Ritholtz Wealth Management Acquires Shares of 26,858 CPI Aerostructures, Inc. (NYSE:CVU)

Ritholtz Wealth Management acquired a new stake in CPI Aerostructures, Inc. (NYSE:CVU) during the first quarter, according to its most recent filing with the SEC. The firm acquired 26,858 shares of the company’s stock, valued at approximately $93,000. Ritholtz Wealth Management owned about 0.21% of CPI Aerostructures as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Cerity Partners LLC bought a new position in CPI Aerostructures in the 4th quarter valued at $40,000. Sanctuary Advisors LLC bought a new position in CPI Aerostructures in the 4th quarter valued at $100,000. Finally, Renaissance Technologies LLC boosted its position in CPI Aerostructures by 27.4% in the 4th quarter. Renaissance Technologies LLC now owns 107,000 shares of the company’s stock valued at $433,000 after buying an additional 23,000 shares during the last quarter. 25.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered CPI Aerostructures from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 17th.

Insider Transactions at CPI Aerostructures

In related news, Director Bond E. Carey purchased 10,000 shares of CPI Aerostructures stock in a transaction dated Thursday, June 12th. The shares were acquired at an average cost of $2.88 per share, for a total transaction of $28,800.00. Following the transaction, the director now directly owns 215,517 shares of the company’s stock, valued at approximately $620,688.96. This trade represents a 4.87% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 9.40% of the stock is owned by corporate insiders.

CPI Aerostructures Stock Down 0.3%

NYSE:CVU opened at $3.10 on Friday. CPI Aerostructures, Inc. has a 12-month low of $2.16 and a 12-month high of $5.85. The company has a quick ratio of 1.56, a current ratio of 1.60 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $40.30 million, a P/E ratio of 2.26 and a beta of 1.20. The stock’s fifty day simple moving average is $3.19 and its 200-day simple moving average is $3.76.

CPI Aerostructures (NYSE:CVU) last posted its quarterly earnings results 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 period last year, the company posted $1.38 EPS.

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.