Curtiss-Wright (NYSE:CW) Stock Rating Upgraded by Piper Sandler

Curtiss-Wright (NYSE:CW) was upgraded by Piper Sandler to a “hold” rating in a research report issued to clients and investors on Wednesday, Zacks reports.

A number of other research analysts also recently weighed in on the company. Wall Street Zen downgraded Curtiss-Wright from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings raised Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Citigroup raised their price objective on Curtiss-Wright from $775.00 to $793.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft set a $801.00 target price on Curtiss-Wright in a research note on Wednesday, August 12th. Finally, Stifel Nicolaus upped their target price on Curtiss-Wright from $724.00 to $768.00 and gave the company a “hold” rating in a report on Monday, July 20th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $765.71.

Curtiss-Wright Trading Down 2.8%

Curtiss-Wright stock opened at $561.93 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.12 and a current ratio of 1.60. The firm has a market cap of $20.75 billion, a price-to-earnings ratio of 38.67, a price-to-earnings-growth ratio of 2.61 and a beta of 0.84. Curtiss-Wright has a 1 year low of $465.51 and a 1 year high of $808.16. The firm’s 50 day moving average price is $706.43 and its two-hundred day moving average price is $713.38.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Thursday, August 6th. The aerospace company reported $3.72 EPS for the quarter, beating analysts’ consensus estimates of $3.62 by $0.10. Curtiss-Wright had a return on equity of 20.49% and a net margin of 14.81%.The company had revenue of $924.01 million during the quarter, compared to the consensus estimate of $926.17 million. During the same quarter in the prior year, the firm earned $3.23 EPS. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, research analysts predict that Curtiss-Wright will post 15.28 EPS for the current fiscal year.

Insider Transactions at Curtiss-Wright

In other news, EVP John C. Watts sold 1,035 shares of the firm’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $619.46, for a total transaction of $641,141.10. Following the completion of the sale, the executive vice president directly owned 2,736 shares of the company’s stock, valued at $1,694,842.56. This trade represents a 27.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Larry D. Wyche sold 100 shares of Curtiss-Wright stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $596.74, for a total value of $59,674.00. Following the sale, the director owned 1,414 shares of the company’s stock, valued at approximately $843,790.36. This represents a 6.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 4,034 shares of company stock worth $2,793,173 in the last ninety days. Company insiders own 0.51% of the company’s stock.

Hedge Funds Weigh In On Curtiss-Wright

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Amundi lifted its position in shares of Curtiss-Wright by 47.6% in the second quarter. Amundi now owns 154,668 shares of the aerospace company’s stock worth $117,201,000 after buying an additional 49,907 shares during the last quarter. California State Teachers Retirement System grew its position in Curtiss-Wright by 96,633.6% during the second quarter. California State Teachers Retirement System now owns 40,844,780 shares of the aerospace company’s stock worth $30,950,540,000 after buying an additional 40,802,556 shares in the last quarter. Wedmont Private Capital increased its position in shares of Curtiss-Wright by 27.6% during the second quarter. Wedmont Private Capital now owns 702 shares of the aerospace company’s stock valued at $530,000 after purchasing an additional 152 shares during the period. HB Wealth Management LLC raised its stake in shares of Curtiss-Wright by 4.4% in the 2nd quarter. HB Wealth Management LLC now owns 1,221 shares of the aerospace company’s stock valued at $925,000 after buying an additional 52 shares in the last quarter. Finally, Compass Financial Management LLC acquired a new position in Curtiss-Wright in the second quarter worth about $1,356,000. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.