StockNews.com Downgrades CPI Aerostructures (NYSE:CVU) to Buy

CPI Aerostructures (NYSE:CVU) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Friday.

CPI Aerostructures Stock Performance

Shares of NYSE:CVU opened at $3.47 on Friday. CPI Aerostructures has a 12-month low of $2.16 and a 12-month high of $5.85. The company’s 50 day moving average price is $3.42 and its two-hundred day moving average price is $3.85. The firm has a market cap of $45.11 million, a PE ratio of 2.53 and a beta of 1.20. The company has a quick ratio of 1.56, a current ratio of 1.60 and a debt-to-equity ratio of 0.62.

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

Institutional Investors Weigh In On CPI Aerostructures

A number of large investors have recently bought and sold shares of the company. Renaissance Technologies LLC increased its stake in CPI Aerostructures by 27.4% in the fourth quarter. Renaissance Technologies LLC now owns 107,000 shares of the company’s stock valued at $433,000 after acquiring an additional 23,000 shares during the last quarter. Ritholtz Wealth Management bought a new position in shares of CPI Aerostructures in the 1st quarter valued at $93,000. Sanctuary Advisors LLC acquired a new position in shares of CPI Aerostructures during the 4th quarter worth $100,000. Charles Schwab Investment Management Inc. bought a new stake in shares of CPI Aerostructures during the 1st quarter worth $39,000. Finally, Cerity Partners LLC acquired a new stake in CPI Aerostructures in the fourth quarter valued at about $40,000. 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.