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

Key Points

• Arxis insider Ross Bradley Sealfon sold 15,000 shares for $783,450 at an average price of $52.23, reducing his holdings by 1.36% to 1,087,807 shares.
• Analyst sentiment is broadly positive: 11 analysts rate the stock Buy and two rate it Hold, giving Arxis a consensus “Moderate Buy” rating and an average price target of $55.36.
• Institutional ownership also saw notable additions, including State Street’s 566.8% increase in its holdings during the third quarter.

Arxis, Inc. (NASDAQ:ARXS - Get Free Report) insider Ross Bradley Sealfon sold 15,000 shares of the business's stock in a transaction dated Wednesday, November 11th. The stock was sold at an average price of $52.23, for a total transaction of $783,450.00. Following the transaction, the insider owned 1,087,807 shares in the company, valued at $56,816,159.61. This represents a 1.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Arxis Stock Performance

Shares of ARXS stock traded down $0.48 on Friday, reaching $53.31. The stock had a trading volume of 682,613 shares, compared to its average volume of 1,020,011. 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's 50-day moving average is $50.99 and its two-hundred day moving average is $46.54. The firm has a market capitalization of $22.96 billion and a price-to-earnings ratio of 136.69. Arxis, Inc. has a 12 month low of $33.15 and a 12 month high of $61.50.

Wall Street Analyst Weigh In

Several analysts have issued reports on ARXS shares. Weiss Ratings upgraded Arxis from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, November 2nd. Wells Fargo & Company lifted their target price on Arxis from $52.00 to $63.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 4th. Morgan Stanley boosted their target price on Arxis from $62.00 to $66.00 and gave the stock an "overweight" rating in a report on Friday, October 30th. Jefferies Financial Group restated a "buy" rating and issued a $60.00 price target on shares of Arxis in a research note on Sunday, August 2nd. Finally, Royal Bank Of Canada raised their price target on Arxis from $60.00 to $64.00 and gave the company an "outperform" rating in a report on Friday, October 30th. 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.com, Arxis has a consensus rating of "Moderate Buy" and an average target price of $55.36.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of Arxis by 566.8% during the third quarter. State Street Corp now owns 1,437,598 shares of the company's stock worth $71,003,000 after buying an additional 1,221,988 shares in the last quarter. Stephens Investment Management Group LLC bought a new position in Arxis during the third quarter worth about $36,109,000. Squarepoint Ops LLC bought a new position in Arxis during the second quarter worth about $19,506,000. Voya Investment Management LLC acquired a new stake in Arxis in the 3rd quarter worth about $19,180,000. Finally, Alyeska Investment Group L.P. acquired a new stake in Arxis in the 2nd quarter worth about $13,842,000.

About Arxis

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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