Curtiss-Wright Corp. (CW) Reaches New 52-Week High at $90.27
Curtiss-Wright Corp. (NYSE:CW)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $90.27 and last traded at $90.00, with a volume of 86,512 shares changing hands. The stock had previously closed at $89.32.
Several research firms have weighed in on CW. William Blair began coverage on Curtiss-Wright Corp. in a research note on Wednesday, August 3rd. They issued a “market perform” rating and a $92.00 target price on the stock. Deutsche Bank AG reissued a “buy” rating and issued a $95.00 target price (up previously from $89.00) on shares of Curtiss-Wright Corp. in a research note on Monday, June 13th. Finally, Zacks Investment Research raised Curtiss-Wright Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, April 26th.
The stock has a 50 day moving average of $86.49 and a 200 day moving average of $78.71. The firm has a market capitalization of $3.94 billion and a P/E ratio of 23.11.
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 quarter in the previous year, the business posted $0.83 EPS. The business earned $532.80 million during the quarter, compared to the consensus estimate of $523.84 million. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. Analysts predict that Curtiss-Wright Corp. will post $4.10 EPS for the current fiscal year.
In other news, Director Allen Kozinski sold 5,000 shares of Curtiss-Wright Corp. stock in a transaction on Thursday, June 9th. The stock was sold at an average price of $87.20, for a total value of $436,000.00. Following the transaction, the director now owns 20,874 shares in the company, valued at approximately $1,820,212.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO David Charles Adams sold 14,414 shares of Curtiss-Wright Corp. stock in a transaction on Tuesday, May 24th. The shares were sold at an average price of $81.46, for a total value of $1,174,164.44. Following the completion of the transaction, the chief executive officer now owns 60,031 shares in the company, valued at approximately $4,890,125.26. The disclosure for this sale can be found here.
Other institutional investors have modified their holdings of the company. State of Tennessee Treasury Department acquired a new position in shares of Curtiss-Wright Corp. during the fourth quarter valued at about $2,442,000. Jennison Associates LLC raised its stake in shares of Curtiss-Wright Corp. by 0.9% in the fourth quarter. Jennison Associates LLC now owns 838,270 shares of the company’s stock worth $57,421,000 after buying an additional 7,871 shares in the last quarter. 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 in the last quarter. Principal Financial Group Inc. raised its stake in shares of Curtiss-Wright Corp. by 2.1% in the fourth quarter. Principal Financial Group Inc. now owns 308,502 shares of the company’s stock worth $21,133,000 after buying an additional 6,443 shares in the last quarter. Finally, New York State Common Retirement Fund raised its stake in shares of Curtiss-Wright Corp. by 3.6% in the fourth quarter. New York State Common Retirement Fund now owns 53,799 shares of the company’s stock worth $3,685,000 after buying an additional 1,889 shares in 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.
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