Curtiss-Wright (NYSE:CW) Cut to Hold at Wall Street Zen

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

CW has been the subject of a number of other reports. Stifel Nicolaus raised their target price on shares of Curtiss-Wright from $457.00 to $502.00 and gave the company a “hold” rating in a report on Monday, October 20th. Truist Financial raised their price target on shares of Curtiss-Wright from $525.00 to $537.00 and gave the stock a “hold” rating in a research note on Friday, November 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Curtiss-Wright in a research report on Monday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $625.00 price objective on shares of Curtiss-Wright in a research note on Wednesday, October 8th. Finally, Morgan Stanley lifted their target price on Curtiss-Wright from $565.00 to $645.00 and gave the company an “overweight” rating in a research note on Monday, November 10th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $569.33.

Curtiss-Wright Trading Down 4.3%

Shares of CW stock opened at $544.83 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.17 and a current ratio of 1.75. Curtiss-Wright has a 52-week low of $266.88 and a 52-week high of $612.28. The stock has a fifty day simple moving average of $559.71 and a two-hundred day simple moving average of $511.82. The firm has a market capitalization of $20.09 billion, a PE ratio of 44.40, a PEG ratio of 2.99 and a beta of 0.93.

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

Hedge Funds Weigh In On Curtiss-Wright

Several institutional investors and hedge funds have recently modified their holdings of the stock. Tudor Investment Corp ET AL raised its position in Curtiss-Wright by 100.3% during the third quarter. Tudor Investment Corp ET AL now owns 89,823 shares of the aerospace company’s stock valued at $48,768,000 after acquiring an additional 44,977 shares in the last quarter. Allworth Financial LP grew its stake in shares of Curtiss-Wright by 162.7% during the 3rd quarter. Allworth Financial LP now owns 289 shares of the aerospace company’s stock worth $157,000 after purchasing an additional 179 shares during the period. IFP Advisors Inc lifted its stake in shares of Curtiss-Wright by 3.5% in the 3rd quarter. IFP Advisors Inc now owns 683 shares of the aerospace company’s stock valued at $372,000 after purchasing an additional 23 shares during the period. Swiss Life Asset Management Ltd lifted its stake in shares of Curtiss-Wright by 78.9% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 1,750 shares of the aerospace company’s stock valued at $950,000 after purchasing an additional 772 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Curtiss-Wright by 3.9% during the third quarter. JPMorgan Chase & Co. now owns 185,218 shares of the aerospace company’s stock worth $100,567,000 after buying an additional 7,022 shares in the last quarter. Institutional investors and hedge funds 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.