Wells Fargo & Co upgraded shares of Curtiss-Wright (NYSE:CW) from a market perform rating to an outperform rating in a research report sent to investors on Tuesday, Marketbeat reports. Wells Fargo & Co currently has $120.00 target price on the aerospace company’s stock.

Several other analysts have also commented on CW. 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 set a $117.00 price target on shares of Curtiss-Wright in a research report 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 target on the stock in a research report on Monday, October 30th. Deutsche Bank restated a buy rating and set a $125.00 price target on shares of Curtiss-Wright in a research report on Friday, October 6th. Finally, Seaport Global Securities restated a buy rating on shares of Curtiss-Wright in a research report on Friday, October 27th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $132.00.

Shares of Curtiss-Wright (NYSE:CW) traded up $1.25 during trading on Tuesday, hitting $132.35. 151,390 shares of the company traded hands, compared to its average volume of 217,455. The company has a current ratio of 2.08, a quick ratio of 1.48 and a debt-to-equity ratio of 0.55. Curtiss-Wright has a 12-month low of $82.77 and a 12-month high of $134.44. The stock has a market capitalization of $5,790.00, a PE ratio of 27.23, a PEG ratio of 2.01 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 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $567.90 million during the quarter, compared to analysts’ expectations of $539.28 million. During the same quarter last year, the company posted $1.02 earnings per share. The firm’s revenue was up 12.0% compared to the same quarter last year. analysts predict that Curtiss-Wright will post 4.75 earnings per share for the current fiscal year.

In other news, Director Albert E. Smith sold 1,700 shares of Curtiss-Wright stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $122.35, for a total value of $207,995.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Paul J. Ferdenzi sold 2,651 shares of Curtiss-Wright stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $115.00, for a total transaction of $304,865.00. Following the completion of the sale, the vice president now owns 19,835 shares in the company, valued at approximately $2,281,025. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,290 shares of company stock worth $5,969,585. Company insiders own 1.10% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in CW. BlackRock Inc. boosted its position in Curtiss-Wright by 0.6% during the second quarter. BlackRock Inc. now owns 5,130,026 shares of the aerospace company’s stock worth $470,833,000 after acquiring an additional 30,422 shares during the last quarter. State Street Corp boosted its position in Curtiss-Wright by 5.8% during the second quarter. State Street Corp now owns 1,776,207 shares of the aerospace company’s stock worth $163,017,000 after acquiring an additional 97,137 shares during the last quarter. Boston Partners boosted its position in Curtiss-Wright by 44.8% during the third quarter. Boston Partners now owns 1,361,557 shares of the aerospace company’s stock worth $142,337,000 after acquiring an additional 421,332 shares during the last quarter. Northern Trust Corp boosted its position in Curtiss-Wright by 1.5% during the second quarter. Northern Trust Corp now owns 1,241,364 shares of the aerospace company’s stock worth $113,933,000 after acquiring an additional 17,769 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Curtiss-Wright by 0.4% during the third quarter. Bank of New York Mellon Corp now owns 943,289 shares of the aerospace company’s stock worth $98,612,000 after acquiring an additional 4,064 shares during the last quarter. Institutional investors and hedge funds own 76.17% of the company’s stock.

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About Curtiss-Wright

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.

Analyst Recommendations for Curtiss-Wright (NYSE:CW)

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