Curtiss-Wright Corporation’s (CW) “Buy” Rating Reaffirmed at Deutsche Bank AG

Curtiss-Wright Corporation (NYSE:CW)‘s stock had its “buy” rating reaffirmed by research analysts at Deutsche Bank AG in a research note issued on Friday, October 6th. They presently have a $125.00 price target on the aerospace company’s stock. Deutsche Bank AG’s price target would suggest a potential upside of 10.05% from the stock’s current price.

A number of other analysts have also commented on CW. BidaskClub raised Curtiss-Wright Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Zacks Investment Research lowered Curtiss-Wright Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 15th. Finally, Stifel Nicolaus initiated coverage on Curtiss-Wright Corporation in a report on Monday, September 18th. They issued a “hold” rating and a $100.00 target price for the company. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $117.20.

Curtiss-Wright Corporation (CW) opened at 113.58 on Friday. The firm has a 50-day moving average price of $104.05 and a 200-day moving average price of $95.13. Curtiss-Wright Corporation has a 52 week low of $82.77 and a 52 week high of $114.00. The company has a market cap of $5.01 billion, a P/E ratio of 25.77 and a beta of 1.25.

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

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In other Curtiss-Wright Corporation 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 completion of the sale, the vice president now owns 19,467 shares of the company’s stock, valued at $2,067,006.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $96.16, for a total value of $125,008.00. Following the sale, the director now directly owns 14,960 shares of the company’s stock, valued at approximately $1,438,553.60. The disclosure for this sale can be found here. Insiders sold 13,198 shares of company stock valued at $1,405,374 in the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its holdings in Curtiss-Wright Corporation by 0.6% during the second quarter. BlackRock Inc. now owns 5,130,026 shares of the aerospace company’s stock valued at $470,833,000 after purchasing an additional 30,422 shares during the period. Vanguard Group Inc. grew its holdings in Curtiss-Wright Corporation by 10.2% during the first quarter. Vanguard Group Inc. now owns 3,583,354 shares of the aerospace company’s stock valued at $327,018,000 after purchasing an additional 331,982 shares during the period. State Street Corp grew its holdings in Curtiss-Wright Corporation by 5.8% during the second quarter. State Street Corp now owns 1,776,207 shares of the aerospace company’s stock valued at $163,017,000 after purchasing an additional 97,137 shares during the period. Northern Trust Corp grew its holdings in Curtiss-Wright Corporation by 1.5% during the second quarter. Northern Trust Corp now owns 1,241,364 shares of the aerospace company’s stock valued at $113,933,000 after purchasing an additional 17,769 shares during the period. Finally, AQR Capital Management LLC grew its holdings in Curtiss-Wright Corporation by 38.5% during the first quarter. AQR Capital Management LLC now owns 1,024,532 shares of the aerospace company’s stock valued at $93,499,000 after purchasing an additional 285,005 shares during the period. 76.18% of the stock is owned by institutional investors and hedge funds.

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)

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