AEVEX (NYSE:AVEX) Shares Gap Up – Here’s What Happened

AEVEX Corp. (NYSE:AVEX) 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.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Raymond James Financial initiated coverage on shares of AEVEX in a research report on Tuesday, May 12th. They issued an “outperform” rating and a $35.00 price target for the company. Royal Bank Of Canada started coverage on AEVEX in a research report on Tuesday, May 12th. They set an “outperform” rating and a $31.00 price target on the stock. Bank of America started coverage on AEVEX in a research note on Tuesday, May 12th. They set a “buy” rating and a $34.00 price objective on the stock. Robert W. Baird started coverage on AEVEX in a research report on Tuesday, May 12th. They set an “outperform” rating and a $38.00 target price for the company. Finally, Zacks Research raised 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 assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $35.62.

AEVEX Stock Up 1.2%

The business’s 50 day moving average is $18.36. The stock has a market capitalization of $2.41 billion and a price-to-earnings ratio of 84.60. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.69 and a quick ratio of 2.63.

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 on Friday, June 5th. The stock was sold at an average price of $25.99, for a total value of $59,097,179.57. Following the sale, the insider owned 22,861,457 shares of the company’s stock, valued at approximately $594,169,267.43. This trade represents a 9.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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.