Arxis (NASDAQ:ARXS) Rating Increased to Strong-Buy at Jefferies Financial Group

Arxis (NASDAQ:ARXS) was upgraded by investment analysts at Jefferies Financial Group to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

ARXS has been the subject of a number of other reports. UBS Group set a $53.00 target price on Arxis in a report on Monday. William Blair assumed coverage on Arxis in a research report on Monday. They set an “outperform” rating on the stock. Wall Street Zen raised Arxis to a “hold” rating in a research report on Saturday, May 2nd. Wolfe Research assumed coverage on Arxis in a research report on Monday. They set an “outperform” rating and a $43.00 price target on the stock. Finally, Rothschild & Co Redburn began coverage on Arxis in a research note on Monday. They issued a “buy” rating and a $40.00 target price on the stock. Five research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $45.27.

Arxis Price Performance

NASDAQ ARXS opened at $38.56 on Monday. Arxis has a twelve month low of $34.44 and a twelve month high of $39.45.

Insider Buying and Selling

In other Arxis news, insider Jason Aaron Roth purchased 60,000 shares of Arxis stock in a transaction that occurred on Friday, April 17th. The stock was purchased at an average price of $28.00 per share, with a total value of $1,680,000.00. Following the completion of the acquisition, the insider owned 395,515 shares of the company’s stock, valued at approximately $11,074,420. This trade represents a 17.88% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Stephen Duane Oetgen purchased 25,000 shares of Arxis stock in a transaction that occurred on Friday, April 17th. The stock was acquired at an average cost of $28.00 per share, with a total value of $700,000.00. Following the acquisition, the director directly owned 30,357 shares of the company’s stock, valued at $849,996. The trade was a 466.68% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have bought 201,564 shares of company stock valued at $5,643,792.

About Arxis

We are a leading designer and manufacturer of proprietary, mission-critical electronic and mechanical components engineered for cutting-edge performance in extreme environments. Leveraging significant intellectual property (“IP”) and world-class engineering capabilities, we design and deliver innovative solutions that address some of our customers’ most complex performance needs. Arxis is the result of a deliberate and disciplined strategy executed by our sponsor, Arcline, and the Arxis management team to create a purpose-built, cohesive business through targeted acquisitions with similar product and end market characteristics.