Curtiss-Wright Corporation (CW) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Curtiss-Wright Corporation (NYSE:CW) from a hold rating to a buy rating in a research report released on Tuesday, October 17th. The brokerage currently has $127.00 price objective on the aerospace company’s stock.

According to Zacks, “Curtiss-Wright Corporation ( CW ) is a manufacturing and service company that designs, manufactures, and overhauls precision components and provides engineered products and services to the aerospace, defense, power generation and general industrial markets. The Company operates through three segments: Commercial/Industrial, Defense and Power. The Commercial/Industrial segment’s products include electronic throttle control devices and transmission shifters, electro-mechanical actuation control components, valves, and surface technology services. The Defense segment’s products include commercial off-the-shelf (COTS) embedded computing board level modules, turret aiming and stabilization products, weapons handling systems, avionics and electronics, flight test equipment, and aircraft data management solutions. The Power segment’s products include a range of hardware, pumps, valves, fastening systems, specialized containment doors, airlock hatches and spent fuel management products. “

CW has been the topic of several other research reports. Deutsche Bank AG reaffirmed a buy rating and set a $125.00 price target on shares of Curtiss-Wright Corporation in a research report on Friday, October 6th. Stifel Nicolaus began coverage on shares of Curtiss-Wright Corporation in a research report on Monday, September 18th. They set a hold rating and a $100.00 price target on the stock. Finally, BidaskClub raised Curtiss-Wright Corporation from a sell rating to a hold rating in a research report on Tuesday, August 8th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Curtiss-Wright Corporation presently has an average rating of Hold and a consensus target price of $120.40.

Shares of Curtiss-Wright Corporation (NYSE:CW) traded up 0.22% during mid-day trading on Tuesday, reaching $115.01. The company had a trading volume of 354,389 shares. The stock has a market capitalization of $5.08 billion, a P/E ratio of 26.09 and a beta of 1.25. Curtiss-Wright Corporation has a one year low of $82.77 and a one year high of $117.55. The firm has a 50 day moving average of $106.25 and a 200-day moving average of $96.00.

Curtiss-Wright Corporation (NYSE:CW) last issued its earnings results on Wednesday, October 25th. The aerospace company reported $1.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.21. The business had revenue of $567.90 million for the quarter, compared to analysts’ expectations of $539.28 million. Curtiss-Wright Corporation had a return on equity of 14.79% and a net margin of 9.14%. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.02 EPS. Analysts forecast that Curtiss-Wright Corporation will post $4.55 EPS for the current fiscal year.

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The firm also recently declared a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Friday, October 6th were paid a $0.15 dividend. This is an increase from Curtiss-Wright Corporation’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $0.60 annualized dividend and a dividend yield of 0.52%. Curtiss-Wright Corporation’s payout ratio is 13.61%.

In related news, Director S Marce Fuller sold 1,300 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $96.16, for a total transaction of $125,008.00. Following the completion of the transaction, the director now owns 14,960 shares in the company, valued at $1,438,553.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Paul J. Ferdenzi sold 2,651 shares of the business’s stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $111.00, for a total transaction of $294,261.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,198 shares of company stock valued at $1,405,374. Insiders own 1.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CW. UBS Asset Management Americas Inc. boosted its stake in Curtiss-Wright Corporation by 29.5% in the first quarter. UBS Asset Management Americas Inc. now owns 26,329 shares of the aerospace company’s stock valued at $2,403,000 after acquiring an additional 5,991 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Curtiss-Wright Corporation by 77.9% in the first quarter. Envestnet Asset Management Inc. now owns 4,230 shares of the aerospace company’s stock valued at $387,000 after acquiring an additional 1,852 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Curtiss-Wright Corporation by 48.5% in the first quarter. Alliancebernstein L.P. now owns 113,920 shares of the aerospace company’s stock valued at $10,396,000 after acquiring an additional 37,199 shares in the last quarter. Credit Agricole S A boosted its stake in Curtiss-Wright Corporation by 38.1% in the first quarter. Credit Agricole S A now owns 8,734 shares of the aerospace company’s stock valued at $797,000 after acquiring an additional 2,411 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Curtiss-Wright Corporation by 2.1% in the first quarter. Principal Financial Group Inc. now owns 192,768 shares of the aerospace company’s stock valued at $17,592,000 after acquiring an additional 3,964 shares in the last quarter. Institutional investors own 76.05% of the company’s stock.

Curtiss-Wright Corporation Company Profile

Curtiss-Wright Corporation is a manufacturing and service company that designs, manufactures, and overhauls precision components and provides engineered products and services to the aerospace, defense, power generation and general industrial markets. The Company operates through three segments: Commercial/Industrial, Defense and Power.

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Analyst Recommendations for Curtiss-Wright Corporation (NYSE:CW)

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