CPI Aerostructures, Inc. (NYSEAMERICAN:CVU) Stake Decreased by Ironwood Investment Management LLC

Ironwood Investment Management LLC cut its holdings in shares of CPI Aerostructures, Inc. (NYSEAMERICAN:CVU) by 29.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,522 shares of the aerospace company’s stock after selling 20,493 shares during the quarter. Ironwood Investment Management LLC owned about 0.56% of CPI Aerostructures worth $443,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in 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 in the last quarter. Russell Investments Group Ltd. boosted its holdings 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 valued at $1,122,000 after buying an additional 38,257 shares in the last quarter. Boston Partners boosted its holdings 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 valued at $832,000 after buying an additional 38,000 shares in the last quarter. NJ State Employees Deferred Compensation Plan boosted its holdings in shares of CPI Aerostructures by 116.0% in 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, Northern Trust Corp boosted its holdings 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 valued at $205,000 after buying an additional 634 shares in the last quarter.

A number of equities analysts have commented on CVU shares. B. Riley restated a “buy” rating and set a $12.00 price objective on shares of CPI Aerostructures in a research report on Tuesday, November 7th. Zacks Investment Research upgraded shares of CPI Aerostructures from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $11.00.

CPI Aerostructures, Inc. (NYSEAMERICAN:CVU) traded up $0.15 on Friday, hitting $8.25. 14,139 shares of the company traded hands, compared to its average volume of 31,079. CPI Aerostructures, Inc. has a twelve month low of $5.55 and a twelve month high of $10.05. The firm has a market capitalization of $71.78, a PE ratio of 12.27 and a beta of 0.23.

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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.

Institutional Ownership by Quarter for CPI Aerostructures (NYSEAMERICAN:CVU)

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