Curtiss-Wright (NYSE:CW) Upgraded by Guggenheim to Strong-Buy Rating

Curtiss-Wright (NYSE:CW) was upgraded by investment analysts at Guggenheim to a “strong-buy” rating in a research report issued on Monday, Zacks reports.

Several other research firms have also weighed in on CW. Weiss Ratings lowered shares of Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 4th. Stifel Nicolaus increased their price target on Curtiss-Wright from $724.00 to $768.00 and gave the stock a “hold” rating in a research report on Monday, July 20th. Morgan Stanley reaffirmed an “overweight” rating and set a $860.00 price target on shares of Curtiss-Wright in a report on Wednesday, July 15th. Wall Street Zen downgraded Curtiss-Wright from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Finally, Piper Sandler started coverage on Curtiss-Wright in a research note on Wednesday, September 2nd. They issued a “neutral” rating and a $665.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $768.25.

Curtiss-Wright Stock Up 1.4%

Shares of NYSE CW opened at $570.76 on Monday. Curtiss-Wright has a 52-week low of $490.66 and a 52-week 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 business has a fifty day moving average of $667.17 and a two-hundred day moving average of $704.02. The stock has a market cap of $21.08 billion, a PE ratio of 39.28, a PEG ratio of 2.54 and a beta of 0.84.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Thursday, August 6th. The aerospace company reported $3.72 earnings per share 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 business had revenue of $924.01 million for the quarter, compared to analyst estimates of $926.17 million. During the same quarter in the prior year, the firm earned $3.23 EPS. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, equities research analysts expect that Curtiss-Wright will post 15.27 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP John C. Watts sold 1,035 shares of Curtiss-Wright stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $619.46, for a total transaction of $641,141.10. Following the completion of the sale, the executive vice president owned 2,736 shares in the company, valued at $1,694,842.56. The trade was a 27.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Larry D. Wyche sold 100 shares of Curtiss-Wright stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $596.74, for a total transaction of $59,674.00. Following the sale, the director owned 1,414 shares of the company’s stock, valued at approximately $843,790.36. This represents a 6.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.51% of the company’s stock.

Institutional Trading of Curtiss-Wright

A number of institutional investors have recently bought and sold shares of CW. BlackRock Inc. bought a new stake in shares of Curtiss-Wright during the 2nd quarter valued at $3,448,649,000. Norges Bank acquired a new position in shares of Curtiss-Wright in the 4th quarter valued at $290,633,000. Primecap Management Co. CA bought a new position in shares of Curtiss-Wright in the 2nd quarter worth $390,106,000. Bank of New York Mellon Corp bought a new position in shares of Curtiss-Wright in the 2nd quarter worth $270,458,000. Finally, William Blair Investment Management LLC acquired a new stake in shares of Curtiss-Wright during the second quarter worth $240,442,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

About Curtiss-Wright

Curtiss-Wright Corporation (NYSE:CW) is a diversified 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.