Curtiss-Wright Corporation (NYSE:CW) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Curtiss-Wright Corporation has received a consensus rating of "Moderate Buy" from analysts, with 5 buy and 2 hold recommendations.
• The average 1-year price target for the stock is set at $468.14, reflecting the analysts' outlook for the company's performance.
• Insider activity has seen significant sales, with Director Bruce D. Hoechner selling 1,900 shares, decreasing his ownership by 29.58%.

Shares of Curtiss-Wright Corporation (NYSE:CW - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the seven analysts that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $468.1429.

A number of analysts have weighed in on CW shares. Robert W. Baird increased their target price on Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Morgan Stanley raised their price target on shares of Curtiss-Wright from $405.00 to $550.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Citigroup boosted their price objective on shares of Curtiss-Wright from $525.00 to $568.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Wall Street Zen lowered shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, Stifel Nicolaus boosted their price target on Curtiss-Wright from $450.00 to $457.00 and gave the company a "hold" rating in a report on Friday, August 8th.

Insiders Place Their Bets

In other news, Director Bruce D. Hoechner sold 1,900 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $448.00, for a total transaction of $851,200.00. Following the transaction, the director owned 4,523 shares in the company, valued at approximately $2,026,304. This trade represents a 29.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP John C. Watts sold 1,110 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $480.50, for a total transaction of $533,355.00. Following the transaction, the vice president owned 3,863 shares in the company, valued at approximately $1,856,171.50. The trade was a 22.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,460 shares of company stock worth $1,586,767 in the last three months. Corporate insiders own 0.55% of the company's stock.

Institutional Trading of Curtiss-Wright

Hedge funds have recently modified their holdings of the company. Twin Peaks Wealth Advisors LLC bought a new position in shares of Curtiss-Wright during the 2nd quarter worth approximately $27,000. Penserra Capital Management LLC acquired a new position in shares of Curtiss-Wright during the second quarter worth $29,000. Whipplewood Advisors LLC lifted its holdings in shares of Curtiss-Wright by 1,566.7% during the 1st quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company's stock valued at $32,000 after purchasing an additional 94 shares during the last quarter. 1 North Wealth Services LLC acquired a new stake in shares of Curtiss-Wright in the 1st quarter worth $32,000. Finally, Minot DeBlois Advisors LLC purchased a new position in Curtiss-Wright during the 4th quarter worth $35,000. 82.71% of the stock is owned by hedge funds and other institutional investors.

Curtiss-Wright Trading Down 0.3%

NYSE:CW traded down $1.70 during mid-day trading on Monday, hitting $489.40. 216,477 shares of the stock traded hands, compared to its average volume of 350,770. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.35. Curtiss-Wright has a 52 week low of $266.88 and a 52 week high of $517.09. The stock has a market capitalization of $18.44 billion, a price-to-earnings ratio of 41.30, a PEG ratio of 3.01 and a beta of 1.18. The firm's 50 day moving average is $485.37 and its two-hundred day moving average is $402.92.

Curtiss-Wright (NYSE:CW - Get Free Report) last released its earnings results on Wednesday, August 6th. The aerospace company reported $3.23 EPS for the quarter, beating analysts' consensus estimates of $3.13 by $0.10. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%.The firm had revenue of $876.58 million for the quarter, compared to analysts' expectations of $855.10 million. During the same quarter in the prior year, the firm posted $2.67 earnings per share. The company's quarterly revenue was up 11.7% on a year-over-year basis. On average, equities research analysts predict that Curtiss-Wright will post 12.32 earnings per share for the current year.

About Curtiss-Wright

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.