Curtiss-Wright (NYSE:CW) Upgraded at StockNews.com

Curtiss-Wright (NYSE:CW) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Sunday.

A number of other brokerages also recently commented on CW. Morgan Stanley raised their target price on shares of Curtiss-Wright from $260.00 to $284.00 and gave the company an “overweight” rating in a research note on Friday. Robert W. Baird raised their price objective on Curtiss-Wright from $246.00 to $300.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. Stifel Nicolaus upped their target price on Curtiss-Wright from $255.00 to $272.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Finally, Truist Financial raised their target price on Curtiss-Wright from $240.00 to $252.00 and gave the company a “hold” rating in a report on Friday. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $277.00.

Curtiss-Wright Price Performance

Shares of Curtiss-Wright stock opened at $268.17 on Friday. The stock has a market capitalization of $10.27 billion, a P/E ratio of 27.62 and a beta of 1.18. The company has a current ratio of 2.02, a quick ratio of 1.50 and a debt-to-equity ratio of 0.40. The business’s fifty day moving average price is $248.98 and its 200 day moving average price is $228.49. Curtiss-Wright has a twelve month low of $157.72 and a twelve month high of $269.00.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, May 1st. The aerospace company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.24. The business had revenue of $713.17 million for the quarter, compared to analyst estimates of $664.01 million. Curtiss-Wright had a return on equity of 16.79% and a net margin of 12.78%. The company’s revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.53 EPS. As a group, research analysts anticipate that Curtiss-Wright will post 10.17 earnings per share for the current year.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, VP Paul J. Ferdenzi sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $240.00, for a total value of $600,000.00. Following the transaction, the vice president now directly owns 17,383 shares of the company’s stock, valued at approximately $4,171,920. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Curtiss-Wright news, VP Paul J. Ferdenzi sold 2,500 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $240.00, for a total transaction of $600,000.00. Following the completion of the transaction, the vice president now directly owns 17,383 shares of the company’s stock, valued at approximately $4,171,920. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Lynn M. Bamford sold 2,620 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $243.60, for a total transaction of $638,232.00. Following the completion of the sale, the chief executive officer now owns 35,773 shares in the company, valued at approximately $8,714,302.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,451 shares of company stock valued at $3,030,512. 0.67% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Contravisory Investment Management Inc. bought a new position in Curtiss-Wright during the fourth quarter worth $25,000. Creekmur Asset Management LLC bought a new position in shares of Curtiss-Wright in the 4th quarter worth about $32,000. First Horizon Advisors Inc. boosted its holdings in shares of Curtiss-Wright by 1,100.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 144 shares of the aerospace company’s stock valued at $28,000 after buying an additional 132 shares during the period. Venturi Wealth Management LLC grew its position in shares of Curtiss-Wright by 53.6% during the 4th quarter. Venturi Wealth Management LLC now owns 149 shares of the aerospace company’s stock valued at $33,000 after buying an additional 52 shares during the last quarter. Finally, Montag A & Associates Inc. raised its stake in Curtiss-Wright by 67.0% during the third quarter. Montag A & Associates Inc. now owns 152 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 61 shares during the period. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Company Profile

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.