Insider Buying: Air Industries Group Inc (AIRI) Insider Buys 47,362 Shares of Stock

Air Industries Group Inc (NYSEAMERICAN:AIRI) insider David S. Richmond bought 47,362 shares of the company’s stock in a transaction on Thursday, June 14th. The shares were acquired at an average price of $1.64 per share, with a total value of $77,673.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Air Industries Group stock opened at $1.30 on Thursday. Air Industries Group Inc has a fifty-two week low of $1.05 and a fifty-two week high of $1.95.

Air Industries Group (NYSEAMERICAN:AIRI) last posted its quarterly earnings results on Wednesday, August 15th. The aerospace company reported ($0.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.03). The firm had revenue of $15.82 million for the quarter, compared to analysts’ expectations of $12.88 million.

Separately, Zacks Investment Research raised shares of Air Industries Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 28th.

An institutional investor recently raised its position in Air Industries Group stock. BlackRock Inc. increased its holdings in Air Industries Group Inc (NYSEAMERICAN:AIRI) by 1,362.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,136 shares of the aerospace company’s stock after buying an additional 56,023 shares during the period. BlackRock Inc. owned about 0.24% of Air Industries Group worth $108,000 as of its most recent filing with the Securities & Exchange Commission.

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Air Industries Group Company Profile

Air Industries Group, an aerospace and defense company, designs and manufactures structural parts and assemblies that focus on flight safety. The company operates through three segments: Complex Machining, Aerostructures & Electronics, and Turbine Engine Components. It offers landing gear, arresting gear, engine mounts, flight controls, throttle quadrants, jet engines, and other components; sheet metal fabrication of aero structures; and tube bending and welding services.

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