JFS Wealth Advisors LLC acquired a new position in shares of Air Industries Group Inc (NYSEAMERICAN:AIRI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 27,324 shares of the aerospace company’s stock, valued at approximately $30,000.
In other Air Industries Group news, Director Peter Rettaliata sold 46,667 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $1.00, for a total value of $46,667.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Separately, Zacks Investment Research raised Air Industries Group from a “hold” rating to a “buy” rating and set a $1.25 price target on the stock in a report on Thursday.
Air Industries Group (NYSEAMERICAN:AIRI) last released its quarterly earnings results on Thursday, August 8th. The aerospace company reported ($0.03) earnings per share for the quarter, meeting the consensus estimate of ($0.03). The business had revenue of $13.37 million during the quarter, compared to analysts’ expectations of $13.50 million.
Air Industries Group 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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