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

Curtiss-Wright (NYSE:CW) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Friday.

Several other research firms have also recently issued reports on CW. Robert W. Baird raised 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. 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 research note on Wednesday. Finally, Truist Financial reaffirmed a “hold” rating and set a $240.00 target price (down previously from $250.00) on shares of Curtiss-Wright in a research note on Monday, March 25th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $260.25.

Curtiss-Wright Trading Up 0.7 %

Curtiss-Wright stock traded up $1.71 during midday trading on Friday, hitting $250.24. 133,247 shares of the stock were exchanged, compared to its average volume of 187,345. Curtiss-Wright has a fifty-two week low of $157.72 and a fifty-two week high of $261.46. The stock has a market capitalization of $9.58 billion, a price-to-earnings ratio of 27.20 and a beta of 1.18. The stock’s 50-day simple moving average is $244.66 and its 200 day simple moving average is $224.57. The company has a current ratio of 2.13, a quick ratio of 1.50 and a debt-to-equity ratio of 0.45.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Thursday, February 15th. The aerospace company reported $3.16 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $737.09 million. During the same period last year, the business earned $2.92 earnings per share. Curtiss-Wright’s revenue was up 3.7% compared to the same quarter last year. On average, equities analysts anticipate that Curtiss-Wright will post 10.16 EPS for the current year.

Insiders Place Their Bets

In other news, VP Paul J. Ferdenzi sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $240.00, for a total value of $600,000.00. Following the completion of the transaction, the vice president now owns 17,383 shares of the company’s stock, valued at $4,171,920. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Lynn M. Bamford sold 2,620 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $243.60, for a total value of $638,232.00. Following the completion of the transaction, the chief executive officer now owns 35,773 shares of the company’s stock, valued at $8,714,302.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Paul J. Ferdenzi sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were 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 approximately $4,171,920. The disclosure for this sale can be found here. Insiders sold a total of 12,451 shares of company stock valued at $3,030,512 over the last 90 days. 0.67% of the stock is owned by company insiders.

Institutional Trading of Curtiss-Wright

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in Curtiss-Wright by 18.8% in the first quarter. BlackRock Inc. now owns 4,300,543 shares of the aerospace company’s stock valued at $645,770,000 after acquiring an additional 680,850 shares in the last quarter. Vanguard Group Inc. raised its holdings in Curtiss-Wright by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 3,638,915 shares of the aerospace company’s stock valued at $810,714,000 after acquiring an additional 46,954 shares in the last quarter. State Street Corp raised its holdings in Curtiss-Wright by 10.4% in the first quarter. State Street Corp now owns 1,500,162 shares of the aerospace company’s stock valued at $225,531,000 after acquiring an additional 141,697 shares in the last quarter. Invesco Ltd. raised its holdings in Curtiss-Wright by 0.7% in the third quarter. Invesco Ltd. now owns 1,307,585 shares of the aerospace company’s stock valued at $255,803,000 after acquiring an additional 8,470 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC acquired a new stake in Curtiss-Wright in the fourth quarter valued at approximately $212,009,000. 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.