Anchor Capital Increases SXI Position to $20.85 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
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Source: Fool
- Share Increase: Anchor Capital Management increased its position in Standex International Corporation (SXI) by 29,998 shares during Q3, bringing total holdings to 98,394 shares valued at $20.85 million, indicating strong confidence in the company.
- Portfolio Optimization: This acquisition makes SXI the second-largest position in Anchor Capital's portfolio, accounting for 17.95% of its 13F assets under management, reflecting a concentrated investment strategy in the industrial sector.
- Significant Revenue Growth: Standex's latest quarter saw a 27.6% year-over-year increase in sales to $217.4 million, driven by acquisitions and accelerating demand in fast-growing markets such as electrical grid infrastructure, defense, aviation, and space, enhancing its competitive edge.
- Improved Profitability: Adjusted operating margin expanded by 210 basis points year-over-year to 19.1%, while adjusted EBITDA rose 38% to $47.1 million, with management raising the fiscal 2026 revenue outlook to expect over $110 million in incremental sales, showcasing the company's growth potential.
SXI
$229.42+Infinity%1D
Analyst Views on SXI
Wall Street analysts forecast SXI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SXI is 264.25 USD with a low forecast of 260.00 USD and a high forecast of 272.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 230.010
Low
260.00
Averages
264.25
High
272.00
Current: 230.010
Low
260.00
Averages
264.25
High
272.00
About SXI
Standex International Corporation is a global multi-industry manufacturer. Its segments include Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions. Electronics segment manufactures and sells electronic components for applications throughout the end user market spectrum. Engraving segment offers mold texturizing, slush molding tools, and project management and design services. Scientific segment sells specialty temperature-controlled equipment for the medical, scientific, pharmaceutical, biotech and industrial markets. Engineering Technologies segment provides net and near net formed single-source customized solutions in the manufacture of engineered components for the aviation, aerospace, defense, energy, industrial, medical, marine, oil and gas, and manned and unmanned space markets. Specialty Solutions segment manufactures and sells refrigerated, heated and dry merchandizing display cases and single and double acting telescopic.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
