Curtiss-Wright (NYSE:CW) Rating Increased to Strong-Buy at Wall Street Zen

Curtiss-Wright (NYSE:CW - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research note issued on Saturday.

A number of other equities analysts have also weighed in on CW. Truist Financial decreased their price target on shares of Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating on the stock in a report on Friday. Stifel Nicolaus decreased their target price on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating for the company in a report on Monday, April 14th. Robert W. Baird raised their price target on shares of Curtiss-Wright from $432.00 to $500.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Finally, Citigroup increased their price objective on shares of Curtiss-Wright from $444.00 to $520.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $418.00.

Curtiss-Wright Stock Performance

Curtiss-Wright stock opened at $473.48 on Friday. Curtiss-Wright has a fifty-two week low of $258.85 and a fifty-two week high of $493.95. The company has a market capitalization of $17.83 billion, a price-to-earnings ratio of 42.12, a PEG ratio of 3.00 and a beta of 1.15. The stock has a fifty day moving average of $446.23 and a two-hundred day moving average of $373.10. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.28 and a current ratio of 1.89.

Curtiss-Wright (NYSE:CW - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.39 by $0.43. The company had revenue of $805.65 million for the quarter, compared to analysts' expectations of $767.32 million. Curtiss-Wright had a net margin of 13.38% and a return on equity of 18.02%. The firm's revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period last year, the company earned $1.99 EPS. On average, analysts anticipate that Curtiss-Wright will post 12.32 EPS for the current fiscal year.

Insider Activity at Curtiss-Wright

In related news, VP John C. Watts sold 450 shares of the firm's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $449.36, for a total transaction of $202,212.00. Following the transaction, the vice president directly owned 4,959 shares in the company, valued at $2,228,376.24. This trade represents a 8.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Bruce D. Hoechner sold 1,900 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $448.00, for a total value of $851,200.00. Following the transaction, the director directly owned 4,523 shares of the company's stock, valued at $2,026,304. This trade represents a 29.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,130 shares of company stock valued at $2,726,412 over the last three months. 0.55% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Whipplewood Advisors LLC boosted its holdings in Curtiss-Wright by 1,566.7% during the first quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company's stock worth $32,000 after buying an additional 94 shares in the last quarter. 1 North Wealth Services LLC acquired a new stake in shares of Curtiss-Wright during the 1st quarter valued at $32,000. Minot DeBlois Advisors LLC bought a new stake in shares of Curtiss-Wright during the 4th quarter worth $35,000. Private Trust Co. NA boosted its stake in shares of Curtiss-Wright by 13,800.0% during the 1st quarter. Private Trust Co. NA now owns 139 shares of the aerospace company's stock worth $44,000 after acquiring an additional 138 shares in the last quarter. Finally, Ancora Advisors LLC acquired a new stake in shares of Curtiss-Wright during the fourth quarter worth $49,000. Institutional investors own 82.71% of the company's stock.

Curtiss-Wright Company Profile

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.

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