StockNews.com Lowers Curtiss-Wright (NYSE:CW) to Buy

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

A number of other analysts have also recently issued reports on the company. Robert W. Baird raised their price objective on Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Stifel Nicolaus raised their price objective on Curtiss-Wright from $310.00 to $318.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $307.50.

Curtiss-Wright Stock Down 1.6 %

NYSE:CW opened at $327.05 on Monday. The stock has a 50-day simple moving average of $298.21 and a 200 day simple moving average of $276.90. Curtiss-Wright has a 52-week low of $190.64 and a 52-week high of $333.73. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.42 and a current ratio of 2.05. The company has a market cap of $12.53 billion, a PE ratio of 33.68 and a beta of 1.18.

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

Insider Buying and Selling

In related news, Director Glenda J. Minor sold 500 shares of Curtiss-Wright 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 completion of the sale, the director now directly owns 1,382 shares of the company’s stock, valued at approximately $418,469.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders bought 120 shares of company stock valued at $27,914. Insiders own 0.67% of the company’s stock.

Institutional Trading of Curtiss-Wright

Hedge funds have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its stake in Curtiss-Wright by 14.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 2,297 shares of the aerospace company’s stock worth $512,000 after acquiring an additional 288 shares during the period. Assetmark Inc. increased its stake in Curtiss-Wright by 49.3% during the 4th quarter. Assetmark Inc. now owns 3,428 shares of the aerospace company’s stock worth $764,000 after acquiring an additional 1,132 shares during the period. Franklin Resources Inc. increased its stake in Curtiss-Wright by 60.6% during the 4th quarter. Franklin Resources Inc. now owns 31,214 shares of the aerospace company’s stock worth $6,954,000 after acquiring an additional 11,773 shares during the period. US Bancorp DE increased its stake in Curtiss-Wright by 4.9% during the 4th quarter. US Bancorp DE now owns 5,406 shares of the aerospace company’s stock worth $1,204,000 after acquiring an additional 253 shares during the period. Finally, Congress Wealth Management LLC DE increased its stake in Curtiss-Wright by 14.0% during the 4th quarter. Congress Wealth Management LLC DE now owns 12,552 shares of the aerospace company’s stock worth $2,797,000 after acquiring an additional 1,546 shares during the period. 82.71% of the stock is owned by institutional investors and hedge funds.

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.