Curtiss-Wright Corporation (CW) Rating Reiterated by Deutsche Bank AG
Curtiss-Wright Corporation (NYSE:CW)‘s stock had its “buy” rating restated by research analysts at Deutsche Bank AG in a note issued to investors on Friday. They currently have a $125.00 target price on the aerospace company’s stock. Deutsche Bank AG’s target price would indicate a potential upside of 13.99% from the stock’s previous close.
CW has been the topic of several other reports. Zacks Investment Research upgraded shares of Curtiss-Wright Corporation from a “hold” rating to a “buy” rating and set a $108.00 target price on the stock in a report on Thursday, August 17th. Stifel Nicolaus began coverage on shares of Curtiss-Wright Corporation in a report on Monday, September 18th. They issued a “hold” rating and a $100.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $111.60.
Shares of Curtiss-Wright Corporation (NYSE:CW) opened at 109.66 on Friday. The stock’s 50 day moving average is $100.12 and its 200-day moving average is $93.92. Curtiss-Wright Corporation has a 52 week low of $82.77 and a 52 week high of $109.70. The company has a market cap of $4.84 billion, a price-to-earnings ratio of 24.88 and a beta of 1.25.
Curtiss-Wright Corporation (NYSE:CW) last posted its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $1.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.16. The firm had revenue of $567.70 million for the quarter, compared to analysts’ expectations of $546.73 million. Curtiss-Wright Corporation had a net margin of 9.14% and a return on equity of 14.79%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.88 earnings per share. On average, equities analysts anticipate that Curtiss-Wright Corporation will post $4.54 earnings per share for the current year.
In other Curtiss-Wright Corporation news, VP Paul J. Ferdenzi sold 6,907 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $106.18, for a total transaction of $733,385.26. Following the completion of the transaction, the vice president now directly owns 19,467 shares of the company’s stock, valued at approximately $2,067,006.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director S Marce Fuller sold 1,300 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $96.16, for a total transaction of $125,008.00. Following the transaction, the director now directly owns 14,960 shares of the company’s stock, valued at $1,438,553.60. The disclosure for this sale can be found here. Insiders sold a total of 10,547 shares of company stock valued at $1,111,113 over the last ninety days. 1.10% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Neuberger Berman Group LLC raised its position in Curtiss-Wright Corporation by 0.5% during the 2nd quarter. Neuberger Berman Group LLC now owns 3,297 shares of the aerospace company’s stock worth $303,000 after buying an additional 18 shares during the last quarter. World Asset Management Inc raised its position in Curtiss-Wright Corporation by 1.2% during the 2nd quarter. World Asset Management Inc now owns 2,749 shares of the aerospace company’s stock worth $252,000 after buying an additional 33 shares during the last quarter. Teacher Retirement System of Texas raised its position in Curtiss-Wright Corporation by 1.4% during the 2nd quarter. Teacher Retirement System of Texas now owns 3,386 shares of the aerospace company’s stock worth $311,000 after buying an additional 46 shares during the last quarter. Oakbrook Investments LLC raised its position in Curtiss-Wright Corporation by 1.6% during the 2nd quarter. Oakbrook Investments LLC now owns 3,250 shares of the aerospace company’s stock worth $298,000 after buying an additional 50 shares during the last quarter. Finally, State Treasurer State of Michigan raised its position in Curtiss-Wright Corporation by 0.6% during the 2nd quarter. State Treasurer State of Michigan now owns 18,200 shares of the aerospace company’s stock worth $1,670,000 after buying an additional 100 shares during the last quarter. 76.18% of the stock is owned by institutional investors.
Curtiss-Wright Corporation Company Profile
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.
Receive News & Ratings for Curtiss-Wright Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Curtiss-Wright Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.