CPI Aerostructures, Inc. (NYSE:CVU) Director Bond E. Carey Buys 10,000 Shares of Stock

CPI Aerostructures, Inc. (NYSE:CVU) Director Bond E. Carey bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 12th. The shares were acquired at an average price of $2.88 per share, with a total value of $28,800.00. Following the purchase, the director now owns 215,517 shares of the company’s stock, valued at $620,688.96. The trade was a 4.87% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

CPI Aerostructures Stock Performance

NYSE CVU opened at $2.89 on Friday. The company has a market capitalization of $37.57 million, a P/E ratio of 2.11 and a beta of 1.20. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.60 and a quick ratio of 1.56. CPI Aerostructures, Inc. has a 1-year low of $2.16 and a 1-year high of $5.85. The business has a 50 day moving average price of $3.23 and a 200 day moving average price of $3.80.

CPI Aerostructures (NYSE:CVU) last posted its quarterly earnings data 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 previous year, the business earned $1.38 EPS.

Institutional Trading of CPI Aerostructures

A number of hedge funds have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. acquired a new stake in CPI Aerostructures in the first quarter valued at $39,000. Cerity Partners LLC acquired a new position in shares of CPI Aerostructures during the fourth quarter valued at $40,000. Ritholtz Wealth Management bought a new position in shares of CPI Aerostructures in the first quarter worth $93,000. Sanctuary Advisors LLC acquired a new stake in shares of CPI Aerostructures in the fourth quarter valued at $100,000. Finally, Goldman Sachs Group Inc. acquired a new position in CPI Aerostructures in the first quarter worth approximately $115,000. Hedge funds and other institutional investors own 25.98% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded CPI Aerostructures from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 17th.

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.