Curtiss-Wright (CW) Earns Outperform Rating from Analysts at Robert W. Baird

Stock analysts at Robert W. Baird assumed coverage on shares of Curtiss-Wright (NYSE:CW) in a research report issued on Tuesday. The firm set an “outperform” rating and a $149.00 price target on the aerospace company’s stock. Robert W. Baird’s price target points to a potential upside of 23.08% from the stock’s previous close.

A number of other equities analysts have also issued reports on CW. Seaport Global Securities reissued a “buy” rating on shares of Curtiss-Wright in a research report on Friday, October 27th. Bank of America raised Curtiss-Wright from a “neutral” rating to a “buy” rating and set a $136.00 price target on the stock in a research report on Monday, October 30th. Wells Fargo & Company upped their price target on Curtiss-Wright from $100.00 to $120.00 and gave the company a “market perform” rating in a research report on Friday, October 27th. Stifel Nicolaus upped their price target on Curtiss-Wright from $117.00 to $124.00 and gave the company a “hold” rating in a research report on Friday, October 27th. Finally, SunTrust Banks reissued a “buy” rating and set a $128.00 price target on shares of Curtiss-Wright in a research report on Friday, October 20th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Curtiss-Wright has a consensus rating of “Buy” and a consensus target price of $129.86.

Curtiss-Wright (NYSE:CW) opened at $121.06 on Tuesday. Curtiss-Wright has a 52-week low of $82.77 and a 52-week high of $125.00. The stock has a market capitalization of $5,460.13, a P/E ratio of 25.89, a price-to-earnings-growth ratio of 2.11 and a beta of 1.26. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.08 and a quick ratio of 1.48.

Curtiss-Wright (NYSE:CW) last announced its earnings results on Wednesday, October 25th. The aerospace company reported $1.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.21. Curtiss-Wright had a return on equity of 15.60% and a net margin of 9.70%. The company had revenue of $567.90 million for the quarter, compared to analyst estimates of $539.28 million. During the same period in the prior year, the company posted $1.02 EPS. Curtiss-Wright’s quarterly revenue was up 12.0% on a year-over-year basis. equities research analysts anticipate that Curtiss-Wright will post 4.75 earnings per share for the current year.

In other Curtiss-Wright news, CEO David Charles Adams sold 17,000 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $119.04, for a total value of $2,023,680.00. Following the sale, the chief executive officer now directly owns 70,570 shares of the company’s stock, valued at $8,400,652.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director S Marce Fuller sold 1,300 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $117.95, for a total value of $153,335.00. Following the completion of the sale, the director now directly owns 13,660 shares in the company, valued at $1,611,197. The disclosure for this sale can be found here. Over the last three months, insiders have sold 60,488 shares of company stock worth $7,041,956. Corporate insiders own 1.10% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. grew its stake in shares of Curtiss-Wright by 0.6% in the second quarter. BlackRock Inc. now owns 5,130,026 shares of the aerospace company’s stock worth $470,833,000 after purchasing an additional 30,422 shares in the last quarter. State Street Corp grew its stake in shares of Curtiss-Wright by 5.8% in the second quarter. State Street Corp now owns 1,776,207 shares of the aerospace company’s stock worth $163,017,000 after purchasing an additional 97,137 shares in the last quarter. Boston Partners grew its stake in shares of Curtiss-Wright by 44.8% in the third quarter. Boston Partners now owns 1,361,557 shares of the aerospace company’s stock worth $142,337,000 after purchasing an additional 421,332 shares in the last quarter. Northern Trust Corp grew its stake in shares of Curtiss-Wright by 1.5% in the second quarter. Northern Trust Corp now owns 1,241,364 shares of the aerospace company’s stock worth $113,933,000 after purchasing an additional 17,769 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Curtiss-Wright by 0.4% in the third quarter. Bank of New York Mellon Corp now owns 943,289 shares of the aerospace company’s stock worth $98,612,000 after purchasing an additional 4,064 shares in the last quarter. 77.46% of the stock is currently owned by hedge funds and other institutional investors.

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Curtiss-Wright Company Profile

Curtiss-Wright Corporation is a manufacturing and service company that designs, manufactures, and overhauls precision components and provides engineered products and services to the aerospace, defense, power generation and general industrial markets. The Company operates through three segments: Commercial/Industrial, Defense and Power.

Analyst Recommendations for Curtiss-Wright (NYSE:CW)

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