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

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

CPI Aerostructures Price Performance

Shares of CVU opened at $2.71 on Tuesday. The stock has a market cap of $34.82 million, a price-to-earnings ratio of 1.96 and a beta of 1.68. CPI Aerostructures has a 12 month low of $2.15 and a 12 month high of $4.34. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.44 and a current ratio of 1.49.

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

Institutional Trading of CPI Aerostructures

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CVU. Millennium Management LLC purchased a new position in CPI Aerostructures in the fourth quarter valued at approximately $55,000. Renaissance Technologies LLC purchased a new stake in shares of CPI Aerostructures during the fourth quarter worth $61,000. NewEdge Advisors LLC lifted its position in shares of CPI Aerostructures by 53.9% during the first quarter. NewEdge Advisors LLC now owns 19,671 shares of the aerospace company’s stock worth $58,000 after acquiring an additional 6,892 shares in the last quarter. Geode Capital Management LLC purchased a new stake in shares of CPI Aerostructures during the fourth quarter worth $77,000. Finally, BlackRock Inc. purchased a new stake in shares of CPI Aerostructures during the second quarter worth $109,000. 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.