Curtiss-Wright Corporation (CW) Director Buys $22,697.65 in Stock
Curtiss-Wright Corporation (NYSE:CW) Director Rita J. Heise purchased 185 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The shares were bought at an average price of $122.69 per share, with a total value of $22,697.65. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Curtiss-Wright Corporation (NYSE:CW) opened at $125.06 on Wednesday. Curtiss-Wright Corporation has a 52 week low of $82.77 and a 52 week high of $125.61. The company has a quick ratio of 1.48, a current ratio of 2.08 and a debt-to-equity ratio of 0.55. The company has a market cap of $5,520.00, a price-to-earnings ratio of 25.73, a PEG ratio of 1.92 and a beta of 1.26.
Curtiss-Wright (NYSE:CW) last issued its earnings results on Wednesday, October 25th. The aerospace company reported $1.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.21. Curtiss-Wright had a net margin of 9.70% and a return on equity of 15.60%. The company had revenue of $567.90 million for the quarter, compared to the consensus estimate of $539.28 million. During the same quarter in the previous year, the company earned $1.02 EPS. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. sell-side analysts expect that Curtiss-Wright Corporation will post 4.75 earnings per share for the current fiscal year.
Several equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Curtiss-Wright from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Stifel Nicolaus restated a “hold” rating and issued a $117.00 price objective on shares of Curtiss-Wright in a research note on Tuesday, October 17th. Bank of America upgraded shares of Curtiss-Wright from a “neutral” rating to a “buy” rating and set a $136.00 price objective on the stock in a research note on Monday, October 30th. Deutsche Bank reiterated a “buy” rating and set a $125.00 price target on shares of Curtiss-Wright in a research note on Friday, October 6th. Finally, Wells Fargo & Co lifted their price target on shares of Curtiss-Wright from $100.00 to $120.00 and gave the stock a “market perform” rating in a research note on Friday, October 27th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $129.86.
Several institutional investors have recently added to or reduced their stakes in the stock. Neuberger Berman Group LLC raised its holdings in shares of Curtiss-Wright by 0.5% in the second quarter. Neuberger Berman Group LLC now owns 3,297 shares of the aerospace company’s stock valued at $303,000 after buying an additional 18 shares during the last quarter. Ameritas Investment Partners Inc. raised its holdings in Curtiss-Wright by 0.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 17,008 shares of the aerospace company’s stock worth $1,561,000 after purchasing an additional 141 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Curtiss-Wright by 9.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,656 shares of the aerospace company’s stock worth $152,000 after purchasing an additional 143 shares during the last quarter. State Board of Administration of Florida Retirement System raised its holdings in Curtiss-Wright by 0.9% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 21,490 shares of the aerospace company’s stock worth $1,972,000 after purchasing an additional 194 shares during the last quarter. Finally, Amalgamated Bank raised its holdings in Curtiss-Wright by 3.7% during the 2nd quarter. Amalgamated Bank now owns 6,348 shares of the aerospace company’s stock worth $583,000 after purchasing an additional 225 shares during the last quarter. 76.17% of the stock is owned by institutional investors and hedge funds.
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Curtiss-Wright Corporation is a manufacturing and service company that designs, manufactures, and overhauls precision components and provides engineered products and services to the aerospace, defense, power generation and general industrial markets. The Company operates through three segments: Commercial/Industrial, Defense and Power.
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