Curtiss-Wright (NYSE:CW) Downgraded to Buy at StockNews.com

StockNews.com lowered shares of Curtiss-Wright (NYSE:CWGet Rating) from a strong-buy rating to a buy rating in a research report released on Friday morning.

Other analysts have also recently issued research reports about the stock. Berenberg Bank assumed coverage on shares of Curtiss-Wright in a research note on Friday, January 21st. They issued a buy rating and a $170.00 price target on the stock. Morgan Stanley boosted their price target on shares of Curtiss-Wright from $180.00 to $189.00 and gave the stock an overweight rating in a research note on Tuesday, March 1st.

Shares of CW stock opened at $137.37 on Friday. Curtiss-Wright has a 1 year low of $111.26 and a 1 year high of $162.98. The firm has a fifty day moving average price of $148.55 and a 200-day moving average price of $140.02. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.64 and a quick ratio of 1.08. The company has a market cap of $5.28 billion, a price-to-earnings ratio of 22.23 and a beta of 1.37.

Curtiss-Wright (NYSE:CWGet Rating) last issued its quarterly earnings data on Wednesday, May 4th. The aerospace company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.11. Curtiss-Wright had a net margin of 10.06% and a return on equity of 15.35%. The firm had revenue of $559.46 million during the quarter, compared to the consensus estimate of $579.97 million. During the same quarter in the previous year, the firm posted $1.51 EPS. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. Equities research analysts expect that Curtiss-Wright will post 8.2 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 1st. Shareholders of record on Friday, June 17th will be paid a $0.19 dividend. This is an increase from Curtiss-Wright’s previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Thursday, June 16th. Curtiss-Wright’s dividend payout ratio is currently 11.65%.

In other news, Chairman David Charles Adams sold 4,262 shares of the company’s stock in a transaction that occurred on Wednesday, February 16th. The shares were sold at an average price of $137.25, for a total value of $584,959.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO K Christopher Farkas sold 435 shares of the company’s stock in a transaction that occurred on Tuesday, March 15th. The stock was sold at an average price of $144.66, for a total transaction of $62,927.10. The disclosure for this sale can be found here. Insiders sold a total of 24,335 shares of company stock valued at $3,566,091 in the last ninety days. Corporate insiders own 0.62% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Yousif Capital Management LLC lifted its position in shares of Curtiss-Wright by 0.5% during the 1st quarter. Yousif Capital Management LLC now owns 21,493 shares of the aerospace company’s stock worth $3,227,000 after buying an additional 97 shares during the last quarter. Meritage Portfolio Management raised its position in Curtiss-Wright by 5.4% in the 4th quarter. Meritage Portfolio Management now owns 1,911 shares of the aerospace company’s stock valued at $265,000 after purchasing an additional 98 shares during the last quarter. Miramar Capital LLC raised its position in Curtiss-Wright by 4.7% in the 3rd quarter. Miramar Capital LLC now owns 2,220 shares of the aerospace company’s stock valued at $280,000 after purchasing an additional 100 shares during the last quarter. Quantinno Capital Management LP raised its position in Curtiss-Wright by 1.7% in the 1st quarter. Quantinno Capital Management LP now owns 6,258 shares of the aerospace company’s stock valued at $940,000 after purchasing an additional 104 shares during the last quarter. Finally, US Bancorp DE raised its position in Curtiss-Wright by 2.2% in the 3rd quarter. US Bancorp DE now owns 4,823 shares of the aerospace company’s stock valued at $609,000 after purchasing an additional 105 shares during the last quarter. 81.61% of the stock is owned by institutional investors and hedge funds.

Curtiss-Wright Company Profile (Get Rating)

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services to the aerospace, defense, general industrial, and power generation markets worldwide. worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.

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