CPI Aerostructures (NYSE:CVU) Earns Buy Rating from Analysts at StockNews.com

Investment analysts at StockNews.com began coverage on shares of CPI Aerostructures (NYSE:CVU) in a research report issued on Saturday. The brokerage set a “buy” rating on the stock.

CPI Aerostructures Stock Up 1.4 %

Shares of CPI Aerostructures stock opened at $3.38 on Friday. CPI Aerostructures has a 52 week low of $2.15 and a 52 week high of $3.55. The firm has a market capitalization of $44.00 million, a price-to-earnings ratio of 2.54 and a beta of 1.70. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.54 and a current ratio of 1.58.

CPI Aerostructures (NYSE:CVU) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $0.11 EPS for the quarter. CPI Aerostructures had a net margin of 19.86% and a return on equity of 14.87%. The firm had revenue of $20.81 million for the quarter.

Institutional Trading of CPI Aerostructures

A hedge fund recently raised its stake in CPI Aerostructures stock. James Investment Research Inc. boosted its holdings in shares of CPI Aerostructures, Inc. (NYSE:CVU) by 23.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,579 shares of the company’s stock after acquiring an additional 5,000 shares during the period. James Investment Research Inc. owned about 0.21% of CPI Aerostructures worth $91,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 25.98% of the stock is currently owned by institutional investors and hedge funds.

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.