Media coverage about Curtiss-Wright Corp. (NYSE:CW) has trended somewhat negative on Friday, Alpha One reports. The research firm, a service of Accern, identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Curtiss-Wright Corp. earned a daily sentiment score of -0.11 on Alpha One’s scale. Alpha One also assigned media coverage about the aerospace company an impact score of 68 out of 100, meaning that recent news coverage is likely to have an impact on the company’s share price in the next few days.
These are some of the news headlines that may have effected AlphaOne’s scoring:
- Curtiss-Wright to Present at Wells Fargo 2017 Industrials Conference (finance.yahoo.com)
- Curtiss-Wright Corp. (CW) Earning Somewhat Negative Press Coverage, Report Finds (americanbankingnews.com)
- Curtiss-Wright Corp. (CW) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Curtiss-Wright Corp. (CW) Expected to Announce Quarterly Sales of $508.2 Million (americanbankingnews.com)
- Curtiss-Wright Corp. (CW) Earning Somewhat Favorable News Coverage, Analysis Finds (americanbankingnews.com)
A number of research firms have recently issued reports on CW. Bank of America Corp raised their target price on shares of Curtiss-Wright Corp. from $100.00 to $105.00 and gave the stock a “neutral” rating in a research note on Thursday, December 29th. Zacks Investment Research upgraded shares of Curtiss-Wright Corp. from a “hold” rating to a “buy” rating and set a $107.00 target price for the company in a research note on Wednesday, January 18th. William Blair began coverage on shares of Curtiss-Wright Corp. in a research note on Friday, February 17th. They set a “market perform” rating for the company. Finally, SunTrust Banks, Inc. initiated coverage on shares of Curtiss-Wright Corp. in a research note on Thursday, January 19th. They set a “hold” rating and a $105.00 target price for the company. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $102.60.
Shares of Curtiss-Wright Corp. (NYSE:CW) traded up 0.36% during mid-day trading on Friday, reaching $91.86. 268,752 shares of the company’s stock traded hands. The firm has a 50-day moving average of $92.50 and a 200 day moving average of $95.23. The company has a market cap of $4.09 billion, a P/E ratio of 22.11 and a beta of 1.30. Curtiss-Wright Corp. has a 12-month low of $75.90 and a 12-month high of $107.61.
Curtiss-Wright Corp. (NYSE:CW) last announced its earnings results on Wednesday, February 15th. The aerospace company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.10. The business had revenue of $566 million for the quarter, compared to the consensus estimate of $592.79 million. Curtiss-Wright Corp. had a net margin of 8.84% and a return on equity of 14.85%. During the same period last year, the firm posted $1.53 earnings per share. Equities analysts forecast that Curtiss-Wright Corp. will post $4.37 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 13th. Shareholders of record on Thursday, March 30th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Tuesday, March 28th. Curtiss-Wright Corp.’s payout ratio is currently 12.56%.
In other Curtiss-Wright Corp. news, VP Glenn E. Tynan sold 7,245 shares of the stock in a transaction that occurred on Thursday, February 9th. The shares were sold at an average price of $98.07, for a total transaction of $710,517.15. Following the transaction, the vice president now directly owns 82,899 shares in the company, valued at $8,129,904.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David Charles Adams sold 15,270 shares of the stock in a transaction that occurred on Thursday, February 9th. The shares were sold at an average price of $98.09, for a total transaction of $1,497,834.30. Following the transaction, the chief executive officer now owns 85,274 shares in the company, valued at $8,364,526.66. The disclosure for this sale can be found here. Insiders have sold 46,678 shares of company stock worth $4,566,358 over the last quarter. Company insiders own 1.70% of the company’s stock.
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About Curtiss-Wright Corp.
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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