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CPI Aerostructures Inc . (NYSE:CVU) has reported a recent transaction involving its director, Carey Bond. According to a filing with the Securities and Exchange Commission, Bond acquired 10,000 shares of the company’s common stock on June 12, 2025. The shares were purchased at $2.879 each, amounting to a total investment of $28,790. The purchase comes as the stock trades near its 52-week low of $2.16, having declined over 22% in the past six months. The aerospace manufacturer, currently valued at $37.4 million, maintains strong liquidity with a current ratio of 1.57. Following this transaction, Bond’s direct ownership in the company increased to 215,517 shares. According to InvestingPro analysis, CVU currently appears fairly valued, with several additional insights available to subscribers.
In other recent news, CPI Aerostructures Inc. has announced several key developments. The company has extended its lease for its facility in Edgewood, New York, through April 2031. The lease extension includes annual rent increases, starting at $181,782.03 in May 2026 and reaching $204,597.28 by May 2030. Additionally, CPI Aerostructures has appointed CBIZ (NYSE:CBZ) CPAs as its new independent auditor following Marcum LLP’s resignation. This change was prompted by the acquisition of Marcum’s attest assets by CBIZ CPAs, with no disagreements reported between CPI Aerostructures and Marcum.
In corporate governance news, CPI Aerostructures increased CEO Dorith Hakim’s annual salary by 4.9%, bringing it to $405,000, effective May 2025. This adjustment was made in line with industry standards and reflects the company’s commitment to compensating its executives accordingly. These updates were disclosed in recent filings with the Securities and Exchange Commission, providing transparency to investors.
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