Intel stock extends gains after report of possible U.S. government stake
Nicholas DeBenedictis, a director at Mistras Group, Inc. (NYSE:MG), a $313 million market cap company with "GOOD" financial health according to InvestingPro, has made significant purchases of the company’s common stock, according to a recent SEC filing. On March 18, 2025, DeBenedictis acquired a total of 10,000 shares at a weighted average price of $9.84 per share. This transaction was followed by additional purchases on March 19 and March 20, where he acquired 8,962 shares at a weighted average price of $10.04 and 1,038 shares at $10.01, respectively. The stock currently trades at $10.01, with analysts setting price targets between $15 and $16, suggesting potential upside.
These transactions resulted in a total investment of $198,768, with the price per share ranging from $9.75 to $10.05. Following these acquisitions, DeBenedictis holds 227,511 shares directly, with an additional 25,000 shares held indirectly by his spouse. According to InvestingPro’s analysis, Mistras Group appears undervalued, with strong fundamentals including a P/E ratio of 16.25 and positive earnings forecasts. Get deeper insights into insider trading patterns and comprehensive valuation metrics with InvestingPro’s detailed research reports.
In other recent news, Mistras Group Inc . reported its fourth-quarter 2024 earnings, revealing an earnings per share (EPS) of $0.24, which exceeded analysts’ expectations of $0.16. However, the company’s revenue for the quarter was $172.73 million, falling short of the anticipated $177.06 million. Despite the revenue miss, the full-year 2024 revenue increased by 3.4% to $729.6 million, and operating income reached $39.8 million, marking the highest level since 2016. Mistras has been expanding its digital capabilities and strengthening its position in the aerospace and defense sectors, which contributed to its improved performance. The company is also focusing on digital innovation and expanding its aerospace and defense capabilities. Looking forward, Mistras plans to release its 2025 guidance, emphasizing profitable growth and margin expansion. The company is also monitoring potential impacts from U.S. foreign tariffs and expects a normalized turnaround season in 2025.
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