Chicago Rivet & Machine (NYSEAMERICAN:CVR) Announces Quarterly Earnings Results

Chicago Rivet & Machine (NYSEAMERICAN:CVRGet Free Report) posted its quarterly earnings data on Thursday. The company reported ($1.60) EPS for the quarter, reports. The business had revenue of $6.78 million during the quarter. Chicago Rivet & Machine had a negative net margin of 13.97% and a negative return on equity of 15.27%.

Chicago Rivet & Machine Price Performance

Shares of CVR opened at $17.00 on Friday. The firm has a 50-day moving average price of $24.94. Chicago Rivet & Machine has a 12-month low of $14.73 and a 12-month high of $31.22. The stock has a market capitalization of $16.49 million, a price-to-earnings ratio of -3.73 and a beta of 0.10.

Chicago Rivet & Machine Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Tuesday, March 5th were issued a dividend of $0.10 per share. The ex-dividend date was Monday, March 4th. This represents a $0.40 annualized dividend and a dividend yield of 2.35%. Chicago Rivet & Machine’s dividend payout ratio is presently -8.77%.

Analyst Ratings Changes

Separately, initiated coverage on shares of Chicago Rivet & Machine in a research note on Sunday. They issued a “sell” rating on the stock.

Check Out Our Latest Stock Report on Chicago Rivet & Machine

Institutional Trading of Chicago Rivet & Machine

Several institutional investors have recently made changes to their positions in CVR. Vanguard Group Inc. raised its holdings in Chicago Rivet & Machine by 91.7% in the 1st quarter. Vanguard Group Inc. now owns 28,479 shares of the company’s stock valued at $746,000 after buying an additional 13,626 shares during the period. Cannell Capital LLC acquired a new stake in shares of Chicago Rivet & Machine during the third quarter valued at about $202,000. BlackRock Inc. raised its stake in shares of Chicago Rivet & Machine by 206,600.0% in the 2nd quarter. BlackRock Inc. now owns 2,067 shares of the company’s stock valued at $53,000 after acquiring an additional 2,066 shares during the period. Advisor Group Holdings Inc. acquired a new position in shares of Chicago Rivet & Machine in the 4th quarter worth approximately $43,000. Finally, Captrust Financial Advisors purchased a new position in shares of Chicago Rivet & Machine during the 2nd quarter worth approximately $41,000. Hedge funds and other institutional investors own 19.87% of the company’s stock.

Chicago Rivet & Machine Company Profile

(Get Free Report)

Chicago Rivet & Machine Co operates in the fastener industry in North America. The company operates in two segments, Fasteners and Assembly Equipment. The Fastener segment manufactures and sells rivets, cold-formed fasteners and parts, and screw machine products. The Assembly Equipment segment manufactures and sells automatic rivet setting machines and assembly equipment, as well as parts and tools for related machines.

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Earnings History for Chicago Rivet & Machine (NYSEAMERICAN:CVR)

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