AEVEX Corp.’s Lock-Up Period Will End Tomorrow (NYSE:AVEX)

AEVEX’s (NYSE:AVEX) lock-up period will end on Wednesday, October 14th. AEVEX had issued 16,000,000 shares in its public offering on April 17th. The total size of the offering was $320,000,000 based on an initial share price of $20.00. After the end of the company’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on AVEX shares. Jefferies Financial Group started coverage on AEVEX in a research report on Wednesday, September 23rd. They set a “buy” rating and a $26.00 price target on the stock. Weiss Ratings assumed coverage on AEVEX in a report on Friday, August 14th. They set a “sell (d)” rating on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price target on shares of AEVEX in a report on Thursday, August 13th. Piper Sandler began coverage on AEVEX in a research report on Wednesday, September 2nd. They issued a “neutral” rating and a $20.00 price target on the stock. Finally, Royal Bank Of Canada decreased their target price on AEVEX from $31.00 to $26.00 and set an “outperform” rating for the company in a research report on Monday. Nine analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $32.56.

AEVEX Price Performance

Shares of NYSE AVEX opened at $14.36 on Tuesday. The company has a market cap of $1.64 billion and a PE ratio of 44.88. AEVEX has a fifty-two week low of $13.07 and a fifty-two week high of $42.34. The firm has a 50-day moving average of $17.34. The company has a debt-to-equity ratio of 1.15, a current ratio of 5.66 and a quick ratio of 5.50.

AEVEX (NYSE:AVEX) last announced its quarterly earnings results on Wednesday, August 12th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.05). The business had revenue of $201.79 million for the quarter, compared to analysts’ expectations of $155.15 million. The firm’s revenue was up 99.5% on a year-over-year basis. On average, sell-side analysts expect that AEVEX will post 0.51 EPS for the current year.

Institutional Investors Weigh In On AEVEX

A number of institutional investors have recently modified their holdings of the business. State Street Corp bought a new stake in AEVEX during the second quarter worth about $6,885,000. WINTON GROUP Ltd acquired a new position in shares of AEVEX during the 2nd quarter worth $343,000. HighTower Advisors LLC acquired a new stake in AEVEX in the second quarter valued at about $269,000. Readystate Asset Management LP bought a new position in shares of AEVEX in the second quarter worth about $1,044,000. Finally, Concurrent Investment Advisors LLC bought a new stake in shares of AEVEX during the 2nd quarter valued at approximately $2,381,000.

About AEVEX

AEVEX Aerospace (NYSE: AVEX) is a defense technology company that develops and delivers aerospace, autonomous systems, and national security solutions. The company supports government and defense customers with capabilities spanning intelligence, surveillance and reconnaissance, precision effects, mission systems, and operational support.

Its offerings include unmanned aircraft systems, autonomous platforms, specialized payloads, counter-unmanned aircraft technologies, signals intelligence and geospatial intelligence solutions, as well as mission planning, training, sustainment, and modernization services.