Curtiss-Wright Corporation (NYSE:CW) Director Acquires $22,697.65 in Stock

Curtiss-Wright Corporation (NYSE:CW) Director Rita J. Heise bought 185 shares of Curtiss-Wright stock in a transaction dated Monday, January 8th. The stock was purchased at an average cost of $122.69 per share, with a total value of $22,697.65. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Curtiss-Wright Corporation (NYSE CW) traded up $2.36 on Tuesday, reaching $131.10. The company’s stock had a trading volume of 275,639 shares, compared to its average volume of 223,960. 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 stock has a market cap of $5,790.00, a P/E ratio of 26.98, a PEG ratio of 2.01 and a beta of 1.26. Curtiss-Wright Corporation has a 12-month low of $82.77 and a 12-month high of $134.44.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Curtiss-Wright by 9.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,656 shares of the aerospace company’s stock worth $152,000 after purchasing an additional 143 shares during the period. Magnetar Financial LLC acquired a new position in Curtiss-Wright during the 3rd quarter worth approximately $203,000. Quantitative Systematic Strategies LLC acquired a new position in Curtiss-Wright during the 3rd quarter worth approximately $212,000. Linscomb & Williams Inc. acquired a new position in Curtiss-Wright during the 3rd quarter worth approximately $212,000. Finally, WASHINGTON TRUST Co acquired a new position in Curtiss-Wright during the 3rd quarter worth approximately $217,000. Institutional investors own 76.17% of the company’s stock.

Several analysts have recently weighed in on CW shares. Bank of America raised Curtiss-Wright from a “neutral” rating to a “buy” rating and set a $136.00 target price for the company in a report on Monday, October 30th. Wells Fargo & Co raised Curtiss-Wright from a “market perform” rating to an “outperform” rating and set a $120.00 price objective for the company in a research note on Tuesday. Stifel Nicolaus reaffirmed a “hold” rating and set a $117.00 price objective on shares of Curtiss-Wright in a research note on Tuesday, October 17th. Zacks Investment Research downgraded Curtiss-Wright from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $128.00 price objective on shares of Curtiss-Wright in a research note on Friday, October 20th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $132.00.

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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.

Insider Buying and Selling by Quarter for Curtiss-Wright (NYSE:CW)

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