StockNews.com Initiates Coverage on CPI Aerostructures (NYSEAMERICAN:CVU)

Equities researchers at StockNews.com assumed coverage on shares of CPI Aerostructures (NYSEAMERICAN:CVU) in a research note issued to investors on Tuesday. The brokerage set a “buy” rating on the aerospace company’s stock.

CPI Aerostructures Stock Down 1.5 %

NYSEAMERICAN CVU opened at $2.67 on Tuesday. The stock has a market capitalization of $34.31 million, a PE ratio of 1.93 and a beta of 1.68. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.49 and a quick ratio of 1.44. CPI Aerostructures has a twelve month low of $2.15 and a twelve month high of $4.34.

CPI Aerostructures (NYSEAMERICAN:CVU) last released its quarterly earnings data on Friday, April 5th. The aerospace company reported $0.08 earnings per share for the quarter. The firm had revenue of $23.50 million during the quarter. CPI Aerostructures had a return on equity of 32.45% and a net margin of 19.89%.

Hedge Funds Weigh In On CPI Aerostructures

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CVU. Dimensional Fund Advisors LP bought a new stake in shares of CPI Aerostructures in the 4th quarter valued at approximately $445,000. Geode Capital Management LLC raised its holdings in shares of CPI Aerostructures by 272.5% in the second quarter. Geode Capital Management LLC now owns 90,067 shares of the aerospace company’s stock worth $350,000 after buying an additional 65,887 shares during the period. Vanguard Group Inc. raised its holdings in shares of CPI Aerostructures by 65.7% in the third quarter. Vanguard Group Inc. now owns 157,502 shares of the aerospace company’s stock worth $526,000 after buying an additional 62,452 shares during the period. Ancora Advisors LLC raised its holdings in shares of CPI Aerostructures by 41.4% in the first quarter. Ancora Advisors LLC now owns 126,557 shares of the aerospace company’s stock worth $574,000 after buying an additional 37,045 shares during the period. Finally, Susquehanna International Group LLP purchased a new stake in shares of CPI Aerostructures in the fourth quarter worth approximately $115,000. 25.98% of the stock is owned by institutional investors.

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 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.