JFS Wealth Advisors LLC purchased a new stake in Air Industries Group Inc (NYSEAMERICAN:AIRI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 27,324 shares of the aerospace company’s stock, valued at approximately $30,000. JFS Wealth Advisors LLC owned 0.10% of Air Industries Group as of its most recent filing with the Securities & Exchange Commission.
In related news, Director Peter Rettaliata sold 46,667 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $1.00, for a total transaction of $46,667.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Separately, Zacks Investment Research raised Air Industries Group from a “hold” rating to a “buy” rating and set a $1.25 target price on the stock in a research report on Thursday.
Air Industries Group (NYSEAMERICAN:AIRI) last issued its earnings results on Thursday, August 8th. The aerospace company reported ($0.03) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.03). The firm had revenue of $13.37 million for the quarter, compared to analyst estimates of $13.50 million.
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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