Insider Selling: Harvey J. Bazaar Sells 6,000 Shares of CPI Aerostructures Stock (CVU)
CPI Aerostructures (NYSE:CVU) Director Harvey J. Bazaar unloaded 6,000 shares of CPI Aerostructures stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $12.63, for a total value of $75,780.00. Following the sale, the director now directly owns 19,000 shares in the company, valued at approximately $239,970. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
CPI Aerostructures (NYSE:CVU) opened at 12.90 on Tuesday. CPI Aerostructures has a 52 week low of $9.11 and a 52 week high of $16.00. The stock’s 50-day moving average is $13.14 and its 200-day moving average is $13.98. The company has a market cap of $109.1 million and a P/E ratio of 14.18.
CPI Aerostructures (NYSE:CVU) last announced its earnings results on Thursday, May 8th. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.17 by $0.03. On average, analysts predict that CPI Aerostructures will post $0.82 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Roth Capital cut their price target on shares of CPI Aerostructures from $16.00 to $14.00 in a research note on Friday, May 9th. Separately, analysts at B. Riley cut their price target on shares of CPI Aerostructures from $18.00 to $16.00 in a research note on Friday, May 9th. Finally, analysts at Zacks upgraded shares of CPI Aerostructures from an “underperform” rating to a “neutral” rating in a research note on Wednesday, May 7th. They now have a $13.30 price target on the stock.
CPI Aerostructures, Inc (NYSE:CVU) is engaged in the contract production of structural aircraft parts principally for the United States Air Force and other branches of the United States armed forces, either as a prime contractor or as a subcontractor to other defense prime contractors.
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