Kennedy Capital Management Inc. lifted its stake in CPI Aerostructures, Inc. (NYSEAMERICAN:CVU) by 32.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 101,721 shares of the aerospace company’s stock after buying an additional 24,790 shares during the period. Kennedy Capital Management Inc. owned approximately 1.15% of CPI Aerostructures worth $910,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in shares of CPI Aerostructures by 19.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 464,574 shares of the aerospace company’s stock worth $4,344,000 after acquiring an additional 74,761 shares during the period. Russell Investments Group Ltd. boosted its position in shares of CPI Aerostructures by 46.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 120,060 shares of the aerospace company’s stock worth $1,122,000 after purchasing an additional 38,257 shares in the last quarter. Boston Partners boosted its position in shares of CPI Aerostructures by 74.5% in the 3rd quarter. Boston Partners now owns 89,024 shares of the aerospace company’s stock worth $832,000 after purchasing an additional 38,000 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of CPI Aerostructures by 3.0% in the 2nd quarter. Northern Trust Corp now owns 21,897 shares of the aerospace company’s stock worth $205,000 after purchasing an additional 634 shares in the last quarter.
Shares of NYSEAMERICAN:CVU traded down $0.05 during trading on Friday, reaching $9.65. The company’s stock had a trading volume of 19,148 shares, compared to its average volume of 28,810. CPI Aerostructures, Inc. has a 12 month low of $5.55 and a 12 month high of $10.05.
CPI Aerostructures (NYSEAMERICAN:CVU) last announced its quarterly earnings results on Thursday, March 22nd. The aerospace company reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.02. The firm had revenue of $23.80 million during the quarter, compared to the consensus estimate of $24.40 million. CPI Aerostructures had a net margin of 8.19% and a return on equity of 9.55%.
Several research firms recently issued reports on CVU. Zacks Investment Research cut CPI Aerostructures from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. B. Riley reissued a “buy” rating on shares of CPI Aerostructures in a report on Tuesday, March 20th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $11.33.
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CPI Aerostructures Company Profile
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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