Mitsubishi UFJ Asset Management Co. Ltd. Buys 103,300 Shares of Firefly Aerospace, Inc. $FLY

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Firefly Aerospace, Inc. (NASDAQ:FLY) by 478.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 124,900 shares of the company’s stock after purchasing an additional 103,300 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Firefly Aerospace were worth $2,968,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. BNP Paribas Financial Markets bought a new position in shares of Firefly Aerospace in the third quarter worth approximately $26,000. CIBC Private Wealth Group LLC bought a new position in Firefly Aerospace during the third quarter valued at approximately $26,000. NBC Securities Inc. bought a new position in Firefly Aerospace during the fourth quarter valued at approximately $38,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Firefly Aerospace during the third quarter valued at approximately $55,000. Finally, SBI Securities Co. Ltd. bought a new position in Firefly Aerospace during the third quarter valued at approximately $74,000.

Insider Activity

In related news, General Counsel David Leigh Wheeler sold 3,766 shares of the firm’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $45.04, for a total value of $169,620.64. Following the completion of the sale, the general counsel owned 142,758 shares of the company’s stock, valued at $6,429,820.32. This trade represents a 2.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 7.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on FLY shares. UBS Group set a $33.00 price target on shares of Firefly Aerospace in a research report on Thursday, March 12th. The Goldman Sachs Group increased their price target on shares of Firefly Aerospace from $29.00 to $32.00 and gave the company a “neutral” rating in a research report on Monday, April 20th. Morgan Stanley increased their price target on shares of Firefly Aerospace from $33.00 to $37.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 5th. Roth Mkm increased their price target on shares of Firefly Aerospace from $35.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Finally, Jefferies Financial Group increased their price target on shares of Firefly Aerospace from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Monday, April 13th. Six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $40.56.

Firefly Aerospace Stock Down 3.6%

Shares of Firefly Aerospace stock opened at $38.24 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.53 and a current ratio of 2.53. Firefly Aerospace, Inc. has a 52-week low of $16.00 and a 52-week high of $73.80. The stock has a market capitalization of $6.13 billion and a price-to-earnings ratio of -4.69. The company’s 50 day moving average price is $30.38 and its 200-day moving average price is $25.72.

Firefly Aerospace (NASDAQ:FLY) last issued its earnings results on Monday, May 4th. The company reported ($0.46) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.50) by $0.04. Firefly Aerospace had a negative net margin of 181.16% and a negative return on equity of 40.96%. The firm had revenue of $80.88 million for the quarter. During the same quarter in the prior year, the business posted ($5.09) EPS. The firm’s revenue for the quarter was up 44.8% on a year-over-year basis. Equities research analysts forecast that Firefly Aerospace, Inc. will post -1.81 EPS for the current year.

Firefly Aerospace Company Profile

Firefly Aerospace (NASDAQ:FLY) is a U.S.-based aerospace company that designs, manufactures and operates launch vehicles and in-space systems for commercial, civil and national security customers. The company focuses on providing end-to-end small- and medium-lift launch services, mission integration and spacecraft hardware to support satellite deployment and on-orbit operations.

Firefly’s product portfolio includes the Alpha small launch vehicle, developed to carry small satellites to low Earth orbit, and plans for larger vehicles and in-space capabilities to address a range of payload sizes and mission profiles.