Curtiss-Wright (CW) Lifted to Outperform at Wells Fargo & Co

Wells Fargo & Co upgraded shares of Curtiss-Wright (NYSE:CW) from a market perform rating to an outperform rating in a report released on Tuesday, Marketbeat.com reports. They currently have $120.00 price objective on the aerospace company’s stock.

A number of other brokerages have also recently issued reports on CW. Bank of America upgraded Curtiss-Wright from a neutral rating to a buy rating and set a $136.00 price objective for the company in a research note on Monday, October 30th. Stifel Nicolaus reiterated a hold rating and set a $117.00 price objective on shares of Curtiss-Wright in a research note on Tuesday, October 17th. Zacks Investment Research cut Curtiss-Wright from a buy rating to a hold rating in a research note on Tuesday, September 26th. SunTrust Banks reiterated a buy rating and set a $128.00 price objective on shares of Curtiss-Wright in a research note on Friday, October 20th. Finally, Seaport Global Securities restated a buy rating on shares of Curtiss-Wright in a research note on Friday, October 27th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $132.00.

Shares of Curtiss-Wright (NYSE CW) traded up $2.37 during trading hours on Tuesday, reaching $133.31. The company’s stock had a trading volume of 169,954 shares, compared to its average volume of 217,300. The stock has a market capitalization of $5,820.00, a PE ratio of 27.43, a price-to-earnings-growth ratio of 2.04 and a beta of 1.26. Curtiss-Wright has a 1-year low of $82.77 and a 1-year high of $134.44. The company has a quick ratio of 1.48, a current ratio of 2.08 and a debt-to-equity ratio of 0.55.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Wednesday, October 25th. The aerospace company reported $1.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.21. The business had revenue of $567.90 million during the quarter, compared to analysts’ expectations of $539.28 million. Curtiss-Wright had a return on equity of 15.60% and a net margin of 9.70%. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.02 earnings per share. sell-side analysts predict that Curtiss-Wright will post 4.75 EPS for the current fiscal year.

In other news, Director Albert E. Smith sold 1,700 shares of the business’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $122.35, for a total value of $207,995.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director John B. Nathman sold 1,300 shares of the business’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $117.28, for a total value of $152,464.00. Following the completion of the transaction, the director now owns 4,155 shares of the company’s stock, valued at approximately $487,298.40. The disclosure for this sale can be found here. Insiders sold 50,290 shares of company stock valued at $5,969,585 in the last 90 days. Company insiders own 1.10% of the company’s stock.

Several hedge funds have recently bought and sold shares of CW. Neuberger Berman Group LLC increased its position in Curtiss-Wright by 0.5% during the second quarter. Neuberger Berman Group LLC now owns 3,297 shares of the aerospace company’s stock valued at $303,000 after acquiring an additional 18 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Curtiss-Wright by 9.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,656 shares of the aerospace company’s stock valued at $152,000 after acquiring an additional 143 shares during the last quarter. Wells Fargo & Company MN increased its position in Curtiss-Wright by 0.9% during the second quarter. Wells Fargo & Company MN now owns 236,361 shares of the aerospace company’s stock valued at $21,694,000 after acquiring an additional 2,147 shares during the last quarter. Riverhead Capital Management LLC increased its position in Curtiss-Wright by 53.0% during the second quarter. Riverhead Capital Management LLC now owns 3,366 shares of the aerospace company’s stock valued at $309,000 after acquiring an additional 1,166 shares during the last quarter. Finally, Teachers Advisors LLC increased its position in Curtiss-Wright by 6.1% during the second quarter. Teachers Advisors LLC now owns 295,132 shares of the aerospace company’s stock valued at $27,087,000 after acquiring an additional 17,029 shares during the last quarter. Hedge funds and other institutional investors own 76.17% of the company’s stock.

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Curtiss-Wright Company Profile

Curtiss-Wright Corporation is a manufacturing and service company that designs, manufactures, and overhauls precision components and provides engineered products and services to the aerospace, defense, power generation and general industrial markets. The Company operates through three segments: Commercial/Industrial, Defense and Power.

Analyst Recommendations for Curtiss-Wright (NYSE:CW)

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