New insider activity at Standex International ( (SXI) ) has taken place on February 12, 2025.
Director Ademir Sarcevic recently sold 2,000 shares of Standex International stock, amounting to a significant transaction worth $390,860.
Recent Updates on SXI stock
Standex International has recently seen significant developments, including the acquisition of McStarlite for $56.5M, expected to be accretive to earnings in its first year. This acquisition is part of Standex’s Engineering Technologies Group and is anticipated to boost the company’s strategic position in aerospace components. Additionally, DA Davidson raised the firm’s price target for Standex following a Q2 earnings beat, citing the successful integration of the Amran/Narayan Group and strong M&A benefits as key factors. Despite a decline in organic revenue, primarily due to softness in the automotive market, the company remains optimistic, supported by record adjusted operating margins and growth in fast-growth markets like electrical grids and defense. Standex’s updated long-term financial targets reflect a focus on achieving over $1.15 billion in sales and an adjusted operating margin above 23% by fiscal 2028, highlighting its strategic growth ambitions.
More about Standex International
YTD Price Performance: 4.13%
Average Trading Volume: 51,391
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $2.29B