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

Curtiss-Wright (NYSE:CW) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Monday.

Several other research firms have also recently weighed in on CW. Stifel Nicolaus upped their price target on shares of Curtiss-Wright from $310.00 to $318.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Robert W. Baird raised their price target on Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $307.50.

Curtiss-Wright Stock Performance

Shares of NYSE CW traded up $3.67 during mid-day trading on Monday, reaching $332.17. 302,771 shares of the company were exchanged, compared to its average volume of 216,152. Curtiss-Wright has a twelve month low of $190.64 and a twelve month high of $333.73. The company has a quick ratio of 1.42, a current ratio of 2.05 and a debt-to-equity ratio of 0.39. The company’s 50-day simple moving average is $297.38 and its 200-day simple moving average is $276.30. The stock has a market capitalization of $12.72 billion, a P/E ratio of 34.21 and a beta of 1.18.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Wednesday, August 7th. The aerospace company reported $2.67 EPS for the quarter, topping the consensus estimate of $2.24 by $0.43. Curtiss-Wright had a net margin of 13.05% and a return on equity of 17.07%. The business had revenue of $785.00 million for the quarter, compared to the consensus estimate of $735.82 million. During the same period last year, the company earned $2.15 EPS. The firm’s revenue was up 11.4% compared to the same quarter last year. As a group, research analysts predict that Curtiss-Wright will post 10.55 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Glenda J. Minor sold 500 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $302.80, for a total value of $151,400.00. Following the transaction, the director now owns 1,382 shares of the company’s stock, valued at approximately $418,469.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last three months, insiders have bought 120 shares of company stock valued at $27,914. Corporate insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On Curtiss-Wright

Several large investors have recently modified their holdings of CW. Janney Montgomery Scott LLC lifted its holdings in shares of Curtiss-Wright by 14.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 2,297 shares of the aerospace company’s stock worth $512,000 after purchasing an additional 288 shares during the period. Assetmark Inc. lifted its position in Curtiss-Wright by 49.3% in the fourth quarter. Assetmark Inc. now owns 3,428 shares of the aerospace company’s stock valued at $764,000 after purchasing an additional 1,132 shares during the period. Franklin Resources Inc. increased its position in Curtiss-Wright by 60.6% during the 4th quarter. Franklin Resources Inc. now owns 31,214 shares of the aerospace company’s stock worth $6,954,000 after purchasing an additional 11,773 shares during the period. US Bancorp DE raised its stake in shares of Curtiss-Wright by 4.9% during the 4th quarter. US Bancorp DE now owns 5,406 shares of the aerospace company’s stock worth $1,204,000 after buying an additional 253 shares in the last quarter. Finally, Congress Wealth Management LLC DE boosted its stake in shares of Curtiss-Wright by 14.0% in the fourth quarter. Congress Wealth Management LLC DE now owns 12,552 shares of the aerospace company’s stock valued at $2,797,000 after buying an additional 1,546 shares in the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

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.