Curtiss-Wright (CW) Hits New 1-Year High Following Analyst Upgrade

Curtiss-Wright Corporation (NYSE:CW) shares hit a new 52-week high during trading on Tuesday after Stifel Nicolaus raised their price target on the stock from $126.00 to $139.00. Stifel Nicolaus currently has a hold rating on the stock. Curtiss-Wright traded as high as $131.49 and last traded at $128.74, with a volume of 264700 shares traded. The stock had previously closed at $127.64.

Several other research analysts have also recently weighed in on CW. Zacks Investment Research cut shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a research report on Tuesday, September 19th. Deutsche Bank restated a “buy” rating and issued a $125.00 price objective on shares of Curtiss-Wright in a research report on Friday, October 6th. SunTrust Banks restated a “buy” rating and issued a $128.00 price objective on shares of Curtiss-Wright in a research report on Friday, October 20th. Wells Fargo & Co boosted their price objective on shares of Curtiss-Wright from $100.00 to $120.00 and gave the stock a “market perform” rating in a research report on Friday, October 27th. Finally, Bank of America upgraded shares of Curtiss-Wright from a “neutral” rating to a “buy” rating and set a $136.00 price objective for the company in a research report on Monday, October 30th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $132.00.

In other Curtiss-Wright news, VP Paul J. Ferdenzi sold 2,651 shares of the company’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $115.00, for a total transaction of $304,865.00. Following the completion of the sale, the vice president now owns 19,835 shares in the company, valued at approximately $2,281,025. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John B. Nathman sold 1,300 shares of the company’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $117.28, for a total transaction of $152,464.00. Following the sale, the director now owns 4,155 shares of the company’s stock, valued at approximately $487,298.40. The disclosure for this sale can be found here. Insiders have sold a total of 50,290 shares of company stock valued at $5,969,585 in the last quarter. Corporate insiders own 1.10% of the company’s stock.

Several institutional investors have recently modified their holdings of the business. Neuberger Berman Group LLC raised its position in shares of Curtiss-Wright by 0.5% during the 2nd quarter. Neuberger Berman Group LLC now owns 3,297 shares of the aerospace company’s stock valued at $303,000 after acquiring an additional 18 shares during the last quarter. Ameritas Investment Partners Inc. increased its position in shares of Curtiss-Wright by 0.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 17,008 shares of the aerospace company’s stock valued at $1,561,000 after buying an additional 141 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Curtiss-Wright by 9.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,656 shares of the aerospace company’s stock valued at $152,000 after buying an additional 143 shares in the last quarter. Amalgamated Bank increased its position in shares of Curtiss-Wright by 3.7% in the 2nd quarter. Amalgamated Bank now owns 6,348 shares of the aerospace company’s stock valued at $583,000 after buying an additional 225 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in shares of Curtiss-Wright by 12.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,392 shares of the aerospace company’s stock valued at $220,000 after buying an additional 256 shares in the last quarter. Institutional investors own 76.17% of the company’s stock.

The company has a current ratio of 2.08, a quick ratio of 1.48 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $5,790.00, a PE ratio of 26.98, a P/E/G ratio of 2.01 and a beta of 1.26.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, October 25th. The aerospace company reported $1.43 EPS for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.21. Curtiss-Wright had a net margin of 9.70% and a return on equity of 15.60%. The business had revenue of $567.90 million during the quarter, compared to analysts’ expectations of $539.28 million. During the same quarter in the prior year, the company earned $1.02 EPS. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. sell-side analysts anticipate that Curtiss-Wright Corporation will post 4.75 earnings per share for the current year.

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Curtiss-Wright Company Profile

Curtiss-Wright Corporation is a manufacturing and service company that designs, manufactures, and overhauls precision components and provides engineered products and services to the aerospace, defense, power generation and general industrial markets. The Company operates through three segments: Commercial/Industrial, Defense and Power.

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