CPI Aerostructures (NYSE:CVU) Cut to Buy at StockNews.com

CPI Aerostructures (NYSE:CVU) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

CPI Aerostructures Price Performance

CVU stock opened at $3.25 on Friday. The company has a quick ratio of 1.56, a current ratio of 1.60 and a debt-to-equity ratio of 0.62. CPI Aerostructures has a 52-week low of $2.16 and a 52-week high of $5.85. The stock’s 50 day moving average is $3.42 and its two-hundred day moving average is $3.85. The company has a market capitalization of $42.25 million, a PE ratio of 2.37 and a beta of 1.20.

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Informed Momentum Co LLC bought a new position in CPI Aerostructures during the 1st quarter worth $497,000. Goldman Sachs Group Inc. bought a new position in CPI Aerostructures during the 1st quarter worth $115,000. Ritholtz Wealth Management bought a new position in CPI Aerostructures during the 1st quarter worth $93,000. Sanctuary Advisors LLC acquired a new position in CPI Aerostructures during the 4th quarter worth $100,000. Finally, Renaissance Technologies LLC boosted its position in CPI Aerostructures by 27.4% during the 4th quarter. Renaissance Technologies LLC now owns 107,000 shares of the company’s stock worth $433,000 after acquiring an additional 23,000 shares during the period. Institutional investors and hedge funds own 25.98% 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 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.