CPI Aerostructures (NYSE:CVU) Trading 4% Higher – Time to Buy?

Shares of CPI Aerostructures, Inc. (NYSE:CVU) rose 4% during trading on Tuesday . The stock traded as high as $4.31 and last traded at $4.12. Approximately 117,209 shares were traded during trading, an increase of 6% from the average daily volume of 110,261 shares. The stock had previously closed at $3.96.

CPI Aerostructures Stock Performance

The stock has a 50 day moving average price of $3.92 and a two-hundred day moving average price of $3.06. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.60 and a quick ratio of 1.56. The company has a market capitalization of $54.32 million, a price-to-earnings ratio of 3.01 and a beta of 0.99.

Hedge Funds Weigh In On CPI Aerostructures

Several large investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. acquired a new stake in CPI Aerostructures in the first quarter worth about $115,000. Thompson Davis & CO. Inc. bought a new stake in shares of CPI Aerostructures during the second quarter worth approximately $45,000. Evergreen Capital Management LLC acquired a new position in CPI Aerostructures in the second quarter valued at approximately $63,000. Kornitzer Capital Management Inc. KS acquired a new stake in CPI Aerostructures during the 4th quarter worth $504,000. Finally, State Street Corp bought a new stake in shares of CPI Aerostructures during the 4th quarter valued at $255,000. Institutional investors and hedge funds own 25.98% of the company’s stock.

CPI Aerostructures Company Profile

CPI Aerostructures, Inc operates as a precision manufacturer of complex aerostructure and structural components for commercial, regional, military and business jet aircraft markets. The company specializes in design, engineering, prototyping and production of metallic and composite assemblies, including wing ribs and panels, floor beams, flight control surfaces, fuselage sections and other structural subassemblies. It leverages advanced machining centers, automated fabrication processes and in-house tool design to deliver parts that meet stringent aerospace specifications.

In addition to fabrication and assembly, CPI Aerostructures provides comprehensive aftermarket support through maintenance, repair and overhaul (MRO) services.