CPI Aerostructures (NYSEAMERICAN:CVU) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of CPI Aerostructures (NYSEAMERICAN:CVU) in a research report report published on Wednesday morning. The firm issued a buy rating on the aerospace company’s stock.

CPI Aerostructures Trading Up 2.0 %

Shares of CVU opened at $2.85 on Wednesday. The company has a current ratio of 1.51, a quick ratio of 1.45 and a debt-to-equity ratio of 2.52. CPI Aerostructures has a 12 month low of $2.15 and a 12 month high of $4.34. The firm has a market cap of $36.56 million, a price-to-earnings ratio of 2.06 and a beta of 1.68.

CPI Aerostructures (NYSEAMERICAN:CVU) last released its quarterly earnings results on Friday, April 5th. The aerospace company reported $0.08 earnings per share (EPS) for the quarter. The firm had revenue of $23.50 million for the quarter. CPI Aerostructures had a return on equity of 154.84% and a net margin of 10.61%.

Hedge Funds Weigh In On CPI Aerostructures

A number of institutional investors have recently bought and sold shares of CVU. NewEdge Advisors LLC raised its holdings in CPI Aerostructures by 53.9% in the 1st quarter. NewEdge Advisors LLC now owns 19,671 shares of the aerospace company’s stock worth $58,000 after purchasing an additional 6,892 shares during the period. Ancora Advisors LLC raised its holdings in CPI Aerostructures by 41.4% in the 1st quarter. Ancora Advisors LLC now owns 126,557 shares of the aerospace company’s stock worth $574,000 after purchasing an additional 37,045 shares during the period. Renaissance Technologies LLC raised its holdings in CPI Aerostructures by 36.3% in the 1st quarter. Renaissance Technologies LLC now owns 87,400 shares of the aerospace company’s stock worth $258,000 after purchasing an additional 23,300 shares during the period. Dimensional Fund Advisors LP bought a new stake in CPI Aerostructures during the fourth quarter valued at about $445,000. Finally, Geode Capital Management LLC bought a new stake in CPI Aerostructures during the fourth quarter valued at about $77,000. 25.98% of the stock is owned by institutional investors.

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 also offers aerosystems, such as reconnaissance pod structures and fuel panel systems; and supplies parts for maintenance, repair, and overhaul (MRO), as well as kitting contracts.