Curtiss-Wright Corporation (CW) Upgraded by Zacks Investment Research to “Buy”
Zacks Investment Research upgraded shares of Curtiss-Wright Corporation (NYSE:CW) from a hold rating to a buy rating in a research report report published on Thursday morning. They currently have $108.00 price objective on the aerospace company’s stock.
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. “
Several other equities analysts have also recently weighed in on the company. BidaskClub upgraded Curtiss-Wright Corporation from a sell rating to a hold rating in a report on Tuesday, August 8th. SunTrust Banks, Inc. upgraded Curtiss-Wright Corporation from a hold rating to a buy rating and raised their price target for the company from $103.00 to $112.00 in a report on Monday, June 5th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Curtiss-Wright Corporation currently has a consensus rating of Hold and an average target price of $107.25.
Shares of Curtiss-Wright Corporation (NYSE CW) traded up 0.14% on Thursday, hitting $96.96. The stock had a trading volume of 29,490 shares. The stock has a market capitalization of $4.28 billion, a P/E ratio of 22.00 and a beta of 1.25. The firm has a 50-day moving average price of $95.76 and a 200-day moving average price of $93.06. Curtiss-Wright Corporation has a 52 week low of $82.77 and a 52 week high of $107.61.
Curtiss-Wright Corporation (NYSE:CW) last issued its earnings results on Wednesday, July 26th. The aerospace company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.16. The company had revenue of $567.70 million for the quarter, compared to the consensus estimate of $546.73 million. Curtiss-Wright Corporation had a return on equity of 14.79% and a net margin of 9.14%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the company earned $0.88 EPS. Equities analysts expect that Curtiss-Wright Corporation will post $4.55 earnings per share for the current fiscal year.
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In other news, Director S Marce Fuller sold 1,300 shares of Curtiss-Wright Corporation stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $90.65, for a total value of $117,845.00. Following the completion of the transaction, the director now owns 16,260 shares in the company, valued at approximately $1,473,969. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of CW. Boston Partners boosted its position in Curtiss-Wright Corporation by 1.4% in the first quarter. Boston Partners now owns 1,055,713 shares of the aerospace company’s stock worth $96,344,000 after buying an additional 14,356 shares during the last quarter. Flinton Capital Management LLC boosted its position in Curtiss-Wright Corporation by 7.3% in the first quarter. Flinton Capital Management LLC now owns 2,992 shares of the aerospace company’s stock worth $273,000 after buying an additional 204 shares during the last quarter. American Century Companies Inc. boosted its position in Curtiss-Wright Corporation by 3.3% in the first quarter. American Century Companies Inc. now owns 63,104 shares of the aerospace company’s stock worth $5,759,000 after buying an additional 1,998 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Curtiss-Wright Corporation by 9.5% in the first quarter. Advisors Asset Management Inc. now owns 25,221 shares of the aerospace company’s stock worth $2,302,000 after buying an additional 2,179 shares during the last quarter. Finally, Tyers Asset Management LLC boosted its position in Curtiss-Wright Corporation by 7.3% in the first quarter. Tyers Asset Management LLC now owns 2,464 shares of the aerospace company’s stock worth $225,000 after buying an additional 168 shares during the last quarter. Institutional investors own 76.62% 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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