Curtiss-Wright (NYSE:CW) Downgraded by StockNews.com

Curtiss-Wright (NYSE:CW) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Several other research firms have also recently commented on CW. Robert W. Baird lifted their target price on shares of Curtiss-Wright from $246.00 to $300.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Stifel Nicolaus boosted their price target on shares of Curtiss-Wright from $255.00 to $272.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Finally, Truist Financial reissued a “hold” rating and issued a $240.00 target price (down previously from $250.00) on shares of Curtiss-Wright in a research note on Monday, March 25th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Curtiss-Wright presently has an average rating of “Moderate Buy” and an average price target of $260.25.

Curtiss-Wright Stock Performance

NYSE CW opened at $254.01 on Friday. The company has a market capitalization of $9.72 billion, a price-to-earnings ratio of 27.61 and a beta of 1.18. Curtiss-Wright has a twelve month low of $157.72 and a twelve month high of $261.46. The stock has a fifty day simple moving average of $246.71 and a 200 day simple moving average of $226.59. The company has a quick ratio of 1.50, a current ratio of 2.13 and a debt-to-equity ratio of 0.45.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Thursday, February 15th. The aerospace company reported $3.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.92 by $0.24. The firm had revenue of $785.79 million during the quarter, compared to the consensus estimate of $737.09 million. Curtiss-Wright had a return on equity of 16.61% and a net margin of 12.46%. The business’s revenue was up 3.7% compared to the same quarter last year. During the same period last year, the business posted $2.92 EPS. Sell-side analysts expect that Curtiss-Wright will post 10.16 EPS for the current year.

Insider Activity at Curtiss-Wright

In other news, CFO K Christopher Farkas sold 2,736 shares of Curtiss-Wright stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $240.16, for a total transaction of $657,077.76. Following the transaction, the chief financial officer now owns 9,172 shares in the company, valued at approximately $2,202,747.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Curtiss-Wright news, CFO K Christopher Farkas sold 2,736 shares of Curtiss-Wright stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $240.16, for a total value of $657,077.76. Following the sale, the chief financial officer now directly owns 9,172 shares in the company, valued at approximately $2,202,747.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Kevin Rayment sold 1,070 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $243.50, for a total transaction of $260,545.00. Following the completion of the sale, the chief operating officer now owns 28,329 shares in the company, valued at $6,898,111.50. The disclosure for this sale can be found here. Insiders sold 12,451 shares of company stock valued at $3,030,512 over the last 90 days. Corporate insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On Curtiss-Wright

A number of institutional investors have recently modified their holdings of the stock. Contravisory Investment Management Inc. bought a new stake in Curtiss-Wright during the 4th quarter valued at $25,000. Creekmur Asset Management LLC acquired a new position in shares of Curtiss-Wright in the 4th quarter valued at about $32,000. First Horizon Advisors Inc. lifted its holdings in shares of Curtiss-Wright by 1,100.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 144 shares of the aerospace company’s stock valued at $28,000 after buying an additional 132 shares during the period. Venturi Wealth Management LLC lifted its holdings in shares of Curtiss-Wright by 53.6% in the 4th quarter. Venturi Wealth Management LLC now owns 149 shares of the aerospace company’s stock valued at $33,000 after buying an additional 52 shares during the period. Finally, Montag A & Associates Inc. raised its holdings in Curtiss-Wright by 67.0% in the 3rd quarter. Montag A & Associates Inc. now owns 152 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 61 shares during the period. 82.71% of the stock is owned by hedge funds and other institutional investors.

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.