Curtiss-Wright Corporation (NYSE:CW) Lifted to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Curtiss-Wright Corporation (NYSE:CW) from a sell rating to a hold rating in a research report sent to investors on Monday, October 9th.

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. “

A number of other equities research analysts also recently weighed in on CW. BidaskClub raised Curtiss-Wright Corporation from a sell rating to a hold rating in a report on Tuesday, August 8th. Deutsche Bank AG reaffirmed a buy rating and issued a $125.00 price target on shares of Curtiss-Wright Corporation in a research note on Friday, October 6th. Finally, Stifel Nicolaus initiated coverage on Curtiss-Wright Corporation in a research note on Monday, September 18th. They issued a hold rating and a $100.00 price target for the company. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $117.20.

Shares of Curtiss-Wright Corporation (CW) traded up 0.04% during trading on Monday, hitting $113.58. 203,944 shares of the stock were exchanged. The stock’s 50 day moving average is $102.74 and its 200-day moving average is $94.68. The stock has a market cap of $5.01 billion, a price-to-earnings ratio of 25.77 and a beta of 1.25. Curtiss-Wright Corporation has a 12-month low of $82.77 and a 12-month high of $114.00.

Curtiss-Wright Corporation (NYSE:CW) last posted its earnings results on Wednesday, July 26th. The aerospace company reported $1.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.16. Curtiss-Wright Corporation had a return on equity of 14.79% and a net margin of 9.14%. The company had revenue of $567.70 million during the quarter, compared to the consensus estimate of $546.73 million. During the same quarter last year, the firm earned $0.88 earnings per share. The company’s revenue was up 6.6% on a year-over-year basis. Equities research analysts anticipate that Curtiss-Wright Corporation will post $4.55 EPS for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, October 6th will be paid a dividend of $0.15 per share. This is an increase from Curtiss-Wright Corporation’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.60 annualized dividend and a yield of 0.53%. Curtiss-Wright Corporation’s payout ratio is presently 13.61%.

In other news, VP Paul J. Ferdenzi sold 6,907 shares of the business’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $106.18, for a total transaction of $733,385.26. Following the sale, the vice president now directly owns 19,467 shares in the company, valued at $2,067,006.06. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director S Marce Fuller sold 1,300 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $96.16, for a total value of $125,008.00. Following the sale, the director now owns 14,960 shares in the company, valued at $1,438,553.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,198 shares of company stock valued at $1,405,374. Insiders own 1.10% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio grew its holdings in shares of Curtiss-Wright Corporation by 12.0% during the second quarter. Public Employees Retirement System of Ohio now owns 2,392 shares of the aerospace company’s stock worth $220,000 after purchasing an additional 256 shares during the last quarter. Westwood Holdings Group Inc. grew its holdings in shares of Curtiss-Wright Corporation by 4.8% during the second quarter. Westwood Holdings Group Inc. now owns 677,570 shares of the aerospace company’s stock worth $62,271,000 after purchasing an additional 30,777 shares during the last quarter. Ameritas Investment Partners Inc. grew its holdings in shares of Curtiss-Wright Corporation by 0.8% during the second quarter. Ameritas Investment Partners Inc. now owns 17,008 shares of the aerospace company’s stock worth $1,561,000 after purchasing an additional 141 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Curtiss-Wright Corporation by 0.4% during the second quarter. The Manufacturers Life Insurance Company now owns 97,162 shares of the aerospace company’s stock worth $8,917,000 after purchasing an additional 408 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Curtiss-Wright Corporation by 46.1% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 28,220 shares of the aerospace company’s stock worth $2,560,000 after purchasing an additional 8,902 shares during the last quarter. Institutional investors own 76.18% 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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