Curtiss-Wright Corporation (NYSE:CW) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday, September 12th.
According to Zacks, “CURTISS-WRIGHT CORP. produces precision components for the aerospace, industrial and marine companies. Aerospace components consist of control and actuation systems. Co. also provides shot-perring & heat treating for industrial markets and the target rock subsidiary produces engineered valves for the United States Navy. “
Other equities research analysts have also recently issued reports about the stock. SunTrust Banks, Inc. raised shares of Curtiss-Wright Corporation from a “hold” rating to a “buy” rating and boosted their price target for the stock from $103.00 to $112.00 in a research report on Monday, June 5th. BidaskClub raised shares of Curtiss-Wright Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $107.40.
Curtiss-Wright Corporation (CW) opened at 104.54 on Tuesday. Curtiss-Wright Corporation has a 1-year low of $82.77 and a 1-year high of $107.61. The company’s 50-day moving average price is $96.82 and its 200-day moving average price is $93.00. The stock has a market cap of $4.61 billion, a P/E ratio of 23.72 and a beta of 1.26.
Curtiss-Wright Corporation (NYSE:CW) last posted its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $1.13 EPS for the quarter, beating the consensus estimate of $0.97 by $0.16. The business had revenue of $567.70 million for the quarter, compared to analysts’ expectations of $546.73 million. Curtiss-Wright Corporation had a net margin of 9.14% and a return on equity of 14.79%. The firm’s revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.88 EPS. Analysts predict that Curtiss-Wright Corporation will post $4.54 EPS for the current year.
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In other Curtiss-Wright Corporation news, Director S Marce Fuller sold 1,300 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $96.16, for a total transaction of $125,008.00. Following the transaction, the director now owns 14,960 shares in the company, valued at approximately $1,438,553.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Paul J. Ferdenzi sold 6,907 shares of the stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $106.18, for a total transaction of $733,385.26. Following the transaction, the vice president now owns 19,467 shares in the company, valued at approximately $2,067,006.06. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.
Several institutional investors have recently modified their holdings of CW. Meadow Creek Investment Management LLC lifted its holdings in shares of Curtiss-Wright Corporation by 7.3% during the 1st quarter. Meadow Creek Investment Management LLC now owns 1,408 shares of the aerospace company’s stock worth $129,000 after acquiring an additional 96 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Curtiss-Wright Corporation by 9.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,656 shares of the aerospace company’s stock valued at $152,000 after purchasing an additional 143 shares during the last quarter. Neuburgh Advisers LLC lifted its stake in Curtiss-Wright Corporation by 7.3% in the 1st quarter. Neuburgh Advisers LLC now owns 1,936 shares of the aerospace company’s stock valued at $177,000 after purchasing an additional 132 shares during the last quarter. Harbour Capital Advisors LLC lifted its stake in Curtiss-Wright Corporation by 93.2% in the 2nd quarter. Harbour Capital Advisors LLC now owns 16,520 shares of the aerospace company’s stock valued at $180,000 after purchasing an additional 7,970 shares during the last quarter. Finally, Burney Co. bought a new position in Curtiss-Wright Corporation in the 2nd quarter valued at approximately $203,000. 76.18% of the stock is owned by institutional investors.
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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