Curtiss-Wright (NYSE:CW) Cut to “Buy” at StockNews.com

StockNews.com downgraded shares of Curtiss-Wright (NYSE:CW) from a strong-buy rating to a buy rating in a report issued on Monday.

Other equities analysts have also issued reports about the company. Robert W. Baird increased their price objective on Curtiss-Wright from $300.00 to $312.00 and gave the company an outperform rating in a report on Friday, August 9th. Stifel Nicolaus upped their price target on Curtiss-Wright from $310.00 to $318.00 and gave the company a buy rating in a research report on Thursday, July 18th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Curtiss-Wright presently has an average rating of Moderate Buy and an average target price of $307.50.

Curtiss-Wright Trading Down 0.7 %

Shares of Curtiss-Wright stock opened at $324.89 on Monday. The firm has a market cap of $12.44 billion, a PE ratio of 33.46 and a beta of 1.18. Curtiss-Wright has a 1 year low of $190.64 and a 1 year high of $333.73. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.05 and a quick ratio of 1.42. The stock has a fifty day moving average price of $299.03 and a 200-day moving average price of $277.23.

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

Curtiss-Wright Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.84 dividend on an annualized basis and a yield of 0.26%. Curtiss-Wright’s payout ratio is 8.65%.

Insiders Place Their Bets

In related news, Director Glenda J. Minor sold 500 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $302.80, for a total transaction of $151,400.00. Following the sale, the director now directly owns 1,382 shares in the company, valued at approximately $418,469.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have purchased a total of 120 shares of company stock worth $27,914 over the last 90 days. Corporate insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On Curtiss-Wright

Hedge funds and other institutional investors have recently modified their holdings of the stock. Versant Capital Management Inc boosted its position in shares of Curtiss-Wright by 5,050.0% in the second quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company’s stock valued at $28,000 after acquiring an additional 101 shares during the period. GPS Wealth Strategies Group LLC purchased a new position in shares of Curtiss-Wright during the 2nd quarter valued at $30,000. EverSource Wealth Advisors LLC increased its holdings in shares of Curtiss-Wright by 1,933.3% in the first quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company’s stock worth $31,000 after purchasing an additional 116 shares during the period. Creekmur Asset Management LLC purchased a new stake in shares of Curtiss-Wright in the fourth quarter worth $32,000. Finally, Quarry LP boosted its stake in Curtiss-Wright by 176.9% during the second quarter. Quarry LP now owns 252 shares of the aerospace company’s stock valued at $68,000 after buying an additional 161 shares during the period. 82.71% of the stock is currently owned by 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.