Insider Selling: Ronald S. Saks Sells 18,000 Shares of LMI Aerospace Stock (LMIA)
LMI Aerospace (NASDAQ:LMIA) Director Ronald S. Saks sold 18,000 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $14.18, for a total value of $255,240.00. Following the completion of the transaction, the director now directly owns 1,131,380 shares in the company, valued at approximately $16,042,968. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
LMI Aerospace (NASDAQ:LMIA) traded down 0.42% on Friday, hitting $14.17. 41,950 shares of the company’s stock traded hands. LMI Aerospace has a 1-year low of $10.81 and a 1-year high of $16.40. The stock’s 50-day moving average is $13.44 and its 200-day moving average is $13.87. The company’s market cap is $180.5 million.
LMI Aerospace (NASDAQ:LMIA) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.13 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.05 by $0.08. The company had revenue of $105.90 million for the quarter, compared to the consensus estimate of $99.60 million. During the same quarter last year, the company posted $0.37 earnings per share. LMI Aerospace’s revenue was up .4% compared to the same quarter last year. On average, analysts predict that LMI Aerospace will post $-0.02 earnings per share for the current fiscal year.
LMI Aerospace, Inc (NASDAQ:LMIA) is a provider of design engineering services, structural assemblies, kits and components to the aerospace, defense and technology markets.
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