CPI Aerostructures (NYSE:CVU) Downgraded to Buy Rating by StockNews.com

StockNews.com cut shares of CPI Aerostructures (NYSE:CVU) from a strong-buy rating to a buy rating in a research report report published on Friday.

CPI Aerostructures Price Performance

Shares of NYSE:CVU opened at $3.47 on Friday. CPI Aerostructures has a one year low of $2.16 and a one year high of $5.85. 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 firm has a market capitalization of $45.11 million, a price-to-earnings ratio of 2.53 and a beta of 1.20. The company’s fifty day moving average price is $3.42 and its 200-day moving average price is $3.84.

CPI Aerostructures (NYSE:CVU) last released its earnings results on Monday, March 31st. The company reported $0.26 EPS for the quarter. CPI Aerostructures had a return on equity of 13.98% and a net margin of 20.63%. During the same period in the previous year, the firm earned $1.38 EPS.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. purchased a new stake in shares of CPI Aerostructures in the 1st quarter valued at $39,000. Cerity Partners LLC bought a new stake in CPI Aerostructures in the fourth quarter worth $40,000. Ritholtz Wealth Management purchased a new stake in CPI Aerostructures during the first quarter valued at about $93,000. Sanctuary Advisors LLC bought a new position in shares of CPI Aerostructures during the fourth quarter valued at about $100,000. Finally, Renaissance Technologies LLC increased its holdings in shares of CPI Aerostructures by 27.4% in the fourth quarter. Renaissance Technologies LLC now owns 107,000 shares of the company’s stock worth $433,000 after buying an additional 23,000 shares during the period. 25.98% of the stock is currently 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 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.