Zacks Investment Research upgraded shares of Curtiss-Wright Corporation (NYSE:CW) from a hold rating to a buy rating in a report released on Tuesday, October 17th. They currently have $127.00 price objective on the aerospace company’s stock.
According to Zacks, “Curtiss-Wright Corporation ( CW ) 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. The Commercial/Industrial segment’s products include electronic throttle control devices and transmission shifters, electro-mechanical actuation control components, valves, and surface technology services. The Defense segment’s products include commercial off-the-shelf (COTS) embedded computing board level modules, turret aiming and stabilization products, weapons handling systems, avionics and electronics, flight test equipment, and aircraft data management solutions. The Power segment’s products include a range of hardware, pumps, valves, fastening systems, specialized containment doors, airlock hatches and spent fuel management products. “
Several other equities research analysts have also weighed in on CW. BidaskClub raised Curtiss-Wright Corporation from a sell rating to a hold rating in a research report on Tuesday, August 8th. Stifel Nicolaus started coverage on Curtiss-Wright Corporation in a research report on Monday, September 18th. They set a hold rating and a $100.00 target price on the stock. Finally, Deutsche Bank AG reaffirmed a buy rating and set a $125.00 price target on shares of Curtiss-Wright Corporation in a research report on Friday, October 6th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Curtiss-Wright Corporation currently has an average rating of Buy and a consensus price target of $126.67.
Curtiss-Wright Corporation (CW) traded down $0.53 on Tuesday, reaching $119.25. The company’s stock had a trading volume of 115,237 shares, compared to its average volume of 266,302. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.08 and a quick ratio of 1.48. Curtiss-Wright Corporation has a 12-month low of $82.77 and a 12-month high of $120.25. The firm has a market capitalization of $5,260.00, a P/E ratio of 25.06, a price-to-earnings-growth ratio of 2.04 and a beta of 1.25.
Curtiss-Wright Corporation (NYSE:CW) last issued its earnings results on Wednesday, October 25th. The aerospace company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.21. Curtiss-Wright Corporation had a return on equity of 15.60% and a net margin of 9.70%. The business had revenue of $567.90 million for the quarter, compared to analyst estimates of $539.28 million. During the same quarter last year, the company earned $1.02 EPS. The business’s quarterly revenue was up 12.0% on a year-over-year basis. research analysts predict that Curtiss-Wright Corporation will post 4.75 earnings per share for the current fiscal year.
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The company also recently declared a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Friday, October 6th were given a dividend of $0.15 per share. This is a positive change from Curtiss-Wright Corporation’s previous quarterly dividend of $0.13. The ex-dividend date was Thursday, October 5th. This represents a $0.60 annualized dividend and a yield of 0.50%. Curtiss-Wright Corporation’s payout ratio is 12.35%.
In other Curtiss-Wright Corporation news, VP Paul J. Ferdenzi sold 6,907 shares of Curtiss-Wright Corporation stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $106.18, for a total value of $733,385.26. Following the transaction, the vice president now directly owns 19,467 shares in the company, valued at approximately $2,067,006.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David Charles Adams sold 17,000 shares of Curtiss-Wright Corporation stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $119.04, for a total value of $2,023,680.00. Following the completion of the transaction, the chief executive officer now owns 70,570 shares in the company, valued at $8,400,652.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,865 shares of company stock worth $4,708,944. 1.10% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in the business. Neuberger Berman Group LLC grew its stake in shares of Curtiss-Wright Corporation by 0.5% in the 2nd quarter. Neuberger Berman Group LLC now owns 3,297 shares of the aerospace company’s stock valued at $303,000 after purchasing an additional 18 shares during the last quarter. World Asset Management Inc grew its stake in shares of Curtiss-Wright Corporation by 1.2% in the 2nd quarter. World Asset Management Inc now owns 2,749 shares of the aerospace company’s stock valued at $252,000 after purchasing an additional 33 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Curtiss-Wright Corporation by 1.4% in the second quarter. Teacher Retirement System of Texas now owns 3,386 shares of the aerospace company’s stock valued at $311,000 after buying an additional 46 shares in the last quarter. Oakbrook Investments LLC boosted its stake in shares of Curtiss-Wright Corporation by 1.6% in the second quarter. Oakbrook Investments LLC now owns 3,250 shares of the aerospace company’s stock valued at $298,000 after buying an additional 50 shares in the last quarter. Finally, State Treasurer State of Michigan boosted its stake in shares of Curtiss-Wright Corporation by 0.6% in the second quarter. State Treasurer State of Michigan now owns 18,200 shares of the aerospace company’s stock valued at $1,670,000 after buying an additional 100 shares in the last quarter. Institutional investors own 76.45% of the company’s stock.
Curtiss-Wright Corporation 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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