CPI Aerostructures (NYSEAMERICAN:CVU) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com assumed coverage on shares of CPI Aerostructures (NYSEAMERICAN:CVU) in a report released on Sunday. The brokerage set a “strong-buy” rating on the aerospace company’s stock.

CPI Aerostructures Price Performance

CVU stock opened at $2.98 on Friday. The company has a fifty day simple moving average of $3.56. CPI Aerostructures has a 12 month low of $2.11 and a 12 month high of $4.60. The stock has a market cap of $37.67 million, a P/E ratio of 3.43 and a beta of 1.81. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.47 and a quick ratio of 1.41.

CPI Aerostructures (NYSEAMERICAN:CVU) last released its quarterly earnings results on Monday, August 21st. The aerospace company reported $0.09 EPS for the quarter. The company had revenue of $20.55 million for the quarter. CPI Aerostructures had a net margin of 12.43% and a return on equity of 312.34%.

Institutional Trading of CPI Aerostructures

Institutional investors have recently modified their holdings of the stock. Royce & Associates LP lifted its stake in shares of CPI Aerostructures by 0.9% in the first quarter. Royce & Associates LP now owns 686,878 shares of the aerospace company’s stock worth $2,610,000 after buying an additional 5,800 shares in the last quarter. Dimensional Fund Advisors LP purchased a new position in shares of CPI Aerostructures in the fourth quarter worth about $445,000. Ancora Advisors LLC lifted its stake in shares of CPI Aerostructures by 41.4% in the first quarter. Ancora Advisors LLC now owns 126,557 shares of the aerospace company’s stock worth $574,000 after buying an additional 37,045 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of CPI Aerostructures by 272.5% in the second quarter. Geode Capital Management LLC now owns 90,067 shares of the aerospace company’s stock worth $350,000 after buying an additional 65,887 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of CPI Aerostructures by 36.3% in the first quarter. Renaissance Technologies LLC now owns 87,400 shares of the aerospace company’s stock worth $258,000 after buying an additional 23,300 shares in the last quarter. Institutional investors and hedge funds own 10.84% of the company’s stock.

About CPI Aerostructures

CPI Aerostructures, Inc engages in the contract production of structural aircraft parts for fixed wing aircraft and helicopters in the commercial and defense markets. The company also offers aerosystems, such as reconnaissance pod structures and fuel panel systems; and supplies parts for maintenance, repair, and overhaul (MRO), as well as kitting contracts.