Curtiss-Wright (CW) PT Lowered to $135.00

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Curtiss-Wright (NYSE:CW) had its price target reduced by equities research analysts at Bank of America from $150.00 to $135.00 in a research note issued on Thursday. The brokerage presently has a “buy” rating on the aerospace company’s stock. Bank of America’s price target suggests a potential upside of 21.91% from the stock’s previous close.

CW has been the topic of several other reports. Zacks Investment Research downgraded Curtiss-Wright from a “buy” rating to a “hold” rating in a research report on Monday, August 13th. ValuEngine downgraded Curtiss-Wright from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. Stifel Nicolaus set a $120.00 price objective on Curtiss-Wright and gave the company a “hold” rating in a research report on Thursday, November 1st. SunTrust Banks reduced their price objective on Curtiss-Wright to $148.00 and set a “buy” rating on the stock in a research report on Thursday, November 1st. Finally, Seaport Global Securities restated a “buy” rating on shares of Curtiss-Wright in a research report on Tuesday, October 30th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Curtiss-Wright has an average rating of “Buy” and an average target price of $138.11.

Shares of NYSE:CW traded down $1.41 on Thursday, hitting $110.74. The company had a trading volume of 241,314 shares, compared to its average volume of 270,787. The company has a quick ratio of 1.53, a current ratio of 2.25 and a debt-to-equity ratio of 0.50. Curtiss-Wright has a 52-week low of $105.77 and a 52-week high of $143.38. The company has a market capitalization of $5.01 billion, a P/E ratio of 22.02, a P/E/G ratio of 1.45 and a beta of 1.40.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Tuesday, October 30th. The aerospace company reported $1.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.58 by $0.12. Curtiss-Wright had a return on equity of 17.59% and a net margin of 10.98%. The business had revenue of $595.40 million for the quarter, compared to the consensus estimate of $628.27 million. During the same period in the prior year, the business earned $1.43 earnings per share. The business’s revenue was up 4.8% on a year-over-year basis. On average, sell-side analysts anticipate that Curtiss-Wright will post 6.23 earnings per share for the current year.

In related news, Director S Marce Fuller sold 1,250 shares of the stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $133.07, for a total transaction of $166,337.50. Following the transaction, the director now directly owns 11,734 shares in the company, valued at $1,561,443.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. FMR LLC purchased a new position in shares of Curtiss-Wright in the 3rd quarter worth about $103,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Curtiss-Wright in the 3rd quarter worth about $107,000. Fort L.P. purchased a new position in shares of Curtiss-Wright in the 2nd quarter worth about $116,000. Sageworth Trust Co raised its holdings in shares of Curtiss-Wright by 1,075.0% in the 3rd quarter. Sageworth Trust Co now owns 1,175 shares of the aerospace company’s stock worth $161,000 after purchasing an additional 1,075 shares during the period. Finally, Vigilant Capital Management LLC purchased a new position in shares of Curtiss-Wright in the 2nd quarter worth about $155,000. Institutional investors own 75.13% of the company’s stock.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation, together with its subsidiaries, designs, manufactures, and overhauls precision components, and engineered products and services primarily to the aerospace, defense, general industrial, and power generation markets worldwide. The company operates through three segments: Commercial/Industrial, Defense, and Power.

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Analyst Recommendations for Curtiss-Wright (NYSE:CW)

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