Curtiss-Wright (NYSE:CW) Upgraded by StockNews.com to “Strong-Buy” Rating

StockNews.com upgraded shares of Curtiss-Wright (NYSE:CW) from a buy rating to a strong-buy rating in a report issued on Tuesday morning.

Several other analysts have also commented on CW. Citigroup lowered their price target on shares of Curtiss-Wright from $450.00 to $424.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Stifel Nicolaus lowered their target price on Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating on the stock in a report on Monday, April 14th. Finally, Truist Financial cut their price target on Curtiss-Wright from $357.00 to $338.00 and set a “hold” rating for the company in a report on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Curtiss-Wright has a consensus rating of “Moderate Buy” and a consensus price target of $377.43.

Curtiss-Wright Stock Performance

Shares of CW stock opened at $395.27 on Tuesday. The stock has a fifty day moving average price of $329.39 and a 200 day moving average price of $345.89. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69. The stock has a market cap of $14.89 billion, a PE ratio of 37.47, a P/E/G ratio of 2.48 and a beta of 1.04. Curtiss-Wright has a 1 year low of $258.85 and a 1 year high of $399.25.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.39 by $0.43. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. The business had revenue of $805.65 million during the quarter, compared to the consensus estimate of $767.32 million. During the same quarter in the previous year, the company posted $1.99 EPS. The business’s revenue was up 13.0% on a year-over-year basis. Sell-side analysts forecast that Curtiss-Wright will post 12.32 earnings per share for the current fiscal year.

Insider Activity at Curtiss-Wright

In related news, VP George P. Mcdonald sold 148 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total value of $48,160.68. Following the completion of the sale, the vice president now directly owns 1,899 shares in the company, valued at approximately $617,953.59. The trade was a 7.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO K Christopher Farkas sold 4,780 shares of the company’s stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $350.00, for a total transaction of $1,673,000.00. Following the transaction, the chief financial officer now directly owns 9,253 shares of the company’s stock, valued at $3,238,550. This trade represents a 34.06% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,642 shares of company stock worth $3,581,107. 0.55% of the stock is currently owned by insiders.

Institutional Trading of Curtiss-Wright

Several institutional investors have recently made changes to their positions in the stock. YANKCOM Partnership purchased a new stake in Curtiss-Wright during the fourth quarter valued at about $31,000. Whipplewood Advisors LLC grew its holdings in shares of Curtiss-Wright by 1,566.7% during the 1st quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 94 shares during the period. Minot DeBlois Advisors LLC acquired a new stake in Curtiss-Wright during the 4th quarter worth approximately $35,000. Private Trust Co. NA raised its holdings in Curtiss-Wright by 13,800.0% in the first quarter. Private Trust Co. NA now owns 139 shares of the aerospace company’s stock valued at $44,000 after buying an additional 138 shares during the period. Finally, Ancora Advisors LLC purchased a new position in Curtiss-Wright in the fourth quarter valued at approximately $49,000. 82.71% of the stock is owned by hedge funds and other institutional investors.

About Curtiss-Wright

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.