Curtiss-Wright (NYSE:CW) Raised to Strong-Buy at StockNews.com

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

Several other analysts also recently weighed in on CW. Truist Financial increased their target price on Curtiss-Wright from $240.00 to $252.00 and gave the company a “hold” rating in a research note on Friday. Robert W. Baird increased their price objective on Curtiss-Wright from $246.00 to $300.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. Stifel Nicolaus boosted their target price on shares of Curtiss-Wright from $255.00 to $272.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Finally, Morgan Stanley upped their target price on shares of Curtiss-Wright from $260.00 to $284.00 and gave the company an “overweight” rating in a research note on Friday. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $277.00.

Curtiss-Wright Price Performance

Shares of Curtiss-Wright stock opened at $268.17 on Friday. The company has a current ratio of 2.02, a quick ratio of 1.50 and a debt-to-equity ratio of 0.40. The firm has a fifty day simple moving average of $248.98 and a 200-day simple moving average of $228.49. The stock has a market capitalization of $10.27 billion, a price-to-earnings ratio of 27.62 and a beta of 1.18. Curtiss-Wright has a 1-year low of $157.72 and a 1-year high of $269.00.

Curtiss-Wright (NYSE:CW) last released its earnings results on Wednesday, May 1st. The aerospace company reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.24. The firm had revenue of $713.17 million during the quarter, compared to analyst estimates of $664.01 million. Curtiss-Wright had a net margin of 12.78% and a return on equity of 16.79%. The business’s revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.53 EPS. On average, sell-side analysts expect that Curtiss-Wright will post 10.17 earnings per share for the current year.

Insider Buying and Selling at Curtiss-Wright

In other news, CFO K Christopher Farkas sold 2,736 shares of Curtiss-Wright stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $240.16, for a total transaction of $657,077.76. Following the sale, the chief financial officer now directly owns 9,172 shares in the company, valued at approximately $2,202,747.52. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Curtiss-Wright news, VP Paul J. Ferdenzi sold 2,500 shares of Curtiss-Wright stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $240.00, for a total transaction of $600,000.00. Following the completion of the transaction, the vice president now directly owns 17,383 shares of the company’s stock, valued at $4,171,920. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO K Christopher Farkas sold 2,736 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $240.16, for a total transaction of $657,077.76. Following the sale, the chief financial officer now owns 9,172 shares of the company’s stock, valued at approximately $2,202,747.52. The disclosure for this sale can be found here. Insiders have sold 12,451 shares of company stock valued at $3,030,512 in the last 90 days. 0.67% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Commonwealth Equity Services LLC boosted its stake in Curtiss-Wright by 13.2% in the third quarter. Commonwealth Equity Services LLC now owns 15,716 shares of the aerospace company’s stock worth $3,075,000 after purchasing an additional 1,836 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Curtiss-Wright by 10.1% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 6,158 shares of the aerospace company’s stock worth $1,205,000 after buying an additional 566 shares in the last quarter. Raymond James & Associates grew its holdings in Curtiss-Wright by 14.6% during the 3rd quarter. Raymond James & Associates now owns 44,434 shares of the aerospace company’s stock worth $8,693,000 after acquiring an additional 5,669 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Curtiss-Wright by 0.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,411 shares of the aerospace company’s stock valued at $1,450,000 after acquiring an additional 59 shares in the last quarter. Finally, Mackenzie Financial Corp raised its stake in shares of Curtiss-Wright by 18.1% in the third quarter. Mackenzie Financial Corp now owns 2,706 shares of the aerospace company’s stock worth $522,000 after acquiring an additional 414 shares during the last quarter. Institutional investors own 82.71% of the company’s stock.

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.