Curtiss-Wright Corporation (CW) Rating Reiterated by Seaport Global Securities

Seaport Global Securities restated their buy rating on shares of Curtiss-Wright Corporation (NYSE:CW) in a research report report published on Friday, October 27th.

A number of other analysts also recently issued reports on the company. Stifel Nicolaus lifted their target price on Curtiss-Wright Corporation from $117.00 to $124.00 and gave the stock a hold rating in a research report on Friday, October 27th. Zacks Investment Research downgraded Curtiss-Wright Corporation from a buy rating to a hold rating in a research report on Tuesday, September 5th. Deutsche Bank AG reiterated a buy rating and set a $125.00 target price on shares of Curtiss-Wright Corporation in a research report on Friday, October 6th. Finally, SunTrust Banks, Inc. reiterated a buy rating and set a $128.00 target price on shares of Curtiss-Wright Corporation in a research report on Friday, October 20th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Curtiss-Wright Corporation has a consensus rating of Buy and a consensus price target of $126.67.

Shares of Curtiss-Wright Corporation (CW) opened at $117.37 on Friday. The company has a current ratio of 2.08, a quick ratio of 1.48 and a debt-to-equity ratio of 0.55. Curtiss-Wright Corporation has a fifty-two week low of $82.77 and a fifty-two week high of $120.54. The stock has a market cap of $5,218.74, a P/E ratio of 24.74, a price-to-earnings-growth ratio of 2.01 and a beta of 1.25.

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

COPYRIGHT VIOLATION NOTICE: “Curtiss-Wright Corporation (CW) Rating Reiterated by Seaport Global Securities” was published by BBNS and is the sole property of of BBNS. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be read at https://baseballnewssource.com/markets/curtiss-wright-corporation-cw-given-buy-rating-at-seaport-global-securities/1741737.html.

The business also recently announced a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Friday, October 6th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend was Thursday, October 5th. This is a positive change from Curtiss-Wright Corporation’s previous quarterly dividend of $0.13. Curtiss-Wright Corporation’s payout ratio is 12.45%.

In related news, VP Paul J. Ferdenzi sold 6,907 shares of the company’s 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 sale, the vice president now owns 19,467 shares in the company, valued at $2,067,006.06. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO David Charles Adams sold 17,000 shares of the company’s 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 sale, the chief executive officer now owns 70,570 shares in the company, valued at approximately $8,400,652.80. The disclosure for this sale can be found here. Insiders sold 40,865 shares of company stock worth $4,708,944 in the last quarter. 1.10% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Dean Investment Associates LLC purchased a new stake in Curtiss-Wright Corporation in the third quarter valued at approximately $687,000. California Public Employees Retirement System lifted its holdings in Curtiss-Wright Corporation by 4.1% in the third quarter. California Public Employees Retirement System now owns 76,529 shares of the aerospace company’s stock valued at $8,000,000 after acquiring an additional 3,029 shares during the period. Jane Street Group LLC acquired a new position in Curtiss-Wright Corporation in the third quarter valued at approximately $591,000. Magnetar Financial LLC acquired a new position in Curtiss-Wright Corporation in the third quarter valued at approximately $203,000. Finally, WINTON GROUP Ltd acquired a new position in Curtiss-Wright Corporation in the third quarter valued at approximately $5,579,000. Hedge funds and other institutional investors own 78.06% 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.

Analyst Recommendations for Curtiss-Wright Corporation (NYSE:CW)

Receive News & Ratings for Curtiss-Wright Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Curtiss-Wright Corporation and related companies with our FREE daily email newsletter.

 


Latest News

Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
MLB Commissioner: New Rule for Pace-of-Play in 2018
MLB Commissioner: New Rule for Pace-of-Play in 2018
Alex Cobb Could Be Good Fit for Cubs
Alex Cobb Could Be Good Fit for Cubs
Joey Votto Is One of Baseball’s Best Hitters
Joey Votto Is One of Baseball’s Best Hitters
Hunter Pence May Become Part-Time Player
Hunter Pence May Become Part-Time Player
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts


Leave a Reply

 
© 2006-2017 BBNS.