Curtiss-Wright Corporation (NYSE:CW)‘s stock had its “buy” rating reissued by investment analysts at Seaport Global Securities in a report released on Friday.

A number of other brokerages also recently issued reports on CW. Zacks Investment Research downgraded shares of Curtiss-Wright Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, September 5th. Stifel Nicolaus increased their price target on shares of Curtiss-Wright Corporation from $117.00 to $124.00 and gave the stock a “hold” rating in a report on Friday. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $125.00 price target on shares of Curtiss-Wright Corporation in a report on Friday, October 6th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $126.67.

Curtiss-Wright Corporation (NYSE CW) opened at 117.30 on Friday. Curtiss-Wright Corporation has a 12-month low of $82.77 and a 12-month high of $118.49. The firm has a 50-day moving average of $107.89 and a 200 day moving average of $96.63. The company has a market capitalization of $5.18 billion, a price-to-earnings ratio of 26.61 and a beta of 1.25.

Curtiss-Wright Corporation (NYSE:CW) last released its quarterly earnings data on Wednesday, October 25th. The aerospace company reported $1.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.21. The business had revenue of $567.90 million for the quarter, compared to the consensus estimate of $539.28 million. Curtiss-Wright Corporation had a net margin of 9.70% and a return on equity of 15.60%. The company’s revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.02 earnings per share. Analysts expect that Curtiss-Wright Corporation will post $4.68 EPS for the current fiscal year.

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In related news, VP Paul J. Ferdenzi sold 2,651 shares of the firm’s stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $111.00, for a total value of $294,261.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Paul J. Ferdenzi sold 6,907 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $106.18, for a total transaction of $733,385.26. Following the completion of the sale, the vice president now directly owns 19,467 shares in the company, valued at $2,067,006.06. The disclosure for this sale can be found here. Insiders sold 15,849 shares of company stock worth $1,737,695 over the last ninety days. 1.10% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Neuberger Berman Group LLC raised its stake in Curtiss-Wright Corporation by 0.5% in the second quarter. Neuberger Berman Group LLC now owns 3,297 shares of the aerospace company’s stock valued at $303,000 after purchasing an additional 18 shares in the last quarter. World Asset Management Inc grew its position in Curtiss-Wright Corporation by 1.2% during the second quarter. World Asset Management Inc now owns 2,749 shares of the aerospace company’s stock valued at $252,000 after acquiring an additional 33 shares during the last quarter. Teacher Retirement System of Texas grew its position in Curtiss-Wright Corporation by 1.4% during the second quarter. Teacher Retirement System of Texas now owns 3,386 shares of the aerospace company’s stock valued at $311,000 after acquiring an additional 46 shares during the last quarter. Oakbrook Investments LLC grew its position in Curtiss-Wright Corporation by 1.6% during the second quarter. Oakbrook Investments LLC now owns 3,250 shares of the aerospace company’s stock valued at $298,000 after acquiring an additional 50 shares during the last quarter. Finally, State Treasurer State of Michigan grew its position in Curtiss-Wright Corporation by 0.6% during the second quarter. State Treasurer State of Michigan now owns 18,200 shares of the aerospace company’s stock valued at $1,670,000 after acquiring an additional 100 shares during the last quarter. 76.41% of the stock is currently owned by institutional investors and hedge funds.

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.

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

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