Curtiss-Wright Corporation (NYSE:CW) Receives Average Recommendation of “Hold” from Analysts

Curtiss-Wright Corporation (NYSE:CWGet Free Report) has been given an average recommendation of “Hold” by the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $765.7143.

Several research firms have weighed in on CW. Deutsche Bank Aktiengesellschaft set a $801.00 price objective on shares of Curtiss-Wright in a research report on Wednesday, August 12th. Wall Street Zen cut Curtiss-Wright from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Robert W. Baird set a $870.00 price target on Curtiss-Wright in a report on Friday, May 8th. Citigroup upped their price target on Curtiss-Wright from $775.00 to $793.00 and gave the company a “neutral” rating in a research report on Wednesday, July 1st. Finally, Morgan Stanley restated an “overweight” rating and set a $860.00 price objective on shares of Curtiss-Wright in a research report on Wednesday, July 15th.

Check Out Our Latest Analysis on CW

Curtiss-Wright Price Performance

CW stock opened at $566.59 on Friday. Curtiss-Wright has a one year low of $465.51 and a one year high of $808.16. The firm has a 50-day moving average of $702.43 and a two-hundred day moving average of $712.56. The firm has a market capitalization of $20.92 billion, a PE ratio of 38.99, a P/E/G ratio of 2.53 and a beta of 0.84. The company has a current ratio of 1.60, a quick ratio of 1.12 and a debt-to-equity ratio of 0.27.

Curtiss-Wright (NYSE:CWGet Free Report) last released its earnings results on Thursday, August 6th. The aerospace company reported $3.72 earnings per share for the quarter, topping the consensus estimate of $3.62 by $0.10. The business had revenue of $924.01 million for the quarter, compared to the consensus estimate of $926.17 million. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the firm posted $3.23 earnings per share. On average, analysts forecast that Curtiss-Wright will post 15.28 earnings per share for the current year.

Insider Activity at Curtiss-Wright

In related news, VP Gary Ogilby sold 399 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $721.95, for a total transaction of $288,058.05. Following the transaction, the vice president directly owned 2,172 shares of the company’s stock, valued at approximately $1,568,075.40. The trade was a 15.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Watts sold 1,035 shares of Curtiss-Wright stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $619.46, for a total transaction of $641,141.10. Following the sale, the executive vice president directly owned 2,736 shares of the company’s stock, valued at $1,694,842.56. This trade represents a 27.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 4,034 shares of company stock valued at $2,793,173. 0.51% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System lifted its holdings in shares of Curtiss-Wright by 96,633.6% during the 2nd quarter. California State Teachers Retirement System now owns 40,844,780 shares of the aerospace company’s stock valued at $30,950,540,000 after buying an additional 40,802,556 shares during the last quarter. BlackRock Inc. acquired a new position in Curtiss-Wright in the second quarter worth approximately $3,448,649,000. Norges Bank bought a new position in Curtiss-Wright during the fourth quarter valued at approximately $290,633,000. Primecap Management Co. CA bought a new position in Curtiss-Wright during the second quarter valued at approximately $390,106,000. Finally, Corient Private Wealth LLC lifted its stake in Curtiss-Wright by 6,169.8% in the fourth quarter. Corient Private Wealth LLC now owns 406,531 shares of the aerospace company’s stock valued at $224,108,000 after acquiring an additional 400,047 shares during the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

About Curtiss-Wright

(Get Free Report)

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.

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Analyst Recommendations for Curtiss-Wright (NYSE:CW)

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