Curtiss-Wright (NYSE:CW) Upgraded to “Hold” at Piper Sandler

Curtiss-Wright (NYSE:CW) was upgraded by analysts at Piper Sandler to a “hold” rating in a report issued on Wednesday, Zacks reports.

A number of other equities analysts have also recently issued reports on the company. Citigroup raised their target price on Curtiss-Wright from $775.00 to $793.00 and gave the stock a “neutral” rating in a report on Wednesday, July 1st. Robert W. Baird set a $870.00 price target on Curtiss-Wright in a research note on Friday, May 8th. Stifel Nicolaus increased their price target on shares of Curtiss-Wright from $724.00 to $768.00 and gave the company a “hold” rating in a research report on Monday, July 20th. Wall Street Zen lowered shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Finally, Deutsche Bank Aktiengesellschaft set a $801.00 price objective on shares of Curtiss-Wright in a report on Wednesday, August 12th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $765.71.

Curtiss-Wright Trading Down 2.8%

CW opened at $561.93 on Wednesday. The firm has a 50 day simple moving average of $706.43 and a 200 day simple moving average of $713.38. The company has a market cap of $20.75 billion, a price-to-earnings ratio of 38.67, a price-to-earnings-growth ratio of 2.61 and a beta of 0.84. Curtiss-Wright has a fifty-two week low of $465.51 and a fifty-two week high of $808.16. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.60 and a quick ratio of 1.12.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Thursday, August 6th. The aerospace company reported $3.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.62 by $0.10. Curtiss-Wright had a return on equity of 20.49% and a net margin of 14.81%.The business had revenue of $924.01 million for the quarter, compared to analyst estimates of $926.17 million. During the same period last year, the company earned $3.23 EPS. The firm’s revenue was up 5.4% on a year-over-year basis. On average, sell-side analysts anticipate that Curtiss-Wright will post 15.28 earnings per share for the current year.

Insider Transactions at Curtiss-Wright

In other news, EVP John C. Watts sold 1,035 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $619.46, for a total value of $641,141.10. Following the sale, the executive vice president directly owned 2,736 shares in the company, valued at $1,694,842.56. The trade was a 27.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Gary A. Ogilby sold 399 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $721.95, for a total value of $288,058.05. Following the transaction, the vice president directly owned 2,172 shares of the company’s stock, valued at $1,568,075.40. This represents a 15.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 4,034 shares of company stock worth $2,793,173 in the last 90 days. Company insiders own 0.51% of the company’s stock.

Hedge Funds Weigh In On Curtiss-Wright

A number of large investors have recently bought and sold shares of the company. Amundi raised its holdings in shares of Curtiss-Wright by 47.6% in the second quarter. Amundi now owns 154,668 shares of the aerospace company’s stock valued at $117,201,000 after purchasing an additional 49,907 shares during the last quarter. California State Teachers Retirement System boosted its holdings in Curtiss-Wright by 96,633.6% during the second quarter. California State Teachers Retirement System now owns 40,844,780 shares of the aerospace company’s stock worth $30,950,540,000 after purchasing an additional 40,802,556 shares during the last quarter. Wedmont Private Capital grew its position in Curtiss-Wright by 27.6% in the second quarter. Wedmont Private Capital now owns 702 shares of the aerospace company’s stock valued at $530,000 after purchasing an additional 152 shares in the last quarter. HB Wealth Management LLC increased its stake in Curtiss-Wright by 4.4% in the 2nd quarter. HB Wealth Management LLC now owns 1,221 shares of the aerospace company’s stock valued at $925,000 after buying an additional 52 shares during the last quarter. Finally, Compass Financial Management LLC acquired a new stake in Curtiss-Wright in the 2nd quarter valued at $1,356,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.