CPI Aerostructures, Inc. (NYSEAMERICAN:CVU) has been assigned an average rating of “Buy” from the six analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $11.50.
A number of equities analysts have issued reports on CVU shares. Zacks Investment Research upgraded CPI Aerostructures from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a report on Tuesday, September 26th. B. Riley reiterated a “buy” rating and issued a $12.00 price objective on shares of CPI Aerostructures in a report on Tuesday, November 7th.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Northern Trust Corp increased its holdings in shares of CPI Aerostructures by 3.0% during the second quarter. Northern Trust Corp now owns 21,897 shares of the aerospace company’s stock valued at $205,000 after acquiring an additional 634 shares in the last quarter. Benchmark Capital Advisors increased its holdings in shares of CPI Aerostructures by 1.5% during the second quarter. Benchmark Capital Advisors now owns 40,400 shares of the aerospace company’s stock valued at $380,000 after acquiring an additional 600 shares in the last quarter. Boston Partners increased its holdings in shares of CPI Aerostructures by 14.1% during the second quarter. Boston Partners now owns 51,024 shares of the aerospace company’s stock valued at $480,000 after acquiring an additional 6,300 shares in the last quarter. NJ State Employees Deferred Compensation Plan increased its holdings in shares of CPI Aerostructures by 116.0% during the third quarter. NJ State Employees Deferred Compensation Plan now owns 54,000 shares of the aerospace company’s stock valued at $505,000 after acquiring an additional 29,000 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of CPI Aerostructures by 8.3% during the second quarter. Russell Investments Group Ltd. now owns 81,803 shares of the aerospace company’s stock valued at $769,000 after acquiring an additional 6,300 shares in the last quarter.
CPI Aerostructures (NYSEAMERICAN:CVU) last posted its quarterly earnings data on Wednesday, November 8th. The aerospace company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. The business had revenue of $20.71 million during the quarter, compared to the consensus estimate of $22.03 million. CPI Aerostructures had a return on equity of 9.55% and a net margin of 8.19%. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.19 earnings per share.
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About CPI Aerostructures
CPI Aerostructures, Inc (CPI Aero) is a supplier of aircraft parts for fixed wing aircraft and helicopters in both the commercial and defense markets in the United States. The Company is a manufacturer of structural aircraft parts and aerosystems. It is also a contractor to the United States Department of Defense, primarily the Air Force.
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