Curtiss-Wright (NYSE:CW) Raised to Buy at UBS Group

Curtiss-Wright (NYSE:CW) was upgraded by analysts at UBS Group from a “neutral” rating to a “buy” rating in a research note issued to investors on Wednesday, MarketBeat reports. The firm presently has a $165.00 target price on the aerospace company’s stock, up from their previous target price of $145.00. UBS Group’s price objective points to a potential upside of 13.77% from the company’s current price.

Several other equities research analysts have also weighed in on the company. ValuEngine lowered Curtiss-Wright from a “hold” rating to a “sell” rating in a research note on Friday, October 25th. Stifel Nicolaus set a $150.00 price objective on Curtiss-Wright and gave the stock a “buy” rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $145.80.

Shares of NYSE CW opened at $145.03 on Wednesday. The stock has a fifty day moving average price of $141.60 and a two-hundred day moving average price of $131.53. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.52 and a current ratio of 2.19. The firm has a market cap of $6.14 billion, a P/E ratio of 22.77, a PEG ratio of 2.28 and a beta of 1.17. Curtiss-Wright has a 1 year low of $106.05 and a 1 year high of $146.99.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Wednesday, October 30th. The aerospace company reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.12. The firm had revenue of $614.88 million during the quarter, compared to analyst estimates of $624.15 million. Curtiss-Wright had a return on equity of 18.83% and a net margin of 12.13%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period last year, the company posted $1.70 EPS. On average, research analysts predict that Curtiss-Wright will post 7.19 earnings per share for the current fiscal year.

In other news, VP Harry Jakubowitz sold 282 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $140.35, for a total value of $39,578.70. Following the completion of the sale, the vice president now owns 21,194 shares in the company, valued at $2,974,577.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Tom P. Quinly sold 7,500 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $139.75, for a total value of $1,048,125.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,444 shares of company stock valued at $3,694,814. Corporate insiders own 0.90% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CW. First Trust Advisors LP lifted its holdings in shares of Curtiss-Wright by 8.7% in the first quarter. First Trust Advisors LP now owns 37,579 shares of the aerospace company’s stock valued at $4,259,000 after purchasing an additional 3,011 shares in the last quarter. Schroder Investment Management Group lifted its holdings in shares of Curtiss-Wright by 52.4% in the second quarter. Schroder Investment Management Group now owns 164,550 shares of the aerospace company’s stock valued at $20,920,000 after purchasing an additional 56,600 shares in the last quarter. LPL Financial LLC purchased a new stake in shares of Curtiss-Wright in the second quarter valued at $233,000. Parametric Portfolio Associates LLC lifted its holdings in shares of Curtiss-Wright by 13.8% in the second quarter. Parametric Portfolio Associates LLC now owns 75,985 shares of the aerospace company’s stock valued at $9,660,000 after purchasing an additional 9,223 shares in the last quarter. Finally, AXA lifted its holdings in shares of Curtiss-Wright by 50.7% in the second quarter. AXA now owns 45,100 shares of the aerospace company’s stock valued at $5,734,000 after purchasing an additional 15,167 shares in the last quarter. Institutional investors own 76.92% of the company’s stock.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation, together with its subsidiaries, designs, manufactures, and overhauls precision components, and engineered products and services primarily to the aerospace, defense, general industrial, and power generation markets worldwide. The company operates through three segments: Commercial/Industrial, Defense, and Power.

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