Zacks Investment Research downgraded shares of Curtiss-Wright Corporation (NYSE:CW) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning.
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 research analysts have also weighed in on CW. SunTrust Banks, Inc. upgraded shares of Curtiss-Wright Corporation from a hold rating to a buy rating and increased their price objective for the stock from $103.00 to $112.00 in a research note on Monday, June 5th. BidaskClub upgraded shares of Curtiss-Wright Corporation from a sell rating to a hold rating in a research note on Tuesday, August 8th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Curtiss-Wright Corporation has an average rating of Hold and a consensus price target of $107.25.
Shares of Curtiss-Wright Corporation (NYSE CW) opened at 93.57 on Tuesday. The stock’s 50 day moving average price is $95.04 and its 200-day moving average price is $93.22. The firm has a market cap of $4.13 billion, a PE ratio of 21.23 and a beta of 1.25. 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 quarterly earnings results on Wednesday, July 26th. The aerospace company reported $1.13 EPS for the quarter, topping the consensus estimate of $0.97 by $0.16. Curtiss-Wright Corporation had a net margin of 9.14% and a return on equity of 14.79%. The business had revenue of $567.70 million for the quarter, compared to analysts’ expectations of $546.73 million. During the same quarter last year, the company posted $0.88 earnings per share. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, equities research analysts anticipate that Curtiss-Wright Corporation will post $4.55 earnings per share for the current fiscal year.
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In related news, Director S Marce Fuller sold 1,300 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $96.16, for a total transaction of $125,008.00. Following the sale, the director now owns 14,960 shares in the company, valued at $1,438,553.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is owned by corporate insiders.
Several large investors have recently made changes to their positions in the stock. Renaissance Technologies LLC purchased a new stake in shares of Curtiss-Wright Corporation during the fourth quarter valued at approximately $207,000. Teachers Advisors LLC raised its stake in shares of Curtiss-Wright Corporation by 3.0% in the fourth quarter. Teachers Advisors LLC now owns 74,043 shares of the aerospace company’s stock valued at $7,283,000 after buying an additional 2,158 shares during the last quarter. Macquarie Group Ltd. purchased a new stake in shares of Curtiss-Wright Corporation during the fourth quarter valued at approximately $2,798,000. Bank of Montreal Can raised its stake in shares of Curtiss-Wright Corporation by 0.9% in the first quarter. Bank of Montreal Can now owns 69,820 shares of the aerospace company’s stock valued at $6,371,000 after buying an additional 632 shares during the last quarter. Finally, Capstone Asset Management Co. raised its stake in shares of Curtiss-Wright Corporation by 14.6% in the first quarter. Capstone Asset Management Co. now owns 4,232 shares of the aerospace company’s stock valued at $386,000 after buying an additional 540 shares during the last quarter. Institutional investors own 77.44% of the company’s stock.
About Curtiss-Wright Corporation
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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