymond James Financial initiated coverage on shares of AEVEX in a research report on Tuesday, May 12th. They set an "outperform" rating and a $35.00 price target on the stock. Bank of America assumed coverage on shares of AEVEX in a research report on Tuesday, May 12th. They set a "buy" rating and a $34.00 price target on the stock. Finally, Jefferies Financial Group reiterated a "buy" rating and set a $33.00 price target on shares of AEVEX in a report on Monday, May 25th. Nine investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.89.
Read Our Latest Analysis on AVEX
AEVEX Profile
(
Free Report)
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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