StockNews.com Begins Coverage on CPI Aerostructures (NYSEAMERICAN:CVU)

StockNews.com began coverage on shares of CPI Aerostructures (NYSEAMERICAN:CVU) in a research note released on Saturday. The brokerage issued a buy rating on the aerospace company’s stock.

CPI Aerostructures Stock Performance

CVU stock opened at $2.27 on Friday. The company has a market cap of $28.76 million, a P/E ratio of 3.07 and a beta of 1.69. CPI Aerostructures has a fifty-two week low of $2.15 and a fifty-two week high of $4.34. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.45 and a current ratio of 1.51.

Institutional Investors Weigh In On CPI Aerostructures

Hedge funds and other institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC increased its holdings in shares of CPI Aerostructures by 53.9% in the 1st quarter. NewEdge Advisors LLC now owns 19,671 shares of the aerospace company’s stock valued at $58,000 after acquiring an additional 6,892 shares during the last quarter. Ancora Advisors LLC increased its stake in CPI Aerostructures by 41.4% in the first quarter. Ancora Advisors LLC now owns 126,557 shares of the aerospace company’s stock valued at $574,000 after purchasing an additional 37,045 shares during the last quarter. Renaissance Technologies LLC raised its holdings in CPI Aerostructures by 36.3% during the first quarter. Renaissance Technologies LLC now owns 87,400 shares of the aerospace company’s stock worth $258,000 after purchasing an additional 23,300 shares in the last quarter. Dimensional Fund Advisors LP purchased a new stake in shares of CPI Aerostructures during the 4th quarter worth approximately $445,000. Finally, Geode Capital Management LLC acquired a new position in shares of CPI Aerostructures in the 4th quarter valued at $77,000. 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 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.