CPI Aero (NYSEAMERICAN:CVU) has received an average recommendation of “Buy” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $11.00.
CVU has been the topic of a number of recent research reports. Zacks Investment Research raised CPI Aero from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Monday, April 2nd. Noble Financial downgraded CPI Aero to a “hold” rating in a report on Thursday, April 19th. They noted that the move was a valuation call. Finally, B. Riley reaffirmed a “buy” rating on shares of CPI Aero in a report on Tuesday, March 20th.
Institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in shares of CPI Aero by 19.2% in 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 in the last quarter. Ironwood Investment Management LLC raised its position in CPI Aero by 29.3% in the 1st quarter. Ironwood Investment Management LLC now owns 64,019 shares of the aerospace company’s stock worth $624,000 after purchasing an additional 14,497 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new position in CPI Aero in the 4th quarter worth approximately $359,000. Kennedy Capital Management Inc. raised its position in CPI Aero by 32.2% in the 4th quarter. Kennedy Capital Management Inc. now owns 101,721 shares of the aerospace company’s stock worth $910,000 after purchasing an additional 24,790 shares during the last quarter. Finally, Prudential Financial Inc. bought a new position in CPI Aero in the 1st quarter worth approximately $121,000.
Shares of CPI Aero opened at $10.15 on Friday, according to Marketbeat Ratings. CPI Aero has a 12-month low of $6.85 and a 12-month high of $10.75.
CPI Aero (NYSEAMERICAN:CVU) last issued its quarterly earnings results on Thursday, March 22nd. The aerospace company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.02. CPI Aero had a return on equity of 9.55% and a net margin of 8.19%. The firm had revenue of $23.80 million for the quarter, compared to analyst estimates of $24.40 million.
CPI Aero 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. It also offers aero systems, such as reconnaissance pod structures and fuel panel systems; and supplies parts for maintenance, repair, and overhaul (MRO), as well as kitting contracts.
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