Curtiss-Wright (CW) Stock Rating Upgraded by Zacks Investment Research

Curtiss-Wright (NYSE:CW) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday. The brokerage presently has a $136.00 target price on the aerospace company’s stock. Zacks Investment Research‘s price target points to a potential upside of 14.97% from the company’s current price.

According to Zacks, “Curtiss-Wright Corporation ( CW ) 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. The Commercial/Industrial segment’s products include electronic throttle control devices and transmission shifters, electro-mechanical actuation control components, valves, and surface technology services. The Defense segment’s products include commercial off-the-shelf (COTS) embedded computing board level modules, turret aiming and stabilization products, weapons handling systems, avionics and electronics, flight test equipment, and aircraft data management solutions. The Power segment’s products include a range of hardware, pumps, valves, fastening systems, specialized containment doors, airlock hatches and spent fuel management products. “

A number of other brokerages have also recently commented on CW. Stifel Nicolaus boosted their price objective on Curtiss-Wright from $126.00 to $139.00 and gave the stock a “hold” rating in a research note on Tuesday, January 16th. Wells Fargo & Co upgraded shares of Curtiss-Wright from a “market perform” rating to an “outperform” rating and set a $120.00 target price for the company in a research note on Tuesday, January 16th. Robert W. Baird initiated coverage on shares of Curtiss-Wright in a research note on Tuesday, December 5th. They issued an “outperform” rating and a $149.00 target price for the company. Seaport Global Securities reiterated a “buy” rating on shares of Curtiss-Wright in a research note on Friday, October 27th. Finally, Bank of America upgraded shares of Curtiss-Wright from a “neutral” rating to a “buy” rating and set a $136.00 target price for the company in a research note on Monday, October 30th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $133.29.

Shares of Curtiss-Wright (CW) traded up $1.73 during midday trading on Thursday, reaching $118.29. The company’s stock had a trading volume of 229,839 shares, compared to its average volume of 211,290. The company has a current ratio of 2.08, a quick ratio of 1.48 and a debt-to-equity ratio of 0.55. Curtiss-Wright has a 12 month low of $82.77 and a 12 month high of $134.44. The stock has a market cap of $5,220.02, a P/E ratio of 24.54, a price-to-earnings-growth ratio of 1.78 and a beta of 1.24.

In other Curtiss-Wright news, Director S Marce Fuller sold 1,300 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $130.66, for a total transaction of $169,858.00. Following the completion of the transaction, the director now owns 14,234 shares in the company, valued at $1,859,814.44. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Albert E. Smith sold 1,700 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $122.35, for a total transaction of $207,995.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,623 shares of company stock valued at $2,710,865. 1.10% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in CW. New York State Common Retirement Fund grew its stake in Curtiss-Wright by 3.3% in the 2nd quarter. New York State Common Retirement Fund now owns 47,600 shares of the aerospace company’s stock valued at $4,369,000 after buying an additional 1,499 shares during the last quarter. Parametric Portfolio Associates LLC increased its holdings in shares of Curtiss-Wright by 8.5% during the second quarter. Parametric Portfolio Associates LLC now owns 92,077 shares of the aerospace company’s stock valued at $8,451,000 after acquiring an additional 7,222 shares in the last quarter. Stifel Financial Corp increased its holdings in shares of Curtiss-Wright by 90.7% during the second quarter. Stifel Financial Corp now owns 5,812 shares of the aerospace company’s stock valued at $534,000 after acquiring an additional 2,765 shares in the last quarter. Shelton Capital Management acquired a new position in shares of Curtiss-Wright during the second quarter valued at about $289,000. Finally, State Street Corp increased its holdings in Curtiss-Wright by 5.8% in the 2nd quarter. State Street Corp now owns 1,776,207 shares of the aerospace company’s stock worth $163,017,000 after buying an additional 97,137 shares during the period. Hedge funds and other institutional investors own 76.98% of the company’s stock.

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Curtiss-Wright 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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