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

StockNews.com upgraded shares of Curtiss-Wright (NYSE:CW) from a buy rating to a strong-buy rating in a research report released on Saturday.

A number of other brokerages have also recently issued reports on CW. Truist Financial increased their target price on shares of Curtiss-Wright from $252.00 to $270.00 and gave the company a hold rating in a report on Wednesday, May 22nd. Stifel Nicolaus lifted their price objective on Curtiss-Wright from $310.00 to $318.00 and gave the stock a buy rating in a report on Thursday, July 18th. Morgan Stanley upped their target price on Curtiss-Wright from $284.00 to $330.00 and gave the company an overweight rating in a report on Thursday, May 23rd. Finally, Robert W. Baird raised their price target on Curtiss-Wright from $300.00 to $312.00 and gave the company an outperform rating in a research report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Curtiss-Wright currently has a consensus rating of Buy and a consensus target price of $307.50.

Curtiss-Wright Stock Down 1.3 %

CW opened at $298.61 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.02 and a quick ratio of 1.38. Curtiss-Wright has a 12 month low of $190.64 and a 12 month high of $303.57. The stock has a market capitalization of $11.44 billion, a P/E ratio of 30.75 and a beta of 1.18. The business has a 50 day simple moving average of $280.26 and a 200-day simple moving average of $263.60.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.43. Curtiss-Wright had a return on equity of 16.79% and a net margin of 12.78%. The firm had revenue of $785.00 million during the quarter, compared to analysts’ expectations of $735.82 million. During the same quarter in the prior year, the business posted $2.15 earnings per share. Curtiss-Wright’s revenue was up 11.4% compared to the same quarter last year. On average, equities analysts anticipate that Curtiss-Wright will post 10.25 earnings per share for the current fiscal year.

Insider Activity at Curtiss-Wright

In related news, Director Glenda J. Minor sold 500 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $302.80, for a total transaction of $151,400.00. Following the sale, the director now owns 1,382 shares of the company’s stock, valued at $418,469.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Glenda J. Minor sold 500 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $302.80, for a total transaction of $151,400.00. Following the transaction, the director now owns 1,382 shares of the company’s stock, valued at $418,469.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Kevin Rayment sold 8,415 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $281.67, for a total transaction of $2,370,253.05. Following the sale, the chief operating officer now owns 19,914 shares in the company, valued at approximately $5,609,176.38. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 120 shares of company stock valued at $27,914 and have sold 14,215 shares valued at $4,011,165. 0.67% of the stock is owned by corporate insiders.

Institutional Trading of Curtiss-Wright

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CW. Versant Capital Management Inc increased its position in Curtiss-Wright by 5,050.0% during the second quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 101 shares during the last quarter. GPS Wealth Strategies Group LLC purchased a new position in shares of Curtiss-Wright in the 2nd quarter worth $30,000. EverSource Wealth Advisors LLC boosted its holdings in Curtiss-Wright by 1,933.3% in the first quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company’s stock valued at $31,000 after acquiring an additional 116 shares during the last quarter. Creekmur Asset Management LLC purchased a new stake in Curtiss-Wright during the fourth quarter valued at about $32,000. Finally, Sachetta LLC acquired a new stake in Curtiss-Wright during the fourth quarter worth about $45,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

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.