Air Industries Group Inc (AIRI) Insider David S. Richmond Buys 47,362 Shares of Stock

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Air Industries Group Inc (NYSEAMERICAN:AIRI) insider David S. Richmond purchased 47,362 shares of the firm’s stock in a transaction that occurred on Thursday, June 14th. The shares were bought 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 is available through this link.

Shares of NYSEAMERICAN:AIRI opened at $1.34 on Wednesday. Air Industries Group Inc has a 1 year low of $1.05 and a 1 year high of $1.95.

Air Industries Group (NYSEAMERICAN:AIRI) last announced its quarterly earnings data on Wednesday, August 15th. The aerospace company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). The business had revenue of $15.82 million during the quarter, compared to analysts’ expectations of $12.88 million.

A hedge fund recently raised its position in Air Industries Group stock. BlackRock Inc. grew its position in shares of Air Industries Group Inc (NYSEAMERICAN:AIRI) by 1,362.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,136 shares of the aerospace company’s stock after buying an additional 56,023 shares during the period. BlackRock Inc. owned 0.24% of Air Industries Group worth $108,000 at the end of the most recent reporting period.

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

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About Air Industries Group

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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