Curtiss-Wright Corp. (CW) Sets New 1-Year High at $91.11
Curtiss-Wright Corp. (NYSE:CW) reached a new 52-week high during trading on Monday . The stock traded as high as $91.11 and last traded at $90.89, with a volume of 36,734 shares changing hands. The stock had previously closed at $90.13.
Several equities research analysts have recently commented on CW shares. Zacks Investment Research raised Curtiss-Wright Corp. from a “sell” rating to a “hold” rating in a report on Friday. Deutsche Bank AG reissued a “buy” rating and issued a $95.00 price objective (up previously from $89.00) on shares of Curtiss-Wright Corp. in a report on Monday, June 13th. Finally, William Blair started coverage on Curtiss-Wright Corp. in a report on Wednesday, August 3rd. They issued a “market perform” rating and a $92.00 price objective for the company.
The stock’s 50 day moving average is $88.02 and its 200 day moving average is $79.86. The firm has a market capitalization of $4.03 billion and a price-to-earnings ratio of 23.62.
Curtiss-Wright Corp. (NYSE:CW) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.07. During the same period last year, the firm posted $0.83 earnings per share. The business earned $532.80 million during the quarter, compared to analyst estimates of $523.84 million. Curtiss-Wright Corp.’s quarterly revenue was down 2.2% compared to the same quarter last year. On average, analysts expect that Curtiss-Wright Corp. will post $4.10 earnings per share for the current fiscal year.
In other news, VP Tom P. Quinly sold 21,626 shares of the business’s stock in a transaction that occurred on Monday, June 13th. The stock was sold at an average price of $86.24, for a total transaction of $1,865,026.24. Following the completion of the sale, the vice president now owns 57,384 shares in the company, valued at $4,948,796.16. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Allen Kozinski sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, June 9th. The shares were sold at an average price of $87.20, for a total value of $436,000.00. Following the sale, the director now owns 20,874 shares of the company’s stock, valued at approximately $1,820,212.80. The disclosure for this sale can be found here.
Curtiss-Wright Corporation is a provider of engineered products and services to the commercial, defense, energy and industrial markets. The Company operates through three segments: Commercial/Industrial, which provides a diversified offering of engineered products and services supporting applications primarily across the commercial aerospace and general industrial markets; Defense, which consists of businesses that primarily provide products to the defense markets and to the commercial aerospace market, and Power, which consists of businesses that primarily provide products to the power generation markets and to the naval defense market.
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