Air Industries Group (NYSE:AIRI) insider have most recently took part in a trading activity. On Nov 29, 2017 Taglich Michael N, Director, 10% Owner bought 144,927 shares having total worth of $199,999 at the price of $1.38 per share, following the transaction a total of 3,189,850 shares owned by Taglich Michael N.
Shares of Air Industries Group (NYSE:AIRI) traded up 1.81% on Dec 29, 2017, hitting $1.69. 101,550 shares of the company’s stock traded hands. Air Industries Group has a 52 week low of $1.2 and a 52 week high of $4.89. The company’s market cap is $35 million.
Air Industries Group (NYSE:AIRI) last announced its earnings results on May 30, 2017. The company reported -0.21 earnings per share (EPS) for the quarter, lower than the consensus estimate of 0.10 by $0.31. The company had revenue of $16 million for the quarter, compared to the consensus estimate of $27 million.
|earnings per share||-0.21||0.00||0.04||-0.08||0.01||0.05||0.09||0.06||0.12||0.43|
Air Industries Group, Inc., was founded in 1969. Through its wholly-owned subsidiary, the Company manufacture aircraft structural parts and assemblies for prime defense contractors in the aerospace industry including, Sikorsky, Lockheed Martin, Boeing and Northrop Grumman. AIM is a provider of flight critical, technically complex structures: Its parts are installed onboard Sikorky’s VH-3D, otherwise known as Marine One, the Presidential helicopter and on Air Force One, Boeing’s 747-2000B customized for use by the President. The Company is the supplier of flight safety components for Sikorsky. In addition, the world wide commercial aircraft industry is experiencing an increase in activity as a consequence of growth in passenger flights and air cargo traffic, and the development of the Boeing 787 Fuel Efficient Dreamliner. The markets for AIM’s products are competitive. For the most part the Company manufactures items to customer design and compete against companies that have similar manufacturing capabilities in a global marketplace. Many of the Company’s competitors are well-established subcontractors engaged in the supply of aircraft parts and components to prime military contractors and commercial aviation manufacturers, including Monitor Aerospace, a division of Stellex Aerospace, Hydromil, a division of Triumph Aerospace Group, Heroux Aerospace and Ellanef Manufacturing, a division of Magellan Corporation. As a product integrator its manufacturing processes require purchase of raw materials, hardware and subcontracted details. Price and availability of many raw materials utilized in the aerospace industry are subject to volatile global markets. Most suppliers are unwilling to commit to long-term contracts, which can represent a risk as its strategy often involves long term fixed pricing with the Company’s customers. The Company also intends to expand its operations through internal growth. It would seek to attract new customers through proactive industry marketing efforts including direct sales programs, participation at trade shows, technical society meetings and similar activities.
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