Zacks Investment Research Upgrades Curtiss-Wright Corporation (CW) to “Buy”
Curtiss-Wright Corporation (NYSE:CW) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Thursday. The brokerage currently has a $110.00 target price on the aerospace company’s stock. Zacks Investment Research‘s price target indicates a potential upside of 10.23% from the stock’s current price.
According to Zacks, “CURTISS-WRIGHT CORP. produces precision components for the aerospace, industrial and marine companies. Aerospace components consist of control and actuation systems. Co. also provides shot-perring & heat treating for industrial markets and the target rock subsidiary produces engineered valves for the United States Navy. “
A number of other research firms have also issued reports on CW. BidaskClub upgraded Curtiss-Wright Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. SunTrust Banks, Inc. upgraded Curtiss-Wright Corporation from a “hold” rating to a “buy” rating and upped their price target for the company from $103.00 to $112.00 in a research report on Monday, June 5th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $107.75.
Curtiss-Wright Corporation (NYSE:CW) traded up 1.20% during midday trading on Thursday, hitting $99.79. The stock had a trading volume of 201,897 shares. The firm has a 50-day moving average of $96.31 and a 200-day moving average of $92.90. The company has a market cap of $4.40 billion, a PE ratio of 22.64 and a beta of 1.26. Curtiss-Wright Corporation has a 12-month low of $82.77 and a 12-month high of $107.61.
Curtiss-Wright Corporation (NYSE:CW) last posted its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.16. The business had revenue of $567.70 million during the quarter, compared to analyst estimates of $546.73 million. Curtiss-Wright Corporation had a return on equity of 14.79% and a net margin of 9.14%. The business’s revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.88 earnings per share. Equities research analysts forecast that Curtiss-Wright Corporation will post $4.55 EPS for the current year.
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In related news, Director S Marce Fuller sold 1,300 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $96.16, for a total value of $125,008.00. Following the transaction, the director now directly owns 14,960 shares in the company, valued at $1,438,553.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.10% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CW. Fortaleza Asset Management Inc. acquired a new position in Curtiss-Wright Corporation in the fourth quarter valued at approximately $101,000. TrimTabs Asset Management LLC lifted its holdings in Curtiss-Wright Corporation by 88.6% in the first quarter. TrimTabs Asset Management LLC now owns 1,175 shares of the aerospace company’s stock valued at $107,000 after acquiring an additional 552 shares during the last quarter. Acrospire Investment Management LLC acquired a new position in Curtiss-Wright Corporation in the second quarter valued at approximately $110,000. Meadow Creek Investment Management LLC lifted its holdings in Curtiss-Wright Corporation by 7.3% in the first quarter. Meadow Creek Investment Management LLC now owns 1,408 shares of the aerospace company’s stock valued at $129,000 after acquiring an additional 96 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Curtiss-Wright Corporation by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,656 shares of the aerospace company’s stock valued at $152,000 after acquiring an additional 143 shares during the last quarter. Hedge funds and other institutional investors own 76.62% of the company’s stock.
Curtiss-Wright Corporation Company Profile
Curtiss-Wright Corporation is a manufacturing and service company that designs, manufactures, and overhauls precision components and provides engineered products and services to the aerospace, defense, power generation and general industrial markets. The Company operates through three segments: Commercial/Industrial, Defense and Power.
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