Curtiss-Wright Corporation (CW) Given Average Rating of “Buy” by Analysts

Shares of Curtiss-Wright Corporation (NYSE:CW) have earned an average rating of “Buy” from the ten brokerages that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $132.00.

Several research analysts recently issued reports on CW shares. Zacks Investment Research upgraded shares of Curtiss-Wright from a “hold” rating to a “buy” rating and set a $116.00 target price for the company in a research report on Thursday, September 21st. Deutsche Bank restated a “buy” rating and set a $125.00 price target on shares of Curtiss-Wright in a research report on Friday, October 6th. Stifel Nicolaus restated a “hold” rating and set a $117.00 price target on shares of Curtiss-Wright in a research report on Tuesday, October 17th. SunTrust Banks restated a “buy” rating and set a $128.00 price target on shares of Curtiss-Wright in a research report on Friday, October 20th. Finally, Wells Fargo & Co upped their price target on shares of Curtiss-Wright from $100.00 to $120.00 and gave the company a “market perform” rating in a research report on Friday, October 27th.

In other news, Director S Marce Fuller sold 1,300 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $117.95, for a total transaction of $153,335.00. Following the completion of the sale, the director now directly owns 13,660 shares in the company, valued at $1,611,197. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Paul J. Ferdenzi sold 2,651 shares of the stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $115.00, for a total transaction of $304,865.00. Following the sale, the vice president now owns 19,835 shares of the company’s stock, valued at $2,281,025. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,290 shares of company stock valued at $5,969,585. Company insiders own 1.10% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new position in Curtiss-Wright in the third quarter worth about $591,000. Wells Fargo & Company MN increased its stake in shares of Curtiss-Wright by 22.8% during the third quarter. Wells Fargo & Company MN now owns 290,269 shares of the aerospace company’s stock valued at $30,345,000 after purchasing an additional 53,908 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Curtiss-Wright by 14.7% during the third quarter. Rhumbline Advisers now owns 102,415 shares of the aerospace company’s stock valued at $10,706,000 after purchasing an additional 13,127 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of Curtiss-Wright by 51.0% during the third quarter. Prudential Financial Inc. now owns 494,748 shares of the aerospace company’s stock valued at $51,721,000 after purchasing an additional 167,135 shares in the last quarter. Finally, State of Tennessee Treasury Department bought a new position in shares of Curtiss-Wright during the third quarter valued at approximately $2,614,000. 76.17% of the stock is owned by institutional investors.

Shares of Curtiss-Wright (NYSE:CW) traded down $1.41 during trading hours on Friday, reaching $130.94. 263,000 shares of the company traded hands, compared to its average volume of 221,250. Curtiss-Wright has a one year low of $82.77 and a one year high of $134.44. The stock has a market capitalization of $5,820.00, a price-to-earnings ratio of 26.94, a PEG ratio of 2.04 and a beta of 1.26. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.08 and a quick ratio of 1.48.

Curtiss-Wright (NYSE:CW) last announced its earnings results on Wednesday, October 25th. The aerospace company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.21. Curtiss-Wright had a net margin of 9.70% and a return on equity of 15.60%. The company had revenue of $567.90 million during the quarter, compared to analyst estimates of $539.28 million. During the same period in the previous year, the business earned $1.02 earnings per share. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. equities analysts predict that Curtiss-Wright will post 4.75 earnings per share for the current fiscal year.

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About Curtiss-Wright

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 (NYSE:CW)

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