NJ State Employees Deferred Compensation Plan continued to hold its position in shares of CPI Aerostructures, Inc. (NYSEMKT:CVU) during the second quarter, Holdings Channel reports. The firm owned 25,000 shares of the aerospace company’s stock at the end of the second quarter. NJ State Employees Deferred Compensation Plan’s holdings in CPI Aerostructures were worth $235,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CVU. Dimensional Fund Advisors LP boosted its position in shares of CPI Aerostructures by 5.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 250,860 shares of the aerospace company’s stock worth $2,320,000 after buying an additional 12,474 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of CPI Aerostructures during the fourth quarter worth about $350,000. New Jersey Better Educational Savings Trust bought a new position in shares of CPI Aerostructures during the first quarter worth about $351,000. Heartland Advisors Inc. boosted its position in shares of CPI Aerostructures by 25.6% in the first quarter. Heartland Advisors Inc. now owns 770,000 shares of the aerospace company’s stock worth $5,198,000 after buying an additional 156,900 shares during the last quarter. Finally, TFS Capital LLC bought a new position in shares of CPI Aerostructures during the first quarter worth about $120,000.

Shares of CPI Aerostructures, Inc. (CVU) opened at 8.95 on Friday. CPI Aerostructures, Inc. has a 52-week low of $5.55 and a 52-week high of $10.15. The company’s 50-day moving average price is $9.38 and its 200-day moving average price is $7.97. The company has a market capitalization of $79.05 million, a price-to-earnings ratio of 13.44 and a beta of 0.79.

CPI Aerostructures (NYSEMKT:CVU) last announced its quarterly earnings data on Tuesday, August 8th. The aerospace company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.07 by $0.02. CPI Aerostructures had a net margin of 6.24% and a return on equity of 7.32%. The business had revenue of $16.73 million during the quarter, compared to the consensus estimate of $17.57 million. CPI Aerostructures’s quarterly revenue was down 24.9% on a year-over-year basis. Equities research analysts forecast that CPI Aerostructures, Inc. will post $0.60 EPS for the current fiscal year.

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A number of equities research analysts recently commented on the company. Zacks Investment Research upgraded CPI Aerostructures from a “sell” rating to a “hold” rating in a research report on Friday, April 14th. B. Riley restated a “buy” rating and set a $9.50 price target on shares of CPI Aerostructures in a research report on Thursday, May 4th. Noble Financial upgraded CPI Aerostructures from a “hold” rating to a “buy” rating in a research report on Wednesday, May 10th. TheStreet upgraded CPI Aerostructures from a “d+” rating to a “c-” rating in a research report on Tuesday, May 23rd. Finally, ValuEngine lowered CPI Aerostructures from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 9th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. CPI Aerostructures currently has a consensus rating of “Buy” and a consensus target price of $10.17.

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

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