Optex Systems (NASDAQ:OPXS) Trading 3% Higher – Still a Buy?

Optex Systems Holdings Inc. (NASDAQ:OPXS) traded up 3% during mid-day trading on Wednesday . The company traded as high as $14.00 and last traded at $13.63. 18,362 shares traded hands during trading, a decline of 40% from the average session volume of 30,748 shares. The stock had previously closed at $13.23.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on OPXS shares. Wall Street Zen downgraded Optex Systems from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. Weiss Ratings downgraded Optex Systems from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 13th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Optex Systems has an average rating of “Hold”.

Optex Systems Stock Performance

The company’s fifty day moving average price is $13.60 and its two-hundred day moving average price is $14.16. The firm has a market capitalization of $94.59 million, a PE ratio of 20.65 and a beta of 0.71.

Optex Systems (NASDAQ:OPXS) last released its earnings results on Wednesday, February 11th. The company reported $0.03 earnings per share (EPS) for the quarter. The firm had revenue of $9.15 million during the quarter. Optex Systems had a net margin of 10.75% and a return on equity of 22.12%.

Insider Activity at Optex Systems

In other news, Director Danny Robert Schoening sold 28,924 shares of the company’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $14.06, for a total transaction of $406,671.44. Following the completion of the sale, the director directly owned 796,730 shares in the company, valued at $11,202,023.80. This represents a 3.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last three months, insiders sold 76,431 shares of company stock worth $1,037,280. Corporate insiders own 27.70% of the company’s stock.

Institutional Investors Weigh In On Optex Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Beacon Pointe Advisors LLC raised its holdings in shares of Optex Systems by 15.5% in the 4th quarter. Beacon Pointe Advisors LLC now owns 14,050 shares of the company’s stock worth $199,000 after purchasing an additional 1,890 shares during the period. Vanguard Group Inc. grew its holdings in shares of Optex Systems by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 158,087 shares of the company’s stock worth $2,038,000 after purchasing an additional 1,975 shares during the period. Dimensional Fund Advisors LP increased its position in Optex Systems by 15.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 18,394 shares of the company’s stock worth $237,000 after purchasing an additional 2,438 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Optex Systems in the second quarter valued at approximately $30,000. Finally, Essex Investment Management Co. LLC raised its holdings in Optex Systems by 15.2% in the third quarter. Essex Investment Management Co. LLC now owns 23,126 shares of the company’s stock valued at $298,000 after buying an additional 3,052 shares during the period. 19.07% of the stock is currently owned by institutional investors and hedge funds.

About Optex Systems

Optex Systems Holdings, Inc (NASDAQ: OPXS) is a technology company specializing in infrared sensing systems for defense and homeland security applications. The company engineers, designs and manufactures electro-optical and infrared (EO/IR) payloads and sensors used across a range of surveillance and targeting platforms. Its core focus areas include mission-critical solutions for unmanned aerial vehicles (UAVs), rotary- and fixed-wing aircraft, and ground-based observation systems.

Optex Systems’ product portfolio consists of high-resolution thermal imaging cameras, infrared seekers, laser designators and multispectral platforms.