Curtiss-Wright (NYSE:CW) Lifted to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Curtiss-Wright (NYSE:CW) from a buy rating to a strong-buy rating in a research report report published on Saturday.

CW has been the subject of a number of other research reports. Morgan Stanley upped their target price on Curtiss-Wright from $284.00 to $330.00 and gave the stock an overweight rating in a research report on Thursday, May 23rd. Stifel Nicolaus upped their price target on shares of Curtiss-Wright from $310.00 to $318.00 and gave the company a buy rating in a report on Thursday, July 18th. Truist Financial boosted their price objective on Curtiss-Wright from $252.00 to $270.00 and gave the stock a hold rating in a research report on Wednesday, May 22nd. Finally, Robert W. Baird raised their target price on Curtiss-Wright from $300.00 to $312.00 and gave the company an outperform rating in a report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Buy and an average target price of $307.50.

Curtiss-Wright Trading Up 0.4 %

Shares of CW stock opened at $302.51 on Friday. The stock has a 50-day simple moving average of $279.67 and a 200 day simple moving average of $263.09. The stock has a market capitalization of $11.59 billion, a P/E ratio of 31.15 and a beta of 1.18. Curtiss-Wright has a fifty-two week low of $190.64 and a fifty-two week high of $303.57. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.40.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.43. Curtiss-Wright had a net margin of 12.78% and a return on equity of 16.79%. The firm had revenue of $785.00 million for the quarter, compared to analyst estimates of $735.82 million. During the same quarter in the prior year, the business earned $2.15 EPS. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. On average, sell-side analysts expect that Curtiss-Wright will post 10.25 earnings per share for the current fiscal year.

Insider Buying and Selling at Curtiss-Wright

In other news, COO Kevin Rayment sold 8,415 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $281.67, for a total value of $2,370,253.05. Following the transaction, the chief operating officer now owns 19,914 shares of the company’s stock, valued at approximately $5,609,176.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Curtiss-Wright news, COO Kevin Rayment sold 8,415 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $281.67, for a total transaction of $2,370,253.05. Following the transaction, the chief operating officer now owns 19,914 shares in the company, valued at $5,609,176.38. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Glenda J. Minor sold 500 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $302.80, for a total value of $151,400.00. Following the transaction, the director now owns 1,382 shares of the company’s stock, valued at $418,469.60. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 120 shares of company stock worth $27,914 and have sold 14,215 shares worth $4,011,165. Corporate insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On Curtiss-Wright

Several hedge funds have recently made changes to their positions in CW. International Assets Investment Management LLC bought a new position in shares of Curtiss-Wright in the fourth quarter valued at $31,816,000. Cerity Partners LLC raised its stake in Curtiss-Wright by 61.1% in the fourth quarter. Cerity Partners LLC now owns 2,957 shares of the aerospace company’s stock valued at $659,000 after buying an additional 1,121 shares during the period. Strs Ohio boosted its stake in shares of Curtiss-Wright by 2.5% during the 4th quarter. Strs Ohio now owns 10,859 shares of the aerospace company’s stock worth $2,419,000 after acquiring an additional 266 shares during the period. Mackenzie Financial Corp lifted its holdings in Curtiss-Wright by 3.7% during the 4th quarter. Mackenzie Financial Corp now owns 2,805 shares of the aerospace company’s stock valued at $625,000 after purchasing an additional 99 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Curtiss-Wright by 12.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,347 shares of the aerospace company’s stock valued at $1,860,000 after purchasing an additional 936 shares during the last quarter. 82.71% of the stock is owned by institutional investors.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.