Ralph Whitworth, the activist investor who co-founded Relational Investors LLC, disclosed that his money-management firm acquired a 3.5 percent stake in B/E Aerospace Inc. (NASDAQ:BEAV), the maker of jet seats that is considering putting itself up for sale. Relational Investors added 3.65 million B/E Aerospace shares in the quarter ended March 31, according to a regulatory filing by the San Diego-based firm with the U.S. Securities and Exchange Commission. Relational, co-founded by Whitworth and David Batchelder, didn’t report holding any B/E Aerospace shares as of Dec. 31. B/E Aerospace surprised analysts by announcing on May 4 that the company had hired financial and legal advisers to consider a sale. B/E Aerospace Inc. (NASDAQ:BEAV) net profit margin is 10.50% and weekly performance is -3.01%. On last trading day company shares ended up $96.32. Analysts mean target price for the company is $102.05. B/E Aerospace Inc. (NASDAQ:BEAV) distance from 50-day simple moving average (SMA50) is 9.34%.
Air Industries Group Inc (NYSEMKT:AIRI) continues to remain solid with positive results during its three months period ended March 31, 2014. Consolidated net sales increased by 8% to $15.5 million from $14.3 million a year’s ego. The rise was due to increase in revenues recognized by Welding Metallurgy and Nassau Tool Works. Air Industries Group Inc. (NYSEMKT:AIRI) shares fell -6.35% in last trading session and ended the day on $10.98. AIRI gross Margin is 24.20% and its return on assets is 7.20%.Air Industries Group Inc. (NYSEMKT:AIRI) quarterly performance is 30.15%.
Tecumseh Products Company (NASDAQ:TECU) which manufactures hermetically sealed compressors for residential and specialty air conditioning and other household and commercial appliances, announced a net loss of -$11.1 million, or 60 cents per share, compared to a net loss of -$8.4 million, or 45 cents per share from the year ago quarter. Tecumseh Products Company (NASDAQ:TECU) shares moved down -1.08% in last trading session and was closed at $5.49, while trading in range of $5.35 – $5.61. Tecumseh Products Company (NASDAQ:TECU) year to date (YTD) performance is -39.54%.
Magnetek, Inc. (NASDAQ:MAG) reported Q1 EPS of $0.36, $0.04 better than the analyst estimate of $0.32. Revenue for the quarter came in at $24.11 million, versus $25.06 million reported last year. Magnetek Inc. (NASDAQ:MAG) ended the last trading day at $21.52. Company weekly volatility is calculated as 3.77% and price to cash ratio as 4.78.Magnetek Inc. (NASDAQ:MAG) showed a negative weekly performance of -0.88%.