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

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

CPI Aerostructures Stock Performance

Shares of CVU opened at $3.04 on Friday. The company has a market capitalization of $39.52 million, a PE ratio of 2.22 and a beta of 1.20. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.56 and a current ratio of 1.60. The company’s 50 day moving average price is $3.41 and its 200 day moving average price is $3.85. CPI Aerostructures has a 52 week low of $2.16 and a 52 week high of $5.85.

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

Institutional Investors Weigh In On CPI Aerostructures

Institutional investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. bought a new position in CPI Aerostructures during the first quarter valued at approximately $39,000. Cerity Partners LLC acquired a new position in shares of CPI Aerostructures during the 4th quarter worth $40,000. Ritholtz Wealth Management acquired a new position in shares of CPI Aerostructures during the 1st quarter worth $93,000. Sanctuary Advisors LLC bought a new position in shares of CPI Aerostructures during the 4th quarter valued at $100,000. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of CPI Aerostructures in the 1st quarter valued at $115,000. 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.