TheStreet Upgrades LMI Aerospace, Inc. (LMIA) to C-
LMI Aerospace, Inc. (NASDAQ:LMIA) was upgraded by TheStreet from a “d+” rating to a “c-” rating in a report issued on Monday.
Separately, Zacks Investment Research raised LMI Aerospace from a “sell” rating to a “hold” rating in a report on Tuesday, February 7th.
LMI Aerospace (NASDAQ:LMIA) traded down 0.07% during trading on Monday, hitting $13.94. 50,360 shares of the stock traded hands. LMI Aerospace has a 52 week low of $7.01 and a 52 week high of $14.00. The stock’s market cap is $190.99 million. The firm’s 50-day moving average is $13.86 and its 200 day moving average is $10.93.
LMI Aerospace (NASDAQ:LMIA) last announced its quarterly earnings data on Wednesday, May 10th. The aerospace company reported ($0.29) earnings per share for the quarter. The firm had revenue of $83.82 million for the quarter. LMI Aerospace had a positive return on equity of 3.81% and a negative net margin of 9.28%. Equities research analysts forecast that LMI Aerospace will post $0.16 earnings per share for the current fiscal year.
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A number of hedge funds have recently made changes to their positions in LMIA. Adage Capital Partners GP L.L.C. boosted its stake in shares of LMI Aerospace by 0.7% in the third quarter. Adage Capital Partners GP L.L.C. now owns 1,137,024 shares of the aerospace company’s stock valued at $8,107,000 after buying an additional 7,900 shares in the last quarter. TFS Capital LLC purchased a new stake in shares of LMI Aerospace during the first quarter valued at $166,000. K2 Principal Fund L.P. purchased a new stake in shares of LMI Aerospace during the first quarter valued at $207,000. Gabelli Funds LLC purchased a new stake in shares of LMI Aerospace during the first quarter valued at $264,000. Finally, Geode Capital Management LLC boosted its stake in shares of LMI Aerospace by 49.5% in the first quarter. Geode Capital Management LLC now owns 81,889 shares of the aerospace company’s stock valued at $1,128,000 after buying an additional 27,098 shares in the last quarter. 55.71% of the stock is owned by hedge funds and other institutional investors.
LMI Aerospace Company Profile
LMI Aerospace, Inc is a supplier of structural assemblies, kits and components, and design engineering services to the aerospace and defense markets. The Company operates in two business segments consisting of its Aerostructures segment and its Engineering Services segment. Its Aerostructures segment fabricates, machines, finishes, integrates, assembles and kits machined and formed close tolerance aluminum, specialty alloy and composite components and higher level assemblies for use by the aerospace and defense industries.
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