Curtiss-Wright (NYSE:CW) Rating Lowered to Buy at StockNews.com

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

A number of other research analysts also recently commented on CW. Stifel Nicolaus upped their price objective on shares of Curtiss-Wright from $196.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, April 17th. Truist Financial increased their price target on shares of Curtiss-Wright from $183.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, February 23rd. Finally, William Blair started coverage on shares of Curtiss-Wright in a research note on Friday, May 19th. They set an “outperform” rating for the company. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and a consensus target price of $186.80.

Curtiss-Wright Stock Performance

Shares of CW opened at $159.35 on Friday. The company’s 50 day simple moving average is $169.63 and its 200-day simple moving average is $169.96. Curtiss-Wright has a 12-month low of $124.37 and a 12-month high of $182.55. The firm has a market cap of $6.11 billion, a PE ratio of 19.82 and a beta of 1.24. The company has a current ratio of 2.15, a quick ratio of 1.37 and a debt-to-equity ratio of 0.60.

Curtiss-Wright (NYSE:CW – Get Rating) last issued its quarterly earnings results on Wednesday, May 3rd. The aerospace company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.12. Curtiss-Wright had a return on equity of 16.54% and a net margin of 11.81%. The firm had revenue of $631.00 million for the quarter, compared to analysts’ expectations of $585.49 million. During the same quarter in the previous year, the firm posted $1.31 EPS. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. As a group, equities analysts predict that Curtiss-Wright will post 8.82 EPS for the current year.

Insider Activity

In other news, COO Kevin Rayment sold 1,055 shares of Curtiss-Wright stock in a transaction that occurred on Tuesday, March 21st. The stock was sold at an average price of $171.00, for a total value of $180,405.00. Following the completion of the transaction, the chief operating officer now owns 16,849 shares in the company, valued at approximately $2,881,179. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, COO Kevin Rayment sold 1,055 shares of the firm’s stock in a transaction dated Tuesday, March 21st. The shares were sold at an average price of $171.00, for a total value of $180,405.00. Following the transaction, the chief operating officer now directly owns 16,849 shares in the company, valued at approximately $2,881,179. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Lynn M. Bamford sold 1,337 shares of the business’s stock in a transaction dated Tuesday, March 21st. The shares were sold at an average price of $171.10, for a total transaction of $228,760.70. Following the sale, the chief executive officer now directly owns 18,998 shares of the company’s stock, valued at approximately $3,250,557.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,595 shares of company stock worth $444,305. 0.67% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Curtiss-Wright

Several institutional investors have recently modified their holdings of CW. Ameriprise Financial Inc. raised its stake in Curtiss-Wright by 17.7% during the 1st quarter. Ameriprise Financial Inc. now owns 763,131 shares of the aerospace company’s stock valued at $134,511,000 after acquiring an additional 114,538 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Curtiss-Wright by 22.6% during the first quarter. JPMorgan Chase & Co. now owns 86,612 shares of the aerospace company’s stock valued at $15,267,000 after purchasing an additional 15,946 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in Curtiss-Wright by 2.2% in the first quarter. Rockefeller Capital Management L.P. now owns 10,493 shares of the aerospace company’s stock worth $1,849,000 after purchasing an additional 229 shares during the period. Hancock Whitney Corp grew its position in Curtiss-Wright by 334.1% in the 1st quarter. Hancock Whitney Corp now owns 11,213 shares of the aerospace company’s stock valued at $1,976,000 after buying an additional 8,630 shares in the last quarter. Finally, State Street Corp increased its stake in Curtiss-Wright by 3.6% during the 1st quarter. State Street Corp now owns 1,430,353 shares of the aerospace company’s stock valued at $252,384,000 after buying an additional 50,200 shares during the period. Institutional investors own 84.95% of the company’s stock.

About Curtiss-Wright

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Curtiss-Wright Corp. is a global integrated business that provides engineered products, solutions, and services mainly to the aerospace and defense markets, as well as critical technologies in demanding commercial power, process, and industrial markets. It operates through the following three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.