Optex Systems (NASDAQ:OPXS) Raised to Strong-Buy at Freedom Capital

Optex Systems (NASDAQ:OPXS) was upgraded by stock analysts at Freedom Capital to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other equities analysts also recently issued reports on the company. Wall Street Zen downgraded Optex Systems from a “buy” rating to a “hold” rating in a research 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 Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Optex Systems currently has a consensus rating of “Buy”.

Optex Systems Price Performance

Shares of OPXS opened at $12.79 on Monday. Optex Systems has a 1 year low of $5.41 and a 1 year high of $17.76. The company has a market capitalization of $88.72 million, a price-to-earnings ratio of 19.38 and a beta of 0.71. The business has a 50-day moving average of $13.47 and a 200-day moving average of $14.20.

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

Insiders Place Their Bets

In other Optex Systems news, Director Danny Robert Schoening sold 28,924 shares of Optex Systems stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $14.06, for a total value of $406,671.44. Following the completion of the sale, the director directly owned 796,730 shares in the company, valued at approximately $11,202,023.80. The trade was a 3.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 27.70% of the company’s stock.

Institutional Investors Weigh In On Optex Systems

A number of hedge funds have recently added to or reduced their stakes in the business. Beacon Pointe Advisors LLC increased its holdings in Optex Systems by 15.5% in the fourth 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 in the last quarter. Vanguard Group Inc. increased its holdings in Optex Systems by 1.3% in the third 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 in the last quarter. Dimensional Fund Advisors LP increased its holdings in Optex Systems by 15.3% in the third 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. bought a new stake in Optex Systems in the second quarter worth approximately $30,000. Finally, Essex Investment Management Co. LLC increased 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 worth $298,000 after purchasing an additional 3,052 shares in the last quarter. 19.07% of the stock is currently owned by institutional investors.

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.