Curtiss-Wright (NYSE:CW) Upgraded to “Buy” at Wall Street Zen

Curtiss-Wright (NYSE:CW) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Several other analysts also recently commented on CW. Truist Financial set a $603.00 target price on shares of Curtiss-Wright in a research report on Friday. Stifel Nicolaus decreased their price objective on shares of Curtiss-Wright from $587.00 to $584.00 and set a “hold” rating for the company in a report on Tuesday, December 16th. Morgan Stanley reaffirmed an “overweight” rating and issued a $660.00 price target on shares of Curtiss-Wright in a research report on Tuesday, December 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a report on Monday, December 22nd. Finally, Citigroup began coverage on Curtiss-Wright in a research note on Thursday, December 11th. They issued a “neutral” rating and a $607.00 price objective on the stock. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $596.50.

Curtiss-Wright Stock Up 4.0%

CW stock opened at $606.08 on Friday. The company has a 50 day moving average of $560.87 and a two-hundred day moving average of $526.70. The company has a quick ratio of 1.17, a current ratio of 1.75 and a debt-to-equity ratio of 0.38. Curtiss-Wright has a 12-month low of $266.88 and a 12-month high of $612.28. The company has a market cap of $22.35 billion, a price-to-earnings ratio of 49.40, a PEG ratio of 2.65 and a beta of 0.95.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Thursday, November 6th. The aerospace company reported $3.40 earnings per share for the quarter, topping the consensus estimate of $3.28 by $0.12. The company had revenue of $869.00 million for the quarter, compared to analyst estimates of $869.03 million. Curtiss-Wright had a return on equity of 18.82% and a net margin of 13.78%.The business’s revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.89 EPS. On average, equities analysts anticipate that Curtiss-Wright will post 12.32 earnings per share for the current fiscal year.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, EVP John C. Watts sold 288 shares of the company’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $600.00, for a total value of $172,800.00. Following the completion of the transaction, the executive vice president owned 3,188 shares of the company’s stock, valued at $1,912,800. This represents a 8.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 513 shares of company stock valued at $302,586 in the last three months. 0.55% of the stock is currently owned by company insiders.

Institutional Trading of Curtiss-Wright

A number of institutional investors and hedge funds have recently modified their holdings of CW. SG Americas Securities LLC lifted its position in Curtiss-Wright by 738.8% in the fourth quarter. SG Americas Securities LLC now owns 26,003 shares of the aerospace company’s stock worth $14,335,000 after purchasing an additional 22,903 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Curtiss-Wright by 2,573.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 40,923 shares of the aerospace company’s stock worth $22,560,000 after acquiring an additional 39,392 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of Curtiss-Wright by 16.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,667 shares of the aerospace company’s stock valued at $8,115,000 after acquiring an additional 1,965 shares in the last quarter. NorthCrest Asset Manangement LLC increased its stake in Curtiss-Wright by 99.7% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 1,232 shares of the aerospace company’s stock valued at $723,000 after acquiring an additional 615 shares during the period. Finally, Grove Bank & Trust bought a new stake in Curtiss-Wright in the fourth quarter valued at about $1,104,000. 82.71% of the stock is currently owned by institutional investors.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.