New insider activity at Standex International ( (SXI) ) has taken place on February 14, 2025.
Max Arets, the Vice President and Chief Information Officer of Standex International, has recently made a notable acquisition of the company’s stock. Arets purchased 63 shares, totaling a significant investment of $12,033.
Recent Updates on SXI stock
Standex International has recently acquired McStarlite, a specialist in complex sheet metal aerospace components, which is expected to positively impact its earnings. The acquisition aligns with Standex’s strategic focus on expanding its Engineering Technologies Group. Following the acquisition and positive Q2 earnings that surpassed expectations, DA Davidson raised Standex’s price target, citing continued M&A benefits and internal organic growth from the Amran/Narayan acquisition. The recent earnings call highlighted strong adjusted operating margins and growth in fast-growth markets. However, challenges such as a decline in organic revenue, particularly in the automotive and industrial markets, and reduced cash flow due to acquisition expenses were noted. Despite these challenges, Standex remains optimistic, projecting higher revenues for upcoming quarters and updating long-term financial targets, aiming for significant growth by 2028.
More about Standex International
YTD Price Performance: 0.79%
Average Trading Volume: 52,071
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $2.26B
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