Curtiss-Wright Corporation (NYSE:CW) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Thursday. The firm presently has a $108.00 price target on the aerospace company’s stock. Zacks Investment Research‘s price target suggests a potential upside of 15.42% from the stock’s previous close.
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 research analysts have also issued reports about the stock. SunTrust Banks, Inc. upgraded shares of Curtiss-Wright Corporation from a “hold” rating to a “buy” rating and boosted 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 analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $107.25.
Shares of Curtiss-Wright Corporation (NYSE:CW) opened at 93.57 on Thursday. The firm has a market capitalization of $4.13 billion, a P/E ratio of 21.23 and a beta of 1.25. Curtiss-Wright Corporation has a 12 month low of $82.77 and a 12 month high of $107.61. The stock has a 50 day moving average price of $95.04 and a 200 day moving average price of $93.22.
Curtiss-Wright Corporation (NYSE:CW) last released its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.16. The company had revenue of $567.70 million for the quarter, compared to analyst estimates of $546.73 million. Curtiss-Wright Corporation had a net margin of 9.14% and a return on equity of 14.79%. Curtiss-Wright Corporation’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.88 EPS. On average, analysts expect that Curtiss-Wright Corporation will post $4.55 earnings per share for the current year.
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In related news, Director S Marce Fuller sold 1,300 shares of the company’s stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $90.65, for a total value of $117,845.00. Following 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 can be accessed through this link. 1.10% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in CW. Public Employees Retirement System of Ohio raised its position in shares of Curtiss-Wright Corporation by 12.0% in the second quarter. Public Employees Retirement System of Ohio now owns 2,392 shares of the aerospace company’s stock worth $220,000 after buying an additional 256 shares during the period. Westwood Holdings Group Inc. raised its position in shares of Curtiss-Wright Corporation by 4.8% in the second quarter. Westwood Holdings Group Inc. now owns 677,570 shares of the aerospace company’s stock worth $62,271,000 after buying an additional 30,777 shares during the period. Ameritas Investment Partners Inc. raised its position in shares of Curtiss-Wright Corporation by 0.8% in the second quarter. Ameritas Investment Partners Inc. now owns 17,008 shares of the aerospace company’s stock worth $1,561,000 after buying an additional 141 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Curtiss-Wright Corporation by 0.4% in the second quarter. The Manufacturers Life Insurance Company now owns 97,162 shares of the aerospace company’s stock worth $8,917,000 after buying an additional 408 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Curtiss-Wright Corporation by 46.1% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 28,220 shares of the aerospace company’s stock worth $2,560,000 after buying an additional 8,902 shares during the period. Institutional investors and hedge funds own 77.44% 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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