Curtiss-Wright Corp. (CW) Reaches New 1-Year High at $90.07
Shares of Curtiss-Wright Corp. (NYSE:CW) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $90.07 and last traded at $89.62, with a volume of 53,373 shares changing hands. The stock had previously closed at $89.09.
Several analysts have recently weighed in on CW shares. William Blair started coverage on Curtiss-Wright Corp. in a research note on Wednesday. They set a “market perform” rating and a $92.00 target price for the company. Deutsche Bank AG restated a “buy” rating and set a $95.00 target price (up from $89.00) on shares of Curtiss-Wright Corp. in a research note on Monday, June 13th. Finally, Zacks Investment Research downgraded Curtiss-Wright Corp. from a “buy” rating to a “hold” rating in a research note on Monday, August 1st.
The company has a market cap of $3.99 billion and a price-to-earnings ratio of 23.41. The company has a 50-day moving average of $85.21 and a 200 day moving average of $77.45.
Curtiss-Wright Corp. (NYSE:CW) last issued its earnings results on Wednesday, July 27th. The company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.07. During the same period last year, the business earned $0.83 EPS. The company had revenue of $532.80 million for the quarter, compared to analyst estimates of $523.84 million. The company’s quarterly revenue was down 2.2% on a year-over-year basis. Equities analysts forecast that Curtiss-Wright Corp. will post $4.10 EPS for the current fiscal year.
In other Curtiss-Wright Corp. news, VP Paul J. Ferdenzi sold 1,973 shares of Curtiss-Wright Corp. stock in a transaction on Monday, May 9th. The shares were sold at an average price of $80.00, for a total transaction of $157,840.00. Following the completion of the sale, the vice president now owns 16,365 shares of the company’s stock, valued at approximately $1,309,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William W. Dr Sihler sold 797 shares of Curtiss-Wright Corp. 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 of the company’s stock, valued at approximately $617,173.26. The disclosure for this sale can be found here.
Several large investors recently modified their holdings of the stock. Marshall Wace LLP raised its stake in shares of Curtiss-Wright Corp. by 34.7% in the fourth quarter. Marshall Wace LLP now owns 211,811 shares of the company’s stock worth $14,509,000 after buying an additional 54,574 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Curtiss-Wright Corp. by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,394,331 shares of the company’s stock worth $164,018,000 after buying an additional 40,246 shares during the period. State of Tennessee Treasury Department bought a new stake in shares of Curtiss-Wright Corp. during the fourth quarter worth about $2,442,000. Royce & Associates LLC raised its stake in shares of Curtiss-Wright Corp. by 70.0% in the fourth quarter. Royce & Associates LLC now owns 34,000 shares of the company’s stock worth $2,329,000 after buying an additional 14,000 shares during the period. Finally, Jennison Associates LLC raised its stake in Curtiss-Wright Corp. by 0.9% in the fourth quarter. Jennison Associates LLC now owns 838,270 shares of the company’s stock valued at $57,421,000 after buying an additional 7,871 shares during the last quarter.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.