LMI Aerospace, Inc. (LMIA) CFO Sells $416,682.00 in Stock
LMI Aerospace, Inc. (NASDAQ:LMIA) CFO Clifford Jr. Stebe sold 29,763 shares of the company’s stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $14.00, for a total value of $416,682.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of LMI Aerospace, Inc. (NASDAQ:LMIA) remained flat at $13.99 during midday trading on Wednesday. 908 shares of the company were exchanged. LMI Aerospace, Inc. has a 52-week low of $7.01 and a 52-week high of $14.02. The stock’s market capitalization is $189.97 million. The stock has a 50-day moving average of $13.94 and a 200-day moving average of $11.97.
LMI Aerospace (NASDAQ:LMIA) last issued its earnings results on Wednesday, May 10th. The aerospace company reported ($0.29) EPS for the quarter. The firm had revenue of $83.82 million during the quarter. LMI Aerospace had a negative return on equity of 5.84% and a negative net margin of 11.62%. On average, analysts predict that LMI Aerospace, Inc. will post ($0.09) earnings per share for the current year.
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A number of equities analysts recently issued reports on LMIA shares. ValuEngine raised LMI Aerospace from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. TheStreet raised LMI Aerospace from a “d+” rating to a “c-” rating in a report on Monday, May 15th. Four research analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus price target of $8.63.
Several hedge funds and other institutional investors have recently modified their holdings of LMIA. TFS Capital LLC purchased a new position in shares of LMI Aerospace during the first quarter valued at approximately $166,000. K2 Principal Fund L.P. bought a new stake in shares of LMI Aerospace during the first quarter valued at about $207,000. Gabelli Funds LLC bought a new stake in shares of LMI Aerospace during the first quarter valued at about $264,000. Public Employees Retirement System of Ohio bought a new stake in shares of LMI Aerospace during the first quarter valued at about $289,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of LMI Aerospace during the first quarter valued at about $511,000. Institutional investors own 46.89% of the company’s stock.
About LMI Aerospace
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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