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Weiss Ratings Reaffirms Buy (B) Rating for Curtiss-Wright (NYSE:CW)

Curtiss-Wright logo with Aerospace background

Key Points

  • Weiss Ratings has reaffirmed a "Buy" (B) rating for Curtiss-Wright (NYSE:CW), indicating confidence in the stock's performance.
  • Analysts from Stifel Nicolaus, Citigroup, and Deutsche Bank have raised their price targets for Curtiss-Wright, with the consensus price target now at $492.86.
  • Curtiss-Wright's stock increased by 3.2% to $557.73, with the company reporting a quarterly EPS of $3.23, exceeding analysts' expectations.
  • MarketBeat previews the top five stocks to own by November 1st.

Curtiss-Wright (NYSE:CW - Get Free Report)'s stock had its "buy (b)" rating reaffirmed by equities researchers at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

A number of other equities research analysts have also commented on CW. Stifel Nicolaus raised their price objective on Curtiss-Wright from $450.00 to $457.00 and gave the stock a "hold" rating in a research report on Friday, August 8th. Citigroup raised their price target on Curtiss-Wright from $525.00 to $568.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $625.00 price target on shares of Curtiss-Wright in a research note on Wednesday. Morgan Stanley raised their price target on Curtiss-Wright from $405.00 to $550.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Finally, Wall Street Zen downgraded Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $492.86.

Get Our Latest Stock Report on CW

Curtiss-Wright Stock Up 3.2%

NYSE CW traded up $17.35 during trading on Wednesday, reaching $557.73. 244,143 shares of the company's stock were exchanged, compared to its average volume of 272,132. Curtiss-Wright has a fifty-two week low of $266.88 and a fifty-two week high of $561.49. The firm has a market capitalization of $21.02 billion, a PE ratio of 47.07, a P/E/G ratio of 3.31 and a beta of 1.14. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.35. The company's fifty day simple moving average is $502.72 and its 200-day simple moving average is $441.83.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The aerospace company reported $3.23 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $855.10 million. During the same period last year, the company posted $2.67 EPS. The business's quarterly revenue was up 11.7% compared to the same quarter last year. Sell-side analysts predict that Curtiss-Wright will post 12.32 EPS for the current year.

Insider Buying and Selling at Curtiss-Wright

In related news, VP John C. Watts sold 1,110 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $480.50, for a total value of $533,355.00. Following the transaction, the vice president directly owned 3,863 shares of the company's stock, valued at approximately $1,856,171.50. This trade represents a 22.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.55% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. increased its position in Curtiss-Wright by 98.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 3,664 shares of the aerospace company's stock worth $1,163,000 after buying an additional 1,817 shares during the period. Vontobel Holding Ltd. increased its position in Curtiss-Wright by 100.4% in the 1st quarter. Vontobel Holding Ltd. now owns 1,140 shares of the aerospace company's stock worth $362,000 after buying an additional 571 shares during the period. Sowell Financial Services LLC bought a new position in Curtiss-Wright in the 1st quarter worth approximately $240,000. Janney Montgomery Scott LLC increased its position in Curtiss-Wright by 37.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 3,652 shares of the aerospace company's stock worth $1,159,000 after buying an additional 999 shares during the period. Finally, Mission Wealth Management LP bought a new position in Curtiss-Wright in the 1st quarter worth approximately $206,000. 82.71% of the stock is owned by institutional investors.

Curtiss-Wright Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Curtiss-Wright (NYSE:CW)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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