Curtiss-Wright Corporation (CW) Upgraded to “Buy” 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 sent to investors on Tuesday. They currently have $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 a number of other reports. Deutsche Bank AG reiterated a buy rating and set a $125.00 price objective on shares of Curtiss-Wright Corporation in a research note on Friday, October 6th. Stifel Nicolaus started coverage on shares of Curtiss-Wright Corporation in a research note on Monday, September 18th. They set a hold rating and a $100.00 price objective on the stock. Finally, BidaskClub upgraded shares of Curtiss-Wright Corporation from a sell rating to a hold rating in a research note on Tuesday, August 8th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $117.20.

Curtiss-Wright Corporation (NYSE CW) traded up 0.11% during trading on Tuesday, reaching $113.66. 107,641 shares of the company’s stock were exchanged. Curtiss-Wright Corporation has a 52-week low of $82.77 and a 52-week high of $114.00. The stock’s 50 day moving average price is $102.74 and its 200 day moving average price is $94.68. The firm has a market cap of $5.02 billion, a P/E ratio of 25.78 and a beta of 1.25.

Curtiss-Wright Corporation (NYSE:CW) last announced its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.16. The firm had revenue of $567.70 million for the quarter, compared to the consensus estimate of $546.73 million. Curtiss-Wright Corporation had a net margin of 9.14% and a return on equity of 14.79%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.88 earnings per share. Equities research analysts anticipate that Curtiss-Wright Corporation will post $4.55 EPS for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, October 6th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.53%. This is an increase from Curtiss-Wright Corporation’s previous quarterly dividend of $0.13. The ex-dividend date is Thursday, October 5th. Curtiss-Wright Corporation’s dividend payout ratio is presently 13.61%.

In other news, Director S Marce Fuller sold 1,300 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $96.16, for a total value of $125,008.00. Following the sale, the director now directly owns 14,960 shares in the company, valued at approximately $1,438,553.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Paul J. Ferdenzi sold 6,907 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $106.18, for a total transaction of $733,385.26. Following the completion of the sale, the vice president now owns 19,467 shares in the company, valued at $2,067,006.06. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,198 shares of company stock worth $1,405,374. 1.10% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Neuberger Berman Group LLC boosted its stake in shares of Curtiss-Wright Corporation by 0.5% in the 2nd quarter. Neuberger Berman Group LLC now owns 3,297 shares of the aerospace company’s stock valued at $303,000 after purchasing an additional 18 shares in the last quarter. World Asset Management Inc boosted its stake in shares of Curtiss-Wright Corporation by 1.2% in the 2nd quarter. World Asset Management Inc now owns 2,749 shares of the aerospace company’s stock valued at $252,000 after purchasing an additional 33 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Curtiss-Wright Corporation by 1.4% in the 2nd quarter. Teacher Retirement System of Texas now owns 3,386 shares of the aerospace company’s stock valued at $311,000 after purchasing an additional 46 shares in the last quarter. Oakbrook Investments LLC boosted its stake in shares of Curtiss-Wright Corporation by 1.6% in the 2nd quarter. Oakbrook Investments LLC now owns 3,250 shares of the aerospace company’s stock valued at $298,000 after purchasing an additional 50 shares in the last quarter. Finally, State Treasurer State of Michigan boosted its stake in shares of Curtiss-Wright Corporation by 0.6% in the 2nd quarter. State Treasurer State of Michigan now owns 18,200 shares of the aerospace company’s stock valu

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 a number of other reports. Deutsche Bank AG reiterated a buy rating and set a $125.00 price objective on shares of Curtiss-Wright Corporation in a research note on Friday, October 6th. Stifel Nicolaus started coverage on shares of Curtiss-Wright Corporation in a research note on Monday, September 18th. They set a hold rating and a $100.00 price objective on the stock. Finally, BidaskClub upgraded shares of Curtiss-Wright Corporation from a sell rating to a hold rating in a research note on Tuesday, August 8th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $117.20.

Curtiss-Wright Corporation (NYSE CW) traded up 0.11% during trading on Tuesday, reaching $113.66. 107,641 shares of the company’s stock were exchanged. Curtiss-Wright Corporation has a 52-week low of $82.77 and a 52-week high of $114.00. The stock’s 50 day moving average price is $102.74 and its 200 day moving average price is $94.68. The firm has a market cap of $5.02 billion, a P/E ratio of 25.78 and a beta of 1.25.

Curtiss-Wright Corporation (NYSE:CW) last announced its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.16. The firm had revenue of $567.70 million for the quarter, compared to the consensus estimate of $546.73 million. Curtiss-Wright Corporation had a net margin of 9.14% and a return on equity of 14.79%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.88 earnings per share. Equities research analysts anticipate that Curtiss-Wright Corporation will post $4.55 EPS for the current fiscal year.

WARNING: This piece of content was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international copyright laws. The original version of this piece of content can be read at https://ledgergazette.com/2017/10/18/curtiss-wright-corporation-cw-upgraded-to-buy-at-zacks-investment-research.html.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, October 6th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.53%. This is an increase from Curtiss-Wright Corporation’s previous quarterly dividend of $0.13. The ex-dividend date is Thursday, October 5th. Curtiss-Wright Corporation’s dividend payout ratio is presently 13.61%.

In other news, Director S Marce Fuller sold 1,300 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $96.16, for a total value of $125,008.00. Following the sale, the director now directly owns 14,960 shares in the company, valued at approximately $1,438,553.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Paul J. Ferdenzi sold 6,907 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $106.18, for a total transaction of $733,385.26. Following the completion of the sale, the vice president now owns 19,467 shares in the company, valued at $2,067,006.06. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,198 shares of company stock worth $1,405,374. 1.10% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Neuberger Berman Group LLC boosted its stake in shares of Curtiss-Wright Corporation by 0.5% in the 2nd quarter. Neuberger Berman Group LLC now owns 3,297 shares of the aerospace company’s stock valued at $303,000 after purchasing an additional 18 shares in the last quarter. World Asset Management Inc boosted its stake in shares of Curtiss-Wright Corporation by 1.2% in the 2nd quarter. World Asset Management Inc now owns 2,749 shares of the aerospace company’s stock valued at $252,000 after purchasing an additional 33 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Curtiss-Wright Corporation by 1.4% in the 2nd quarter. Teacher Retirement System of Texas now owns 3,386 shares of the aerospace company’s stock valued at $311,000 after purchasing an additional 46 shares in the last quarter. Oakbrook Investments LLC boosted its stake in shares of Curtiss-Wright Corporation by 1.6% in the 2nd quarter. Oakbrook Investments LLC now owns 3,250 shares of the aerospace company’s stock valued at $298,000 after purchasing an additional 50 shares in the last quarter. Finally, State Treasurer State of Michigan boosted its stake in shares of Curtiss-Wright Corporation by 0.6% in the 2nd quarter. State Treasurer State of Michigan now owns 18,200 shares of the aerospace company’s stock valued at $1,670,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 76.18% of the company’s stock.

About Curtiss-Wright Corporation

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.

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

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