Boston Partners increased its stake in shares of CPI Aerostructures, Inc. (NYSEAMERICAN:CVU) by 74.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 89,024 shares of the aerospace company’s stock after acquiring an additional 38,000 shares during the period. Boston Partners owned about 1.01% of CPI Aerostructures worth $832,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in CVU. Dimensional Fund Advisors LP raised its holdings in shares of CPI Aerostructures by 26.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 389,813 shares of the aerospace company’s stock worth $3,664,000 after purchasing an additional 82,742 shares during the period. Penn Capital Management Co. Inc. lifted its holdings in CPI Aerostructures by 17.3% during the 2nd quarter. Penn Capital Management Co. Inc. now owns 313,801 shares of the aerospace company’s stock valued at $2,950,000 after buying an additional 46,262 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in CPI Aerostructures by 8.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 81,803 shares of the aerospace company’s stock valued at $769,000 after buying an additional 6,300 shares in the last quarter. NJ State Employees Deferred Compensation Plan lifted its holdings in CPI Aerostructures by 116.0% during the 3rd quarter. NJ State Employees Deferred Compensation Plan now owns 54,000 shares of the aerospace company’s stock valued at $505,000 after buying an additional 29,000 shares in the last quarter. Finally, Benchmark Capital Advisors lifted its holdings in CPI Aerostructures by 1.5% during the 2nd quarter. Benchmark Capital Advisors now owns 40,400 shares of the aerospace company’s stock valued at $380,000 after buying an additional 600 shares in the last quarter.
A number of brokerages recently weighed in on CVU. Zacks Investment Research upgraded shares of CPI Aerostructures from a “hold” rating to a “buy” rating and set a $9.75 price objective for the company in a report on Friday, September 8th. B. Riley reiterated a “buy” rating and set a $12.00 price objective on shares of CPI Aerostructures in a report on Sunday, August 13th. Noble Financial restated a “buy” rating on shares of CPI Aerostructures in a report on Wednesday, August 9th. Finally, Canaccord Genuity lifted their price objective on shares of CPI Aerostructures from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, August 9th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $11.00.
CPI Aerostructures, Inc. (NYSEAMERICAN CVU) traded up $0.07 during mid-day trading on Wednesday, hitting $9.07. 13,222 shares of the stock traded hands, compared to its average volume of 50,069. CPI Aerostructures, Inc. has a fifty-two week low of $5.55 and a fifty-two week high of $10.15.
CPI Aerostructures (NYSEAMERICAN:CVU) last posted its earnings results on Wednesday, November 8th. The aerospace company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.03. The firm had revenue of $20.71 million during the quarter, compared to analysts’ expectations of $22.03 million. CPI Aerostructures had a net margin of 8.19% and a return on equity of 9.55%. The business’s revenue was down 6.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.19 EPS.
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CPI Aerostructures 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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