AWM Investment Company Inc. lowered its position in CPI Aerostructures, Inc. (NYSEMKT:CVU) by 60.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 167,710 shares of the aerospace company’s stock after selling 256,042 shares during the period. AWM Investment Company Inc. owned about 1.92% of CPI Aerostructures worth $1,132,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of CVU. GRT Capital Partners L.L.C. purchased a new stake in shares of CPI Aerostructures during the fourth quarter worth $139,000. TFS Capital LLC purchased a new stake in shares of CPI Aerostructures during the first quarter worth $120,000. NJ State Employees Deferred Compensation Plan purchased a new stake in shares of CPI Aerostructures during the first quarter worth $169,000. Renaissance Technologies LLC purchased a new stake in shares of CPI Aerostructures during the fourth quarter worth $350,000. Finally, New Jersey Better Educational Savings Trust purchased a new stake in shares of CPI Aerostructures during the first quarter worth $351,000.
CPI Aerostructures, Inc. (CVU) traded up 0.56% on Tuesday, reaching $9.00. The company had a trading volume of 87,811 shares. The firm has a market capitalization of $79.49 million, a price-to-earnings ratio of 11.54 and a beta of 0.79. CPI Aerostructures, Inc. has a one year low of $5.55 and a one year high of $10.15. The company’s 50 day moving average is $7.70 and its 200-day moving average is $7.72.
CPI Aerostructures (NYSEMKT:CVU) last issued its quarterly earnings data on Tuesday, May 9th. The aerospace company reported $0.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.08. CPI Aerostructures had a net margin of 6.24% and a return on equity of 7.32%. The business had revenue of $20.03 million during the quarter, compared to analyst estimates of $16.83 million. During the same period last year, the business posted ($1.07) earnings per share. CPI Aerostructures’s quarterly revenue was up 58.1% compared to the same quarter last year. On average, equities research analysts expect that CPI Aerostructures, Inc. will post $0.60 earnings per share for the current fiscal year.
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Several research analysts have commented on the company. B. Riley reaffirmed a “buy” rating and set a $9.50 target price on shares of CPI Aerostructures in a report on Monday, May 15th. ValuEngine downgraded CPI Aerostructures from a “strong-buy” rating to a “buy” rating in a report on Friday, June 9th. TheStreet raised CPI Aerostructures from a “d+” rating to a “c-” rating in a report on Tuesday, May 23rd. Zacks Investment Research raised CPI Aerostructures from a “sell” rating to a “hold” rating in a report on Tuesday, March 21st. Finally, Noble Financial raised CPI Aerostructures from a “hold” rating to a “buy” rating in a report on Wednesday, May 10th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $8.50.
About CPI Aerostructures
CPI Aerostructures, Inc (CPI Aero) is a supplier of aircraft parts for fixed wing aircraft and helicopters in both the commercial and defense markets in the United States. The Company is a manufacturer of structural aircraft parts and aerosystems. It is also a contractor to the United States Department of Defense, primarily the Air Force.
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