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

Curtiss-Wright (NYSE:CW) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Several other equities research analysts also recently issued reports on CW. Truist Financial reaffirmed a “hold” rating and issued a $240.00 price target (down from $250.00) on shares of Curtiss-Wright in a research report on Monday, March 25th. Stifel Nicolaus raised their price target on Curtiss-Wright from $255.00 to $272.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Finally, Robert W. Baird raised their price target on Curtiss-Wright from $246.00 to $300.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $260.25.

Curtiss-Wright Price Performance

Shares of NYSE:CW opened at $254.01 on Friday. Curtiss-Wright has a 1 year low of $157.72 and a 1 year high of $261.46. The business has a fifty day simple moving average of $246.71 and a 200 day simple moving average of $226.90. The company has a current ratio of 2.13, a quick ratio of 1.50 and a debt-to-equity ratio of 0.45. The firm has a market cap of $9.72 billion, a price-to-earnings ratio of 27.61 and a beta of 1.18.

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

Insider Activity at Curtiss-Wright

In related news, VP Paul J. Ferdenzi sold 2,500 shares of Curtiss-Wright stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $240.00, for a total value of $600,000.00. Following the completion of the transaction, the vice president now directly owns 17,383 shares of the company’s stock, valued at $4,171,920. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Curtiss-Wright news, COO Kevin Rayment sold 1,070 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $243.50, for a total value of $260,545.00. Following the transaction, the chief operating officer now directly owns 28,329 shares in the company, valued at approximately $6,898,111.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Paul J. Ferdenzi sold 2,500 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $240.00, for a total value of $600,000.00. Following the sale, the vice president now owns 17,383 shares of the company’s stock, valued at approximately $4,171,920. The disclosure for this sale can be found here. Insiders sold 12,451 shares of company stock valued at $3,030,512 in the last three months. Corporate insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CW. Venturi Wealth Management LLC increased its holdings in shares of Curtiss-Wright by 53.6% in the fourth quarter. Venturi Wealth Management LLC now owns 149 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 52 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Curtiss-Wright by 18.4% in the third quarter. Signaturefd LLC now owns 366 shares of the aerospace company’s stock worth $72,000 after acquiring an additional 57 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Curtiss-Wright by 0.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,411 shares of the aerospace company’s stock worth $1,450,000 after acquiring an additional 59 shares in the last quarter. Montag A & Associates Inc. increased its holdings in shares of Curtiss-Wright by 67.0% in the third quarter. Montag A & Associates Inc. now owns 152 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 61 shares in the last quarter. Finally, Alliance Wealth Advisors LLC UT increased its holdings in shares of Curtiss-Wright by 2.5% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 2,495 shares of the aerospace company’s stock worth $556,000 after acquiring an additional 61 shares in the last quarter. 82.71% of the stock is currently owned by institutional investors.

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.