Curtiss-Wright (CW) Receives “Buy” Rating from Seaport Global Securities

Curtiss-Wright (NYSE:CW)‘s stock had its “buy” rating reiterated by equities researchers at Seaport Global Securities in a research note issued to investors on Tuesday.

Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Curtiss-Wright from a “hold” rating to a “buy” rating and set a $152.00 price target on the stock in a research report on Tuesday, September 25th. ValuEngine raised shares of Curtiss-Wright from a “hold” rating to a “buy” rating in a research report on Thursday, August 2nd. UBS Group started coverage on shares of Curtiss-Wright in a research report on Wednesday, August 15th. They issued a “neutral” rating and a $140.00 price target on the stock. Finally, William Blair raised shares of Curtiss-Wright from a “market perform” rating to an “outperform” rating and dropped their price target for the company from $145.00 to $129.00 in a research report on Monday, July 2nd. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Curtiss-Wright presently has an average rating of “Buy” and an average price target of $139.43.

CW stock opened at $109.46 on Tuesday. The stock has a market cap of $4.83 billion, a PE ratio of 21.76, a P/E/G ratio of 1.40 and a beta of 1.21. The company has a current ratio of 2.16, a quick ratio of 1.42 and a debt-to-equity ratio of 0.52. Curtiss-Wright has a 1 year low of $105.77 and a 1 year high of $143.38.



Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Tuesday, October 30th. The aerospace company reported $1.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.58 by $0.12. Curtiss-Wright had a net margin of 10.98% and a return on equity of 17.76%. The business had revenue of $595.40 million for the quarter, compared to analysts’ expectations of $628.27 million. During the same quarter last year, the firm earned $1.43 EPS. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, sell-side analysts expect that Curtiss-Wright will post 6.16 EPS for the current fiscal year.

In related news, Director S Marce Fuller sold 1,250 shares of the firm’s stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $133.07, for a total value of $166,337.50. Following the transaction, the director now owns 11,734 shares of the company’s stock, valued at approximately $1,561,443.38. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Curtiss-Wright by 31.9% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,674 shares of the aerospace company’s stock worth $199,000 after purchasing an additional 405 shares during the last quarter. GAM Holding AG increased its stake in shares of Curtiss-Wright by 20.3% during the 2nd quarter. GAM Holding AG now owns 2,734 shares of the aerospace company’s stock worth $325,000 after purchasing an additional 461 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Curtiss-Wright by 1.7% during the 3rd quarter. Arizona State Retirement System now owns 31,229 shares of the aerospace company’s stock worth $4,291,000 after purchasing an additional 534 shares during the last quarter. Raymond James & Associates increased its stake in shares of Curtiss-Wright by 1.2% during the 2nd quarter. Raymond James & Associates now owns 45,785 shares of the aerospace company’s stock worth $5,449,000 after purchasing an additional 548 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its stake in shares of Curtiss-Wright by 3.5% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 17,190 shares of the aerospace company’s stock worth $2,046,000 after purchasing an additional 589 shares during the last quarter. 75.20% of the stock is currently owned by hedge funds and other institutional investors.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation, together with its subsidiaries, designs, manufactures, and overhauls precision components, and engineered products and services primarily to the aerospace, defense, general industrial, and power generation markets worldwide. The company operates through three segments: Commercial/Industrial, Defense, and Power.

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Analyst Recommendations for Curtiss-Wright (NYSE:CW)

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