Curtiss-Wright Corp. (CW) Hits New 52-Week High at $91.11
Curtiss-Wright Corp. (NYSE:CW)’s share price hit a new 52-week high on Monday . The company traded as high as $91.11 and last traded at $90.89, with a volume of 36,734 shares. The stock had previously closed at $90.13.
A number of equities analysts have recently weighed in on the company. William Blair initiated coverage on Curtiss-Wright Corp. in a research note on Wednesday, August 3rd. They set a “market perform” rating and a $92.00 target price on the stock. Zacks Investment Research upgraded Curtiss-Wright Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, August 18th. Finally, Deutsche Bank AG restated a “buy” rating and set a $95.00 price objective (up previously from $89.00) on shares of Curtiss-Wright Corp. in a research note on Monday, June 13th.
The company has a market cap of $4.05 billion and a PE ratio of 23.73. The company has a 50-day moving average price of $88.35 and a 200-day moving average price of $80.47.
Curtiss-Wright Corp. (NYSE:CW) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.81 by $0.07. The firm earned $532.80 million during the quarter, compared to analysts’ expectations of $523.84 million. Curtiss-Wright Corp.’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.83 EPS. Equities research analysts forecast that Curtiss-Wright Corp. will post $4.10 earnings per share for the current year.
In other Curtiss-Wright Corp. news, VP Tom P. Quinly sold 21,626 shares of the business’s stock in a transaction on Monday, June 13th. The shares were sold at an average price of $86.24, for a total transaction of $1,865,026.24. Following the sale, the vice president now owns 57,384 shares of the company’s stock, valued at approximately $4,948,796.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William W. Dr Sihler sold 797 shares of the business’s stock in a transaction on Tuesday, July 5th. The shares were sold at an average price of $82.06, for a total transaction of $65,401.82. Following the sale, the director now directly owns 7,521 shares in the company, valued at approximately $617,173.26. 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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