StockNews.com Initiates Coverage on CPI Aerostructures (NYSE:CVU)

StockNews.com assumed coverage on shares of CPI Aerostructures (NYSE:CVU) in a report released on Saturday. The firm issued a buy rating on the stock.

CPI Aerostructures Price Performance

Shares of NYSE:CVU opened at $3.39 on Friday. The stock has a market cap of $44.20 million, a P/E ratio of 2.55 and a beta of 1.70. CPI Aerostructures has a 12-month low of $2.15 and a 12-month high of $3.55. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.58 and a quick ratio of 1.54.

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

Institutional Investors Weigh In On CPI Aerostructures

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

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 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.