Curtiss-Wright Corp. (CW) Sets New 1-Year High at $91.56
Curtiss-Wright Corp. (NYSE:CW) shares hit a new 52-week high on Tuesday . The company traded as high as $91.56 and last traded at $90.43, with a volume of 67,316 shares trading hands. The stock had previously closed at $91.12.
A number of research analysts have recently weighed in on the company. Zacks Investment Research lowered Curtiss-Wright Corp. from a “hold” rating to a “sell” rating in a report on Thursday, September 1st. William Blair assumed coverage on Curtiss-Wright Corp. in a report on Wednesday, August 3rd. They issued a “market perform” rating and a $92.00 price objective on the stock. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $95.00 price objective (up from $89.00) on shares of Curtiss-Wright Corp. in a report on Monday, June 13th.
The company has a 50 day moving average of $88.83 and a 200-day moving average of $81.01. The company has a market cap of $4.01 billion and a PE ratio of 23.5255.
Curtiss-Wright Corp. (NYSE:CW) last released its earnings results on Wednesday, July 27th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.07. During the same quarter last year, the business posted $0.83 earnings per share. The company earned $532.80 million during the quarter, compared to analysts’ expectations of $523.84 million. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, equities research analysts predict that Curtiss-Wright Corp. will post $4.10 EPS for the current year.
In other Curtiss-Wright Corp. news, Director John B. Nathman sold 6,000 shares of Curtiss-Wright Corp. stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $90.77, for a total transaction of $544,620.00. Following the completion of the sale, the director now directly owns 5,455 shares of the company’s stock, valued at approximately $495,150.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Tom P. Quinly sold 8,500 shares of Curtiss-Wright Corp. stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $89.78, for a total value of $763,130.00. Following the sale, the vice president now directly owns 27,258 shares of the company’s stock, valued at $2,447,223.24. 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.