CVU - Andrew Davis Of CPI Aerostructures Shows Optimism Buys $119K In Stock | Benzinga
In a recent SEC filing, it was revealed that Andrew Davis, Chief Financial Officer at CPI Aerostructures (AMEX:CVU), made a noteworthy insider purchase on June 20,.
What Happened: In a Form 4 filing on Thursday with the U.S. Securities and Exchange Commission, it was disclosed that Davis bought 43,956 shares of CPI Aerostructures, amounting to a total of $119,999.
In the Friday's morning session, CPI Aerostructures's shares are currently trading at $2.32, experiencing a up of 0.43%.
Delving into CPI Aerostructures's Background
CPI Aerostructures Inc is engaged in the manufacturing of structural aircraft parts for fixed-wing aircraft and helicopters in both the commercial and defense markets in the United States. It also provides engineering, program management, supply chain management and kitting, and Maintenance Repair and Overhaul (MRO) services. CPI also acts as a subcontractor to prime aircraft manufacturers in the production of commercial aircraft parts. CPI Aero supplies the E-2D Advanced Hawkeye surveillance aircraft, the A-10 Thunderbolt attack jet, the Gulfstream G650, the UH-60 BLACK HAWK helicopter, and the S-92 helicopter and others.
Financial Milestones: CPI Aerostructures's Journey
Decline in Revenue: Over the 3 months period, CPI Aerostructures faced challenges, resulting in a decline of approximately -13.33% in revenue growth as of 31 March, 2024. This signifies a reduction ...