Innovex International (NYSE:INVX) CFO Sells 20,868 Shares of Company Stock

Innovex International, Inc. (NYSE:INVX) CFO Kendal Reed sold 20,868 shares of the firm’s stock in a transaction on Thursday, November 12th. The shares were sold at an average price of $25.04, for a total transaction of $522,534.72. Following the completion of the transaction, the chief financial officer owned 188,566 shares in the company, valued at $4,721,692.64. The trade was a 9.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Innovex International Stock Performance

INVX traded up $0.20 during trading on Friday, hitting $25.24. The stock had a trading volume of 251,186 shares, compared to its average volume of 573,759. The firm has a market cap of $1.77 billion, a PE ratio of 36.58 and a beta of 0.98. The company has a current ratio of 4.43, a quick ratio of 2.80 and a debt-to-equity ratio of 0.02. Innovex International, Inc. has a 12 month low of $20.66 and a 12 month high of $33.71. The company has a 50 day simple moving average of $28.13 and a 200-day simple moving average of $27.17.

Innovex International (NYSE:INVX) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). Innovex International had a net margin of 4.75% and a return on equity of 8.29%. The firm had revenue of $265.05 million for the quarter, compared to the consensus estimate of $265.64 million. Analysts expect that Innovex International, Inc. will post 1.48 EPS for the current year.

Wall Street Analysts Forecast Growth

INVX has been the topic of a number of recent analyst reports. Weiss Ratings lowered Innovex International from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday. Zacks Research downgraded Innovex International from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 17th. Wall Street Zen lowered Innovex International from a “buy” rating to a “hold” rating in a report on Monday, August 17th. JPMorgan Chase & Co. initiated coverage on Innovex International in a report on Tuesday, October 27th. They issued a “neutral” rating and a $33.00 target price on the stock. Finally, Barclays lifted their price target on Innovex International from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.80.

Hedge Funds Weigh In On Innovex International

Several large investors have recently bought and sold shares of INVX. Empowered Funds LLC grew its position in Innovex International by 2.5% in the 3rd quarter. Empowered Funds LLC now owns 337,694 shares of the company’s stock worth $9,124,000 after purchasing an additional 8,216 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Innovex International by 2.3% during the 3rd quarter. First Trust Advisors LP now owns 453,000 shares of the company’s stock worth $12,240,000 after purchasing an additional 10,321 shares during the period. Heartland Advisors Inc. increased its holdings in shares of Innovex International by 3.9% during the 3rd quarter. Heartland Advisors Inc. now owns 461,902 shares of the company’s stock worth $12,481,000 after purchasing an additional 17,529 shares during the period. Voya Investment Management LLC raised its position in shares of Innovex International by 176.5% during the third quarter. Voya Investment Management LLC now owns 25,446 shares of the company’s stock valued at $688,000 after buying an additional 16,244 shares during the last quarter. Finally, Public Sector Pension Investment Board raised its position in shares of Innovex International by 31.1% during the third quarter. Public Sector Pension Investment Board now owns 173,649 shares of the company’s stock valued at $5,039,000 after buying an additional 41,194 shares during the last quarter.

Innovex International Company Profile

Innovex International designs and manufactures equipment and technologies used in the construction, completion and production of oil and natural gas wells. Its offerings include wellhead and subsea systems, drilling and completion equipment, downhole tools, and products used to connect and support well operations. The company was formed through the combination of Dril-Quip and Innovex Downhole Solutions, which joined in 2025. Innovex serves energy customers in major oil and gas regions around the world, with products and services intended for both onshore and offshore operations.