Curtiss-Wright (NYSE:CW) Upgraded at Guggenheim

Guggenheim upgraded shares of Curtiss-Wright (NYSE:CW) to a strong-buy rating in a research report released on Monday,Zacks reports.

Several other analysts have also recently commented on the company. Morgan Stanley reissued an “overweight” rating and issued a $860.00 price target on shares of Curtiss-Wright in a report on Wednesday, July 15th. Wall Street Zen cut Curtiss-Wright from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Weiss Ratings lowered shares of Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 4th. Stifel Nicolaus increased their price target on shares of Curtiss-Wright from $724.00 to $768.00 and gave the company a “hold” rating in a report on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft set a $801.00 price objective on shares of Curtiss-Wright in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $768.25.

Curtiss-Wright Stock Up 1.4%

CW stock opened at $570.76 on Monday. Curtiss-Wright has a one year low of $490.66 and a one year high of $808.16. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.12 and a current ratio of 1.60. The company has a fifty day moving average of $667.17 and a 200-day moving average of $704.02. The stock has a market capitalization of $21.08 billion, a PE ratio of 39.28, a price-to-earnings-growth ratio of 2.54 and a beta of 0.84.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Thursday, August 6th. The aerospace company reported $3.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.62 by $0.10. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. The firm had revenue of $924.01 million during the quarter, compared to analysts’ expectations of $926.17 million. During the same period in the prior year, the company posted $3.23 earnings per share. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, analysts expect that Curtiss-Wright will post 15.27 EPS for the current year.

Curtiss-Wright Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 25th will be given a dividend of $0.26 per share. The ex-dividend date is Friday, September 25th. This is a positive change from Curtiss-Wright’s previous quarterly dividend of $0.24. This represents a $1.04 dividend on an annualized basis and a yield of 0.2%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.16%.

Insider Buying and Selling at Curtiss-Wright

In other news, EVP John Watts sold 1,035 shares of the firm’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $619.46, for a total value of $641,141.10. Following the completion of the transaction, the executive vice president owned 2,736 shares in the company, valued at $1,694,842.56. This trade represents a 27.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Larry D. Wyche sold 100 shares of Curtiss-Wright stock in a transaction on Friday, August 28th. The stock was sold at an average price of $596.74, for a total value of $59,674.00. Following the transaction, the director directly owned 1,414 shares of the company’s stock, valued at $843,790.36. This trade represents a 6.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.51% of the stock is currently owned by corporate insiders.

Institutional Trading of Curtiss-Wright

Several institutional investors and hedge funds have recently modified their holdings of the business. Sequoia Financial Advisors LLC lifted its holdings in shares of Curtiss-Wright by 13.7% in the second quarter. Sequoia Financial Advisors LLC now owns 13,097 shares of the aerospace company’s stock valued at $9,924,000 after purchasing an additional 1,583 shares in the last quarter. Tidal Investments LLC increased its stake in shares of Curtiss-Wright by 2.4% during the 2nd quarter. Tidal Investments LLC now owns 13,462 shares of the aerospace company’s stock worth $10,201,000 after purchasing an additional 310 shares in the last quarter. Van Hulzen Asset Management LLC raised its position in shares of Curtiss-Wright by 38.1% during the 2nd quarter. Van Hulzen Asset Management LLC now owns 794 shares of the aerospace company’s stock worth $602,000 after purchasing an additional 219 shares during the last quarter. National Pension Service raised its position in shares of Curtiss-Wright by 2,974.9% during the 2nd quarter. National Pension Service now owns 63,928 shares of the aerospace company’s stock worth $48,442,000 after purchasing an additional 61,849 shares during the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC purchased a new stake in Curtiss-Wright in the 2nd quarter valued at approximately $201,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation (NYSE:CW) is a diversified industrial company that develops and manufactures highly engineered products and services for the aerospace, defense, commercial nuclear and general industrial markets. Its offerings include sensors, actuators, valves, pumps, electronic systems, embedded computing products, surface-treatment services and other components designed for demanding operating environments.

The company serves aerospace and defense customers with products used in aircraft, naval vessels, ground vehicles, missile systems and other defense platforms.