Joseph Patrick Daly, a director and ten percent owner of Butler National Corp (NASDAQ:BUKS), has expanded his stake in the company through a series of open market transactions. From July 10 to July 13, 2026, Daly acquired 30,000 shares of common stock, with the total value of these purchases reaching $131,420. The acquisition price per share varied between $4.32 and $4.45 during this period.
On July 10, 2026, Daly executed multiple buy orders. He purchased 5,000 shares at $4.40, followed by 6,000 shares at $4.35, 7,000 shares at $4.34, and an additional 2,000 shares at $4.32. The following day, July 13, 2026, he added to his holdings by buying 7,500 shares at $4.45 per share and 2,500 shares at $4.37 per share.
Following these transactions, Daly directly holds 4,530,000 shares of Butler National Corp common stock. Additionally, he maintains an indirect ownership position of 4,360,000 shares through EssigPR Inc.
The timing of these purchases is notable given the stock's recent performance. According to InvestingPro data, BUKS has surged 176% over the past year and is currently trading near its 52-week high of $4.50.
Butler National Corporation recently reported its strongest fiscal year to date, with significant financial achievements in 2026. The company recorded a 17% increase in revenue, reaching $98.0 million. Net income rose sharply by 75% to $21.9 million, while earnings per share grew to $0.34 from $0.19 in the previous year. Butler National also highlighted a record backlog of $47.1 million, indicating sustained demand in its aerospace product lines, particularly in aircraft modifications and special mission electronics.
These developments underscore the company's robust performance and market positioning. Investors can access 12 additional ProTips for BUKS through InvestingPro, including insights on the company's perfect Piotroski Score of 9, along with a comprehensive Pro Research Report covering BUKS and over 1,400 other US equities.
Real-time data shows BUKS trading at $4.64, reflecting a 0.17 increase or 3.76% gain. The stock's performance has been closely monitored, with AI-driven strategies evaluating BUKS monthly against thousands of alternatives using over 100 financial metrics. Such evaluations have previously identified opportunities in sectors like Siemens Energy and Sandisk, raising questions about BUKS's potential relative to peers in the aerospace and electronics space.