Curtiss-Wright Corp. Sets New 1-Year High at $73.44 (CW)
Curtiss-Wright Corp. (NYSE:CW)’s share price reached a new 52-week high during trading on Tuesday , ARN reports. The company traded as high as $73.44 and last traded at $72.23, with a volume of 121,371 shares traded. The stock had previously closed at $71.84.
A number of analysts have recently weighed in on CW shares. Analysts at Zacks upgraded shares of Curtiss-Wright Corp. from a “neutral” rating to an “outperform” rating in a research note on Wednesday, August 13th. They now have a $70.80 price target on the stock. Separately, analysts at Topeka Capital Markets raised their price target on shares of Curtiss-Wright Corp. from $70.00 to $72.00 in a research note on Wednesday, August 13th. They now have a “hold” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Curtiss-Wright Corp. in a research note on Friday, August 1st. They now have a $75.00 price target on the stock. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $69.56.
The stock has a 50-day moving average of $65.96 and a 200-day moving average of $65.31. The company has a market cap of $3.507 billion and a price-to-earnings ratio of 22.49.
Curtiss-Wright Corp. (NYSE:CW) last released its earnings data on Wednesday, July 30th. The company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by $0.03. The company had revenue of $652.00 million for the quarter, compared to the consensus estimate of $647.60 million. During the same quarter in the previous year, the company posted $0.70 earnings per share. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. Analysts expect that Curtiss-Wright Corp. will post $3.59 EPS for the current fiscal year.
In other Curtiss-Wright Corp. news, VP Tom P. Quinly sold 2,836 shares of the stock on the open market in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $71.50, for a total transaction of $202,774.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Curtiss-Wright Corporation is a diversified, multinational provider of engineered, technologically advanced products and services.
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