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 note issued to investors on Friday.

CW has been the subject of a number of other reports. Stifel Nicolaus lifted their price objective on shares of Curtiss-Wright from $255.00 to $272.00 and gave the stock a “buy” rating in a research note on Wednesday. Robert W. Baird lifted their price objective on shares of Curtiss-Wright from $246.00 to $300.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. Finally, Truist Financial reissued a “hold” rating and issued a $240.00 price objective (down from $250.00) on shares of Curtiss-Wright in a research note on Monday, March 25th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $260.25.

Curtiss-Wright Price Performance

NYSE CW traded up $1.71 on Friday, reaching $250.24. The company had a trading volume of 133,247 shares, compared to its average volume of 187,345. The company has a quick ratio of 1.50, a current ratio of 2.13 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $9.58 billion, a PE ratio of 27.20 and a beta of 1.18. The firm’s 50 day moving average price is $244.66 and its 200 day moving average price is $224.57. Curtiss-Wright has a 12 month low of $157.72 and a 12 month high of $261.46.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Thursday, February 15th. The aerospace company reported $3.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.92 by $0.24. The company had revenue of $785.79 million for the quarter, compared to the consensus estimate of $737.09 million. Curtiss-Wright had a net margin of 12.46% and a return on equity of 16.61%. Curtiss-Wright’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.92 EPS. As a group, equities analysts predict that Curtiss-Wright will post 10.16 earnings per share for the current year.

Insider Buying and Selling

In related news, VP Paul J. Ferdenzi sold 2,500 shares of Curtiss-Wright stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $250.00, for a total transaction of $625,000.00. Following the completion of the transaction, the vice president now directly owns 15,942 shares of the company’s stock, valued at approximately $3,985,500. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, VP Paul J. Ferdenzi sold 2,500 shares of Curtiss-Wright stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $250.00, for a total transaction of $625,000.00. Following the completion of the sale, the vice president now owns 15,942 shares in the company, valued at approximately $3,985,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO K Christopher Farkas sold 925 shares of Curtiss-Wright stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $243.55, for a total transaction of $225,283.75. Following the sale, the chief financial officer now owns 10,052 shares of the company’s stock, valued at approximately $2,448,164.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,451 shares of company stock valued at $3,030,512. Company insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On Curtiss-Wright

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CW. Contravisory Investment Management Inc. bought a new stake in shares of Curtiss-Wright in the 4th quarter valued at about $25,000. Creekmur Asset Management LLC bought a new stake in shares of Curtiss-Wright in the 4th quarter valued at about $32,000. First Horizon Advisors Inc. raised its holdings in shares of Curtiss-Wright by 1,100.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 144 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 132 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Curtiss-Wright by 53.6% in the 4th quarter. Venturi Wealth Management LLC now owns 149 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 52 shares in the last quarter. Finally, Montag A & Associates Inc. raised its holdings in shares of Curtiss-Wright by 67.0% in the 3rd quarter. Montag A & Associates Inc. now owns 152 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 61 shares in the last quarter. Institutional investors own 82.71% of the company’s stock.

About Curtiss-Wright

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.