Analysts’ Recent Ratings Changes for Chicago Rivet & Machine (CVR)

Several brokerages have updated their recommendations and price targets on shares of Chicago Rivet & Machine (NYSEAMERICAN: CVR) in the last few weeks:

• 9/15/2023 – Chicago Rivet & Machine is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 9/9/2023 – Chicago Rivet & Machine is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 9/3/2023 – Chicago Rivet & Machine is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 8/28/2023 – Chicago Rivet & Machine is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 8/22/2023 – Chicago Rivet & Machine is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 8/16/2023 – Chicago Rivet & Machine is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 8/14/2023 – Chicago Rivet & Machine is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 8/13/2023 – Chicago Rivet & Machine is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 8/12/2023 – Chicago Rivet & Machine is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 8/11/2023 – Chicago Rivet & Machine is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 8/9/2023 – Chicago Rivet & Machine is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 8/8/2023 – Chicago Rivet & Machine is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 8/6/2023 – Chicago Rivet & Machine is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 8/5/2023 – Chicago Rivet & Machine is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 8/3/2023 – Chicago Rivet & Machine is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 8/2/2023 – Chicago Rivet & Machine is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 8/1/2023 – Chicago Rivet & Machine is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 7/30/2023 – Chicago Rivet & Machine is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 7/29/2023 – Chicago Rivet & Machine is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 7/28/2023 – Chicago Rivet & Machine is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 7/27/2023 – Chicago Rivet & Machine is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 7/25/2023 – Chicago Rivet & Machine is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 7/24/2023 – Chicago Rivet & Machine is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 7/23/2023 – Chicago Rivet & Machine is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 7/21/2023 – Chicago Rivet & Machine is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 7/20/2023 – Chicago Rivet & Machine is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 7/19/2023 – Chicago Rivet & Machine is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 7/17/2023 – Chicago Rivet & Machine is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.

Chicago Rivet & Machine Price Performance

CVR stock remained flat at $18.02 during trading on Friday. 59 shares of the company’s stock traded hands, compared to its average volume of 4,138. Chicago Rivet & Machine Co. has a fifty-two week low of $17.00 and a fifty-two week high of $32.94. The company has a 50 day moving average of $24.91. The firm has a market capitalization of $17.48 million, a price-to-earnings ratio of 46.21 and a beta of 0.06.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last released its quarterly earnings data on Monday, August 7th. The company reported ($1.36) EPS for the quarter. Chicago Rivet & Machine had a net margin of 1.15% and a return on equity of 1.21%. The business had revenue of $8.05 million for the quarter.

Chicago Rivet & Machine Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Tuesday, September 5th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, September 1st. This represents a $0.40 annualized dividend and a yield of 2.22%. Chicago Rivet & Machine’s dividend payout ratio (DPR) is currently 102.57%.

Hedge Funds Weigh In On Chicago Rivet & Machine

Several institutional investors have recently bought and sold shares of CVR. Captrust Financial Advisors bought a new stake in shares of Chicago Rivet & Machine in the 2nd quarter worth about $41,000. Advisor Group Holdings Inc. bought a new stake in shares of Chicago Rivet & Machine in the 4th quarter worth about $43,000. BlackRock Inc. lifted its holdings in shares of Chicago Rivet & Machine by 206,600.0% in the 2nd quarter. BlackRock Inc. now owns 2,067 shares of the company’s stock worth $53,000 after acquiring an additional 2,066 shares during the last quarter. Cannell Capital LLC lifted its holdings in shares of Chicago Rivet & Machine by 16.2% in the 4th quarter. Cannell Capital LLC now owns 11,486 shares of the company’s stock worth $329,000 after acquiring an additional 1,600 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in shares of Chicago Rivet & Machine by 8.6% in the 4th quarter. Morgan Stanley now owns 12,696 shares of the company’s stock worth $363,000 after acquiring an additional 1,005 shares during the last quarter. Institutional investors own 20.88% of the company’s stock.

Chicago Rivet & Machine Co operates in the fastener industry in North America. The company operates in two segments, Fasteners and Assembly Equipment. The Fastener segment manufactures and sells rivets, cold-formed fasteners and parts, and screw machine products. The Assembly Equipment segment manufactures and sells automatic rivet setting machines and assembly equipment, as well as parts and tools for related machines.