Cerity Partners LLC Invests $40,000 in CPI Aerostructures, Inc. (NYSE:CVU)

Cerity Partners LLC bought a new stake in CPI Aerostructures, Inc. (NYSE:CVU) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,000 shares of the company’s stock, valued at approximately $40,000. Cerity Partners LLC owned about 0.08% of CPI Aerostructures as of its most recent SEC filing.

Separately, Sanctuary Advisors LLC purchased a new position in CPI Aerostructures in the 4th quarter worth $100,000. Institutional investors own 25.98% of the company’s stock.

CPI Aerostructures Stock Performance

NYSE:CVU opened at $3.30 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.56 and a current ratio of 1.60. CPI Aerostructures, Inc. has a fifty-two week low of $2.16 and a fifty-two week high of $5.85. The business has a 50 day moving average price of $3.52 and a 200-day moving average price of $3.84. The firm has a market cap of $43.00 million, a PE ratio of 2.41 and a beta of 1.43.

CPI Aerostructures (NYSE:CVU) last announced its quarterly earnings results on Monday, March 31st. The company reported $0.26 earnings per share (EPS) for the quarter. CPI Aerostructures had a net margin of 20.63% and a return on equity of 13.98%. During the same period last year, the firm posted $1.38 EPS.

Analysts Set New Price Targets

Separately, StockNews.com raised CPI Aerostructures from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 22nd.

CPI Aerostructures Company Profile

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 offers aerostructure and aerosystem assemblies, including new production and repair/overhaul of fielded wing structures and other control surfaces, rudder island, engine inlets/nacelles, engine exhaust manifolds, aircraft doors and windows, aircraft steps and racks, other aircraft secondary structures, airborne pod structures and integration of internal systems, radar housing structures, panel assemblies, and mechanical door locking and canopy lifting systems.