B. Riley Comments on CPI Aerostructures, Inc.’s Q1 2019 Earnings (CVU)
CPI Aerostructures, Inc. (NYSEAMERICAN:CVU) – Analysts at B. Riley issued their Q1 2019 earnings per share (EPS) estimates for shares of CPI Aerostructures in a research report issued on Tuesday. B. Riley analyst M. Crawford forecasts that the aerospace company will post earnings of $0.15 per share for the quarter. B. Riley also issued estimates for CPI Aerostructures’ Q2 2019 earnings at $0.17 EPS, Q3 2019 earnings at $0.23 EPS and Q4 2019 earnings at $0.26 EPS.
Separately, Zacks Investment Research raised CPI Aerostructures from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. CPI Aerostructures presently has a consensus rating of “Buy” and a consensus price target of $11.00.
Several institutional investors have recently made changes to their positions in CVU. Northern Trust Corp increased its holdings in shares of CPI Aerostructures by 3.0% in the second quarter. Northern Trust Corp now owns 21,897 shares of the aerospace company’s stock valued at $205,000 after purchasing an additional 634 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new stake in CPI Aerostructures during the fourth quarter worth $359,000. Boston Partners increased its stake in CPI Aerostructures by 74.5% during the third quarter. Boston Partners now owns 89,024 shares of the aerospace company’s stock worth $832,000 after acquiring an additional 38,000 shares during the last quarter. Kennedy Capital Management Inc. increased its stake in CPI Aerostructures by 32.2% during the fourth quarter. Kennedy Capital Management Inc. now owns 101,721 shares of the aerospace company’s stock worth $910,000 after acquiring an additional 24,790 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in CPI Aerostructures by 46.8% during the third quarter. Russell Investments Group Ltd. now owns 120,060 shares of the aerospace company’s stock worth $1,122,000 after acquiring an additional 38,257 shares during the last quarter.
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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.
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