Innovex International (NYSE:INVX) Stock: Insider Kendal Reed Sells 20,868 Shares

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

Innovex International Trading Up 0.8%

Shares of NYSE INVX traded up $0.20 during midday trading on Friday, hitting $25.24. 251,186 shares of the company traded hands, compared to its average volume of 636,204. Innovex International, Inc. has a 12-month low of $20.66 and a 12-month high of $33.71. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.80 and a current ratio of 4.43. The stock has a 50-day moving average price of $28.02 and a 200 day moving average price of $27.16. The firm has a market cap of $1.77 billion, a P/E ratio of 36.58 and a beta of 0.98.

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. initiated coverage on Innovex International in a research report on Tuesday, October 27th. They set a “neutral” rating and a $33.00 price target on the stock. Citigroup increased their price objective on Innovex International from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday, August 26th. Wall Street Zen lowered Innovex International from a “buy” rating to a “hold” rating in a research report on Monday, August 17th. Weiss Ratings lowered Innovex International from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday, November 9th. Finally, Barclays boosted their target price on shares of Innovex International from $26.00 to $27.00 and gave the company an “equal weight” rating in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $32.80.

Hedge Funds Weigh In On Innovex International

Large investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in Innovex International during the 2nd quarter valued at about $160,389,000. Bank of America Corp DE bought a new stake in Innovex International during the 2nd quarter valued at about $16,540,000. William Blair Investment Management LLC purchased a new position in Innovex International in the second quarter worth about $11,492,000. Heartland Advisors Inc. purchased a new position in Innovex International in the second quarter worth about $11,020,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Innovex International by 14.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,646,376 shares of the company’s stock worth $64,544,000 after buying an additional 335,839 shares in the last quarter.

About Innovex International

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.