Curtiss-Wright (NYSE:CW) Earns Buy Rating from Analysts at StockNews.com

Stock analysts at StockNews.com began coverage on shares of Curtiss-Wright (NYSE:CW – Get Rating) in a research report issued on Thursday. The brokerage set a “buy” rating on the aerospace company’s stock.

Several other analysts also recently issued reports on CW. Truist Financial lifted their target price on Curtiss-Wright from $183.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, February 23rd. Morgan Stanley downgraded Curtiss-Wright from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $187.00 to $188.00 in a research note on Monday, December 12th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and an average target price of $179.80.

Curtiss-Wright Stock Down 2.8 %

NYSE CW opened at $165.74 on Thursday. The stock’s 50-day moving average price is $169.22 and its 200-day moving average price is $163.72. The company has a quick ratio of 1.06, a current ratio of 1.56 and a debt-to-equity ratio of 0.53. Curtiss-Wright has a 52 week low of $124.37 and a 52 week high of $182.55. The company has a market capitalization of $6.34 billion, a P/E ratio of 21.78 and a beta of 1.24.

Curtiss-Wright (NYSE:CW – Get Rating) last posted its quarterly earnings data on Tuesday, February 21st. The aerospace company reported $2.92 EPS for the quarter, missing the consensus estimate of $3.02 by ($0.10). Curtiss-Wright had a return on equity of 16.56% and a net margin of 11.51%. The company had revenue of $758.00 million during the quarter, compared to the consensus estimate of $752.23 million. During the same period last year, the business earned $2.40 EPS. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. On average, equities research analysts predict that Curtiss-Wright will post 8.75 earnings per share for the current year.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, COO Kevin Rayment sold 1,751 shares of the firm’s stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of $169.38, for a total transaction of $296,584.38. Following the completion of the transaction, the chief operating officer now owns 15,154 shares in the company, valued at approximately $2,566,784.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Lynn M. Bamford sold 2,223 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of $169.42, for a total value of $376,620.66. Following the completion of the transaction, the chief executive officer now owns 17,356 shares in the company, valued at approximately $2,940,453.52. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Kevin Rayment sold 1,751 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of $169.38, for a total value of $296,584.38. Following the completion of the transaction, the chief operating officer now owns 15,154 shares of the company’s stock, valued at approximately $2,566,784.52. The disclosure for this sale can be found here. Insiders sold 6,061 shares of company stock worth $1,027,287 in the last quarter. 0.62% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Curtiss-Wright

A number of large investors have recently bought and sold shares of the business. MML Investors Services LLC boosted its holdings in Curtiss-Wright by 2.6% during the 3rd quarter. MML Investors Services LLC now owns 2,409 shares of the aerospace company’s stock valued at $335,000 after acquiring an additional 61 shares during the period. Pathstone Family Office LLC boosted its holdings in Curtiss-Wright by 2.6% during the 3rd quarter. Pathstone Family Office LLC now owns 2,505 shares of the aerospace company’s stock valued at $348,000 after acquiring an additional 63 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in Curtiss-Wright by 0.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 11,286 shares of the aerospace company’s stock valued at $1,885,000 after acquiring an additional 70 shares during the period. First Republic Investment Management Inc. raised its position in Curtiss-Wright by 1.2% during the 3rd quarter. First Republic Investment Management Inc. now owns 6,967 shares of the aerospace company’s stock valued at $969,000 after purchasing an additional 83 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its position in Curtiss-Wright by 0.3% during the 4th quarter. State of Alaska Department of Revenue now owns 31,405 shares of the aerospace company’s stock valued at $5,243,000 after purchasing an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 84.95% of the company’s stock.

About Curtiss-Wright

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Curtiss-Wright Corporation is a global integrated business that provides engineered products, solutions, and services mainly to the aerospace and defense markets, as well as critical technologies in demanding commercial power, process, and industrial markets. It operates through the following three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.