LMI Aerospace, Inc. (NASDAQ:LMIA) has received a consensus broker rating score of 0.00 () from the three brokers that provide coverage for the company, Zacks Investment Research reports. Three research analysts have rated the stock with a hold recommendation.
Brokerages have set a twelve-month consensus target price of $14.00 for the company and are expecting that the company will post $0.02 EPS for the current quarter, according to Zacks. Zacks has also assigned LMI Aerospace an industry rank of 166 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research cut LMI Aerospace from a “hold” rating to a “sell” rating in a research note on Wednesday, January 11th.
Shares of LMI Aerospace (NASDAQ:LMIA) opened at 13.76 on Tuesday. LMI Aerospace has a 1-year low of $7.01 and a 1-year high of $13.94. The stock’s market capitalization is $185.09 million. The firm has a 50-day moving average price of $11.71 and a 200-day moving average price of $8.95.
Several large investors have recently modified their holdings of LMIA. Plancorp LLC boosted its stake in shares of LMI Aerospace by 31.6% in the third quarter. Plancorp LLC now owns 32,906 shares of the company’s stock worth $235,000 after buying an additional 7,906 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of LMI Aerospace by 36.0% in the fourth quarter. Renaissance Technologies LLC now owns 364,800 shares of the company’s stock worth $3,145,000 after buying an additional 96,500 shares during the last quarter. Paradigm Capital Management Inc. NY boosted its stake in shares of LMI Aerospace by 1.8% in the third quarter. Paradigm Capital Management Inc. NY now owns 687,000 shares of the company’s stock worth $4,899,000 after buying an additional 12,200 shares during the last quarter. Rutabaga Capital Management LLC MA boosted its stake in shares of LMI Aerospace by 4.2% in the third quarter. Rutabaga Capital Management LLC MA now owns 696,593 shares of the company’s stock worth $5,231,000 after buying an additional 28,050 shares during the last quarter. Finally, 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 company’s stock worth $8,107,000 after buying an additional 7,900 shares during the last quarter. 55.71% of the stock is owned by institutional investors and hedge funds.
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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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