StockNews.com Upgrades Curtiss-Wright (NYSE:CW) to “Strong-Buy”

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

Other equities analysts have also issued research reports about the company. Stifel Nicolaus upped their price target on Curtiss-Wright from $310.00 to $318.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Morgan Stanley upped their price target on Curtiss-Wright from $284.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, May 23rd. Robert W. Baird increased their target price on Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Finally, Truist Financial increased their target price on Curtiss-Wright from $252.00 to $270.00 and gave the stock a “hold” rating in a research note on Wednesday, May 22nd. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $307.50.

Curtiss-Wright Stock Down 4.1 %

Shares of CW opened at $302.76 on Monday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.42 and a current ratio of 2.05. Curtiss-Wright has a one year low of $190.64 and a one year high of $318.20. The stock has a market capitalization of $11.60 billion, a price-to-earnings ratio of 31.18 and a beta of 1.18. The stock has a 50 day moving average price of $287.70 and a 200 day moving average price of $269.30.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.43. The company had revenue of $785.00 million during the quarter, compared to analysts’ expectations of $735.82 million. Curtiss-Wright had a return on equity of 17.07% and a net margin of 13.05%. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.15 EPS. Equities research analysts forecast that Curtiss-Wright will post 10.55 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Glenda J. Minor sold 500 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $302.80, for a total transaction of $151,400.00. Following the transaction, the director now owns 1,382 shares in the company, valued at approximately $418,469.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have bought 120 shares of company stock worth $27,914 in the last quarter. 0.67% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Versant Capital Management Inc lifted its holdings in shares of Curtiss-Wright by 5,050.0% in the 2nd quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company’s stock valued at $28,000 after buying an additional 101 shares during the period. GPS Wealth Strategies Group LLC acquired a new stake in shares of Curtiss-Wright in the 2nd quarter valued at approximately $30,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Curtiss-Wright by 1,933.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company’s stock valued at $31,000 after buying an additional 116 shares during the period. Creekmur Asset Management LLC acquired a new stake in shares of Curtiss-Wright in the 4th quarter valued at approximately $32,000. Finally, Sachetta LLC acquired a new stake in shares of Curtiss-Wright in the 4th quarter valued at approximately $45,000. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

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.