Curtiss-Wright (NYSE:CW) Downgraded by StockNews.com

Curtiss-Wright (NYSE:CW) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday.

CW has been the subject of several other research reports. Robert W. Baird increased their price objective on shares of Curtiss-Wright from $246.00 to $300.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Truist Financial restated a “hold” rating and set a $240.00 target price (down previously from $250.00) on shares of Curtiss-Wright in a report on Monday, March 25th. Finally, Stifel Nicolaus increased their target price on shares of Curtiss-Wright from $255.00 to $272.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Curtiss-Wright currently has an average rating of “Moderate Buy” and an average price target of $260.25.

Curtiss-Wright Stock Up 0.2 %

Shares of NYSE:CW opened at $254.01 on Friday. Curtiss-Wright has a 52 week low of $157.72 and a 52 week high of $261.46. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.50 and a current ratio of 2.13. The company has a market capitalization of $9.72 billion, a PE ratio of 27.61 and a beta of 1.18. The company has a 50 day moving average price of $246.71 and a two-hundred day moving average price of $226.59.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Thursday, February 15th. The aerospace company reported $3.16 EPS for the quarter, beating the consensus estimate of $2.92 by $0.24. Curtiss-Wright had a net margin of 12.46% and a return on equity of 16.61%. The firm had revenue of $785.79 million during the quarter, compared to the consensus estimate of $737.09 million. During the same quarter in the prior year, the firm earned $2.92 earnings per share. The business’s quarterly revenue was up 3.7% on a year-over-year basis. Analysts forecast that Curtiss-Wright will post 10.16 earnings per share for the current year.

Insider Buying and Selling

In related news, VP Paul J. Ferdenzi sold 2,500 shares of the firm’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $250.00, for a total transaction of $625,000.00. Following the transaction, the vice president now directly owns 15,942 shares of the company’s stock, valued at $3,985,500. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Curtiss-Wright news, VP Paul J. Ferdenzi sold 2,500 shares of the firm’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $250.00, for a total value of $625,000.00. Following the transaction, the vice president now directly owns 15,942 shares of the company’s stock, valued at approximately $3,985,500. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Lynn M. Bamford sold 2,620 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $243.60, for a total transaction of $638,232.00. Following the completion of the transaction, the chief executive officer now directly owns 35,773 shares in the company, valued at $8,714,302.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,451 shares of company stock valued at $3,030,512. 0.67% of the stock is owned by company insiders.

Institutional Investors Weigh In On Curtiss-Wright

A number of hedge funds have recently made changes to their positions in the stock. Contravisory Investment Management Inc. acquired a new stake in Curtiss-Wright during the 4th quarter worth approximately $25,000. First Horizon Advisors Inc. boosted its position in Curtiss-Wright by 1,100.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 144 shares of the aerospace company’s stock worth $28,000 after buying an additional 132 shares during the period. Montag A & Associates Inc. boosted its position in Curtiss-Wright by 67.0% during the 3rd quarter. Montag A & Associates Inc. now owns 152 shares of the aerospace company’s stock worth $30,000 after buying an additional 61 shares during the period. FSC Wealth Advisors LLC acquired a new stake in Curtiss-Wright during the 3rd quarter worth approximately $32,000. Finally, Creekmur Asset Management LLC acquired a new stake in Curtiss-Wright during the 4th quarter worth approximately $32,000. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.