Curtiss-Wright (CW) Rating Lowered to Hold at ValuEngine
Curtiss-Wright (NYSE:CW) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.
A number of other research firms also recently weighed in on CW. Zacks Investment Research downgraded Curtiss-Wright from a “buy” rating to a “hold” rating in a research report on Wednesday, September 26th. UBS Group began coverage on Curtiss-Wright in a research report on Wednesday, August 15th. They set a “neutral” rating and a $140.00 target price for the company. Finally, William Blair upgraded Curtiss-Wright from a “market perform” rating to an “outperform” rating and dropped their target price for the stock from $145.00 to $129.00 in a research report on Monday, July 2nd. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $137.78.
Shares of CW opened at $118.09 on Thursday. The company has a quick ratio of 1.42, a current ratio of 2.16 and a debt-to-equity ratio of 0.52. Curtiss-Wright has a 52-week low of $111.73 and a 52-week high of $143.38. The firm has a market capitalization of $6.04 billion, a price-to-earnings ratio of 23.76, a price-to-earnings-growth ratio of 1.76 and a beta of 1.20.
In related news, Director S Marce Fuller sold 1,250 shares of the company’s stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $133.07, for a total value of $166,337.50. Following the completion of the sale, the director now owns 11,734 shares in the company, valued at $1,561,443.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.87% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CW. Millennium Management LLC increased its holdings in Curtiss-Wright by 235.6% in the second quarter. Millennium Management LLC now owns 516,426 shares of the aerospace company’s stock valued at $61,465,000 after purchasing an additional 362,551 shares during the last quarter. Boston Partners grew its stake in Curtiss-Wright by 25.3% in the second quarter. Boston Partners now owns 1,552,436 shares of the aerospace company’s stock valued at $184,771,000 after acquiring an additional 313,643 shares during the period. Assenagon Asset Management S.A. acquired a new position in Curtiss-Wright in the second quarter valued at about $16,961,000. Paloma Partners Management Co grew its stake in Curtiss-Wright by 6,300.8% in the second quarter. Paloma Partners Management Co now owns 136,337 shares of the aerospace company’s stock valued at $16,226,000 after acquiring an additional 134,207 shares during the period. Finally, Wells Fargo & Company MN grew its stake in Curtiss-Wright by 12.0% in the second quarter. Wells Fargo & Company MN now owns 853,231 shares of the aerospace company’s stock valued at $101,551,000 after acquiring an additional 91,724 shares during the period. Institutional investors and hedge funds own 75.25% of the company’s stock.
Curtiss-Wright Corporation, together with its subsidiaries, designs, manufactures, and overhauls precision components, and engineered products and services primarily to the aerospace, defense, general industrial, and power generation markets worldwide. The company operates through three segments: Commercial/Industrial, Defense, and Power.
Read More: Risk Tolerance
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Curtiss-Wright Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Curtiss-Wright and related companies with MarketBeat.com's FREE daily email newsletter.