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

Curtiss-Wright (NYSE:CW) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Sunday.

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

Curtiss-Wright Stock Up 2.1 %

CW opened at $273.85 on Friday. Curtiss-Wright has a 12 month low of $157.85 and a 12 month high of $279.79. The stock has a market capitalization of $10.49 billion, a P/E ratio of 28.20 and a beta of 1.18. The business has a 50 day simple moving average of $248.98 and a 200-day simple moving average of $228.80. 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 (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. Curtiss-Wright had a return on equity of 16.79% and a net margin of 12.78%. The firm had revenue of $713.17 million during the quarter, compared to the consensus estimate of $664.01 million. During the same period last year, the business posted $1.53 EPS. Curtiss-Wright’s quarterly revenue was up 13.0% on a year-over-year basis. On average, equities analysts anticipate that Curtiss-Wright will post 10.27 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO K Christopher Farkas sold 925 shares of Curtiss-Wright stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $243.55, for a total value of $225,283.75. Following the transaction, the chief financial officer now owns 10,052 shares in the company, valued at $2,448,164.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Paul J. Ferdenzi sold 2,500 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $250.00, for a total value of $625,000.00. Following the transaction, the vice president now owns 15,942 shares in the company, valued at $3,985,500. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO K Christopher Farkas sold 925 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $243.55, for a total value of $225,283.75. Following the sale, the chief financial officer now owns 10,052 shares in the company, valued at approximately $2,448,164.60. The disclosure for this sale can be found here. Insiders sold a total of 12,451 shares of company stock valued at $3,030,512 over the last quarter. Company insiders own 0.55% of the company’s stock.

Institutional Trading of Curtiss-Wright

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

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.