Curtiss-Wright (NYSE:CW) Stock Rating Lowered by Wall Street Zen

Curtiss-Wright (NYSE:CW) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

A number of other equities research analysts have also recently commented on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $625.00 target price on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Citigroup started coverage on Curtiss-Wright in a report on Thursday. They issued a “neutral” rating and a $607.00 price objective on the stock. Morgan Stanley upped their target price on Curtiss-Wright from $565.00 to $645.00 and gave the stock an “overweight” rating in a research note on Monday, November 10th. Truist Financial lifted their price target on shares of Curtiss-Wright from $525.00 to $537.00 and gave the company a “hold” rating in a research note on Friday, November 7th. Finally, Stifel Nicolaus boosted their price target on shares of Curtiss-Wright from $457.00 to $502.00 and gave the stock a “hold” rating in a report on Monday, October 20th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and a consensus price target of $569.33.

Curtiss-Wright Price Performance

NYSE:CW opened at $544.83 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.75 and a quick ratio of 1.17. The company has a 50 day moving average price of $559.71 and a 200-day moving average price of $512.71. Curtiss-Wright has a 1-year low of $266.88 and a 1-year high of $612.28. The firm has a market cap of $20.09 billion, a price-to-earnings ratio of 44.40, a price-to-earnings-growth ratio of 2.87 and a beta of 0.93.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Thursday, November 6th. The aerospace company reported $3.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.28 by $0.12. Curtiss-Wright had a net margin of 13.78% and a return on equity of 18.82%. The firm had revenue of $869.00 million for the quarter, compared to the consensus estimate of $869.03 million. During the same period in the prior year, the firm posted $2.89 earnings per share. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. Equities research analysts forecast that Curtiss-Wright will post 12.32 EPS for the current year.

Institutional Investors Weigh In On Curtiss-Wright

Several institutional investors and hedge funds have recently added to or reduced their stakes in CW. State Street Corp raised its position in shares of Curtiss-Wright by 1.2% in the third quarter. State Street Corp now owns 1,436,161 shares of the aerospace company’s stock valued at $780,091,000 after buying an additional 16,962 shares during the last quarter. TD Asset Management Inc grew its stake in Curtiss-Wright by 0.3% during the 3rd quarter. TD Asset Management Inc now owns 791,531 shares of the aerospace company’s stock valued at $429,754,000 after acquiring an additional 2,153 shares in the last quarter. Van ECK Associates Corp raised its holdings in Curtiss-Wright by 5.3% in the 3rd quarter. Van ECK Associates Corp now owns 740,033 shares of the aerospace company’s stock valued at $401,794,000 after acquiring an additional 37,069 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Curtiss-Wright by 31.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 728,745 shares of the aerospace company’s stock worth $395,665,000 after purchasing an additional 174,592 shares in the last quarter. Finally, Norges Bank purchased a new position in Curtiss-Wright in the 2nd quarter worth approximately $241,537,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

About Curtiss-Wright

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