Curtiss-Wright Corporation (NYSE:CW) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.

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 analysts have also issued reports on CW. BidaskClub raised Curtiss-Wright Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Stifel Nicolaus started coverage on Curtiss-Wright Corporation in a research report on Monday. They issued a “hold” rating and a $100.00 price target for the company. Finally, SunTrust Banks, Inc. upgraded Curtiss-Wright Corporation from a “hold” rating to a “buy” rating and increased their price target for the company from $103.00 to $112.00 in a research report on Monday, June 5th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $106.20.

Curtiss-Wright Corporation (CW) traded down 0.67% during midday trading on Tuesday, hitting $101.54. 248,298 shares of the company traded hands. The stock has a 50 day moving average of $96.67 and a 200 day moving average of $92.96. The stock has a market cap of $4.48 billion, a P/E ratio of 23.04 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 released its earnings results on Wednesday, July 26th. The aerospace company reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.16. The firm had revenue of $567.70 million for 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%. Curtiss-Wright Corporation’s revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.88 earnings per share. Equities research analysts predict that Curtiss-Wright Corporation will post $4.55 EPS for the current fiscal year.

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In related news, Director S Marce Fuller sold 1,300 shares of the stock in a transaction 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 completion of the transaction, the director now owns 14,960 shares in the company, valued at approximately $1,438,553.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.10% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio boosted its position in Curtiss-Wright Corporation by 12.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,392 shares of the aerospace company’s stock worth $220,000 after acquiring an additional 256 shares during the period. Westwood Holdings Group Inc. boosted its position in Curtiss-Wright Corporation by 4.8% during the 2nd quarter. Westwood Holdings Group Inc. now owns 677,570 shares of the aerospace company’s stock worth $62,271,000 after acquiring an additional 30,777 shares during the period. Ameritas Investment Partners Inc. boosted its position in Curtiss-Wright Corporation by 0.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 17,008 shares of the aerospace company’s stock worth $1,561,000 after acquiring an additional 141 shares during the period. The Manufacturers Life Insurance Company boosted its position in Curtiss-Wright Corporation by 0.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 97,162 shares of the aerospace company’s stock worth $8,917,000 after acquiring an additional 408 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its position in Curtiss-Wright Corporation by 46.1% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 28,220 shares of the aerospace company’s stock worth $2,560,000 after acquiring an additional 8,902 shares during the period. Institutional investors and hedge funds own 76.18% of the company’s stock.

About Curtiss-Wright Corporation

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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Analyst Recommendations for Curtiss-Wright Corporation (NYSE:CW)

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