Curtiss-Wright (NYSE:CW) had its price target reduced by equities researchers at Bank of America from $150.00 to $135.00 in a research report issued to clients and investors on Thursday. The brokerage currently has a “buy” rating on the aerospace company’s stock. Bank of America’s price target points to a potential upside of 21.91% from the stock’s previous close.
CW has been the subject of a number of other research reports. ValuEngine lowered Curtiss-Wright from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. Stifel Nicolaus set a $120.00 price objective on Curtiss-Wright and gave the company a “hold” rating in a research note on Thursday, November 1st. Zacks Investment Research downgraded Curtiss-Wright from a “buy” rating to a “hold” rating in a report on Wednesday, September 26th. UBS Group initiated coverage on Curtiss-Wright in a report on Wednesday, August 15th. They set a “neutral” rating and a $140.00 target price on the stock. Finally, SunTrust Banks reduced their target price on Curtiss-Wright to $148.00 and set a “buy” rating on the stock in a report on Thursday, November 1st. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $138.11.
NYSE CW traded down $1.41 during mid-day trading on Thursday, reaching $110.74. 241,314 shares of the company’s stock traded hands, compared to its average volume of 270,787. Curtiss-Wright has a 1-year low of $105.77 and a 1-year high of $143.38. The company has a quick ratio of 1.53, a current ratio of 2.25 and a debt-to-equity ratio of 0.50. The firm has a market cap of $5.01 billion, a PE ratio of 22.02, a price-to-earnings-growth ratio of 1.45 and a beta of 1.40.
Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Tuesday, October 30th. The aerospace company reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.12. Curtiss-Wright had a return on equity of 17.59% and a net margin of 10.98%. The firm had revenue of $595.40 million during the quarter, compared to analyst estimates of $628.27 million. During the same quarter last year, the firm earned $1.43 EPS. Curtiss-Wright’s quarterly revenue was up 4.8% on a year-over-year basis. On average, analysts anticipate that Curtiss-Wright will post 6.23 earnings per share for the current year.
In other Curtiss-Wright news, Director S Marce Fuller sold 1,250 shares of the stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $133.07, for a total transaction of $166,337.50. Following the transaction, the director now owns 11,734 shares of the company’s stock, valued at approximately $1,561,443.38. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.10% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. FMR LLC bought a new stake in shares of Curtiss-Wright in the 3rd quarter worth approximately $103,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Curtiss-Wright in the 3rd quarter worth approximately $107,000. Fort L.P. bought a new stake in shares of Curtiss-Wright in the 2nd quarter worth approximately $116,000. Vigilant Capital Management LLC bought a new stake in shares of Curtiss-Wright in the 2nd quarter worth approximately $155,000. Finally, Sageworth Trust Co lifted its holdings in shares of Curtiss-Wright by 1,075.0% in the 3rd quarter. Sageworth Trust Co now owns 1,175 shares of the aerospace company’s stock worth $161,000 after purchasing an additional 1,075 shares during the last quarter. 75.13% of the stock is currently owned by institutional investors.
Curtiss-Wright Company Profile
Curtiss-Wright Corporation, together with its subsidiaries, designs, manufactures, and overhauls precision components, and engineered products and services primarily to the aerospace, defense, general industrial, and power generation markets worldwide. The company operates through three segments: Commercial/Industrial, Defense, and Power.
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