AEVEX (NYSE:AVEX) Stock Sees Heavy Call Option Buying

AEVEX Corp. (NYSE:AVEX) was the target of unusually large options trading on Thursday. Traders bought 3,951 call options on the company. This is an increase of approximately 176% compared to the typical volume of 1,434 call options.

AEVEX Stock Performance

Shares of NYSE:AVEX opened at $12.62 on Friday. The company has a quick ratio of 5.50, a current ratio of 5.66 and a debt-to-equity ratio of 1.15. AEVEX has a 1-year low of $8.95 and a 1-year high of $42.34. The firm’s 50 day simple moving average is $14.03 and its two-hundred day simple moving average is $19.27.

AEVEX (NYSE:AVEX) last issued its quarterly earnings results on Thursday, November 12th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.49). The business had revenue of $189.70 million during the quarter. The firm’s revenue was up 56.5% on a year-over-year basis. On average, research analysts anticipate that AEVEX will post 0.48 EPS for the current year.

Analyst Ratings Changes

AVEX has been the subject of several research reports. Weiss Ratings reissued a “sell (d)” rating on shares of AEVEX in a report on Thursday. Jefferies Financial Group restated a “buy” rating on shares of AEVEX in a report on Thursday, October 22nd. Needham & Company LLC cut their target price on shares of AEVEX from $45.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday. UBS Group set a $13.00 target price on shares of AEVEX in a research report on Thursday, October 22nd. Finally, Piper Sandler boosted their target price on shares of AEVEX from $13.00 to $15.00 and gave the company a “neutral” rating in a research note on Thursday. Eleven 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.55.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of AEVEX during the 3rd quarter worth about $30,000. State of Alaska Department of Revenue bought a new position in AEVEX during the 3rd quarter valued at about $45,000. SBI Securities Co. Ltd. grew its holdings in AEVEX by 157.2% during the 3rd quarter. SBI Securities Co. Ltd. now owns 5,402 shares of the company’s stock valued at $82,000 after purchasing an additional 3,302 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in AEVEX during the 3rd quarter valued at about $130,000. Finally, HighTower Advisors LLC purchased a new stake in AEVEX in the 2nd quarter worth about $269,000.

AEVEX News Summary

Here’s some of the latest news about AVEX:

• Neutral Sentiment: Piper Sandler raised its price target from $13 to $15 but kept a Neutral rating, signaling some potential upside without a stronger recommendation. Piper Sandler price target article
• Neutral Sentiment: Call-option trading was unusually active, rising about 176% above its typical daily volume; this points to increased investor activity but does not establish a clear direction.
• Negative Sentiment: Needham cut its price target sharply, from $45 to $30. It maintained a Buy rating, but the reduction reflects a more cautious valuation view. Needham price target article

About AEVEX

AEVEX Corporation (NYSE: AVEX) provides defense and intelligence customers with unmanned aircraft systems and related mission solutions. Its work includes designing, building and integrating aircraft, sensors and other mission equipment for operational use. The company also offers engineering, training and operational support services. These capabilities help customers plan and conduct missions that rely on aerial surveillance, reconnaissance and other specialized aviation functions. AEVEX serves government and defense customers, including U.S. and allied users.