Goldman Sachs Group Inc. Buys Shares of 33,165 CPI Aerostructures, Inc. $CVU

Goldman Sachs Group Inc. bought a new stake in CPI Aerostructures, Inc. (NYSE:CVU) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 33,165 shares of the company’s stock, valued at approximately $115,000. Goldman Sachs Group Inc. owned about 0.26% of CPI Aerostructures at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CVU. Informed Momentum Co LLC acquired a new position in CPI Aerostructures in the first quarter valued at about $497,000. Ritholtz Wealth Management acquired a new stake in shares of CPI Aerostructures during the first quarter worth about $93,000. Finally, Charles Schwab Investment Management Inc. acquired a new stake in shares of CPI Aerostructures during the first quarter worth about $39,000. Institutional investors and hedge funds own 25.98% of the company’s stock.

CPI Aerostructures Stock Down 0.4%

Shares of CVU opened at $2.53 on Tuesday. The stock has a market capitalization of $32.97 million, a PE ratio of 1.85 and a beta of 1.34. CPI Aerostructures, Inc. has a 1 year low of $2.35 and a 1 year high of $5.85. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.56 and a current ratio of 1.60. The company’s 50-day simple moving average is $2.83 and its 200-day simple moving average is $3.13.

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.