Curtiss-Wright Corporation (NYSE:CW) Director Rita J. Heise bought 185 shares of the company’s stock in a transaction on Monday, January 8th. The shares were acquired at an average cost of $122.69 per share, for a total transaction of $22,697.65. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Curtiss-Wright Corporation (NYSE:CW) opened at $125.06 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.08 and a quick ratio of 1.48. Curtiss-Wright Corporation has a twelve month low of $82.77 and a twelve month high of $125.61. The firm has a market cap of $5,520.00, a PE ratio of 25.73, a P/E/G ratio of 1.92 and a beta of 1.26.
Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, October 25th. The aerospace company reported $1.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.21. Curtiss-Wright had a net margin of 9.70% and a return on equity of 15.60%. The business had revenue of $567.90 million for the quarter, compared to analysts’ expectations of $539.28 million. During the same quarter last year, the company earned $1.02 EPS. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. analysts expect that Curtiss-Wright Corporation will post 4.75 earnings per share for the current year.
CW has been the topic of a number of research reports. Bank of America raised shares of Curtiss-Wright from a “neutral” rating to a “buy” rating and set a $136.00 target price on the stock in a report on Monday, October 30th. Wells Fargo & Co increased their target price on shares of Curtiss-Wright from $100.00 to $120.00 and gave the stock a “market perform” rating in a report on Friday, October 27th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $117.00 price objective on shares of Curtiss-Wright in a report on Tuesday, October 17th. Zacks Investment Research cut shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $128.00 price objective on shares of Curtiss-Wright in a report on Friday, October 20th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $129.86.
Several hedge funds have recently added to or reduced their stakes in CW. Capital Research Global Investors acquired a new stake in shares of Curtiss-Wright in the 2nd quarter worth about $42,330,000. Boston Partners increased its stake in Curtiss-Wright by 44.8% during the 3rd quarter. Boston Partners now owns 1,361,557 shares of the aerospace company’s stock valued at $142,337,000 after buying an additional 421,332 shares during the period. Voya Investment Management LLC increased its stake in Curtiss-Wright by 137.8% during the 2nd quarter. Voya Investment Management LLC now owns 584,459 shares of the aerospace company’s stock valued at $53,641,000 after buying an additional 338,718 shares during the period. Prudential Financial Inc. increased its stake in Curtiss-Wright by 51.0% during the 3rd quarter. Prudential Financial Inc. now owns 494,748 shares of the aerospace company’s stock valued at $51,721,000 after buying an additional 167,135 shares during the period. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in Curtiss-Wright during the 3rd quarter valued at about $16,027,000. 76.17% of the stock is currently owned by institutional investors and hedge funds.
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Curtiss-Wright 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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