Wall Street Zen Upgrades Curtiss-Wright (NYSE:CW) to Buy

Curtiss-Wright (NYSE:CW) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Other analysts have also recently issued reports about the stock. Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a research note on Monday, December 22nd. Stifel Nicolaus cut their price target on Curtiss-Wright from $587.00 to $584.00 and set a “hold” rating on the stock in a research report on Tuesday, December 16th. Citigroup began coverage on Curtiss-Wright in a research note on Thursday, December 11th. They issued a “neutral” rating and a $607.00 target price on the stock. Morgan Stanley reiterated an “overweight” rating and set a $660.00 price target on shares of Curtiss-Wright in a research report on Tuesday, December 16th. Finally, Truist Financial set a $603.00 price objective on Curtiss-Wright in a research report on Friday. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $596.50.

Curtiss-Wright Price Performance

NYSE CW opened at $606.08 on Friday. The stock’s fifty day moving average price is $560.87 and its 200 day moving average price is $527.40. Curtiss-Wright has a 1 year low of $266.88 and a 1 year high of $612.28. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.75 and a quick ratio of 1.17. The company has a market cap of $22.35 billion, a price-to-earnings ratio of 49.40, a PEG ratio of 2.75 and a beta of 0.95.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Thursday, November 6th. The aerospace company reported $3.40 earnings per share for the quarter, beating analysts’ consensus estimates of $3.28 by $0.12. Curtiss-Wright had a return on equity of 18.82% and a net margin of 13.78%.The business had revenue of $869.00 million for the quarter, compared to analyst estimates of $869.03 million. During the same period in the prior year, the company earned $2.89 earnings per share. The company’s revenue was up 8.8% on a year-over-year basis. As a group, equities research analysts forecast that Curtiss-Wright will post 12.32 earnings per share for the current year.

Insider Activity at Curtiss-Wright

In related news, EVP John C. Watts sold 288 shares of the stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $600.00, for a total value of $172,800.00. Following the completion of the transaction, the executive vice president directly owned 3,188 shares of the company’s stock, valued at approximately $1,912,800. This represents a 8.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 513 shares of company stock worth $302,586 over the last ninety days. 0.55% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Curtiss-Wright

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Atlantic Union Bankshares Corp purchased a new position in shares of Curtiss-Wright during the 3rd quarter worth $26,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Curtiss-Wright during the second quarter valued at about $27,000. Penserra Capital Management LLC purchased a new stake in shares of Curtiss-Wright in the 2nd quarter valued at approximately $29,000. Larson Financial Group LLC lifted its holdings in shares of Curtiss-Wright by 53.8% in the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 21 shares during the last quarter. Finally, First Horizon Corp purchased a new position in shares of Curtiss-Wright during the 3rd quarter worth approximately $34,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

About Curtiss-Wright

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.