Insider buying after record earnings and a 92% aerospace revenue surge suggests management sees further upside. Monitor the next quarterly filing for backlog conversion and margin expansion in Aerospace Products.
Price Chart
Executive Summary
Three insiders at Butler National Corp made open-market purchases totaling ~$114K over a week, following the company's record Q1 FY2027 earnings (revenue +53% to $30.8M, operating income +59% to $7.4M). The cluster includes a director, a 10% owner, and another director, all buying at ~$3.91-$4.10 per share, signaling confidence in the company's accelerating aerospace segment (backlog $51.1M). The purchases are small relative to market cap but notable for their timing just after a strong earnings release.
Key Financial Metrics
Key Facts
- Three insiders made open-market purchases totaling ~$114,000 in a 7-day window
- Purchases occurred 3-4 days after record Q1 FY2027 earnings (revenue $30.8M, +53% YoY)
- Aerospace Products revenue surged 92% to $21.7M with backlog at $51.1M
- Veradace Partners LP (10% owner) bought 40,000 shares at $4.09 on Sep 14
- Director Loh Michael Anthony bought 10,000 shares at $3.91 on Sep 15
- Director Daly Joseph Patrick made multiple small purchases totaling ~$6K at $3.90-$4.04
Financial Impact
~$114K in insider purchases, representing <0.1% of market cap
Risk Factors
- Small absolute dollar amount relative to market cap limits signal strength
- No forward guidance provided in the earnings release
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-BUKS-1790057927986 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 7, 2026 20d ago | 8-K | $4.40 $4.32 | ▼ −1.82% | ▼ −1.39% | $4.91 (+11.59%) |
Sep 30, 2026 27d ago | 8-K | $4.03 $4.14 | ▲ +2.73% | ▲ +2.55% | $4.91 (+21.84%) |
Sep 21, 2026 5w ago | Insider Cluster | $4.09 $4.11 | ▲ +0.49% | ▲ +1.21% | $4.91 (+20.05%) |
Sep 21, 2026 5w ago | Insider Cluster | $4.09 $4.11 | ▲ +0.49% | ▲ +1.21% | $4.91 (+20.05%) |
Sep 11, 2026 6w ago | 8-K | $4.25 $4.02 | ▼ −5.41% | ▼ −4.97% | $4.91 (+15.53%) |
Aug 20, 2026 9w ago | 8-K | $4.25 $4.11 | ▼ −3.29% | ▼ −3.70% | $4.91 (+15.53%) |
Jul 16, 2026 14w ago | Insider Cluster | $4.86 $4.78 | ▼ −1.65% | ▼ −1.48% | $4.91 (+1.03%) |
Jul 14, 2026 14w ago | Insider Cluster | $4.78 $4.80 | ▲ +0.42% | ▲ +0.96% | $4.91 (+2.72%) |
Jul 14, 2026 14w ago | Insider Cluster | $4.78 $4.80 | ▲ +0.42% | ▲ +0.96% | $4.91 (+2.72%) |
Jul 8, 2026 15w ago | 8-K | $4.25 $4.37 | ▲ +2.82% | ▲ +1.98% | $4.91 (+15.53%) |
US Market Status
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