On November 18, 2024, Director Pamela Levesque purchased 10,000 shares of CPI Aerostructures Inc (CVU, Financial) at a price of $3.13 per share, as reported in the SEC Filing. Following this transaction, the insider now owns 35,777 shares of the company.
CPI Aerostructures Inc, engaged in the manufacturing of structural assemblies for fixed wing aircraft, helicopters, and airborne intelligence surveillance and reconnaissance pod structures, has seen a notable insider transaction. Over the past year, the insider has increased their holdings by 10,000 shares, with no recorded sales.
The company's stock was trading at $3.13 on the day of the transaction, giving it a market cap of $41.082 million. The price-earnings ratio stands at 2.38, significantly below both the industry median of 34.25 and the company's historical median.
According to GF Value, the stock is considered Significantly Overvalued with a price-to-GF-Value ratio of 1.31. The GF Value of $2.39 is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates.
Insider transaction trends for CPI Aerostructures Inc show a pattern of more insider buying than selling over the past year, with 4 insider buys and 0 insider sells. This could indicate a positive outlook from those closest to the company.
This insider buying activity, especially from a director of the company, might suggest confidence in the future prospects of CPI Aerostructures Inc, despite the current valuation metrics indicating an overvaluation relative to its GF Value.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
