In a research report made public on Thursday, analysts from StockNews.com stated that they had concluded that they would begin following Curtiss-Wright.
The brokerage firm advised their customers to “buy” shares of the aerospace company from them so that they could make a profit.
On February 21, the most recent quarterly earnings report for Curtiss-Wright (NYSE: CW) was made public for investors to peruse.
The previous quarter’s earnings per share for the aerospace company came in at $2.92, $0.10 less than the average expectation of $3.02 per share.
As evidenced by their 11.51% net margin and 16.56% return on equity, Curtiss-Wright had a productive and successful performance.
The company’s sales for the quarter came in at $758 million, which is lower than the generally accepted forecast of $752.23 million that was made for the company’s sales.
The company made a profit of $2.40 per share during the same period the year before, which was the same period.
The company’s quarterly revenue increased by 13.6% when measured against the results achieved during the same quarter in the preceding year.
In the current fiscal year, equity research analysts anticipate that Curtiss-Wright will have earnings of $8.75 per share.
At the start of trading on Thursday, the NYSE CW set the opening price at $165.74.
The moving average price of the share has been $169.22 over the past 50 days, while the moving average price has been $163.72 over the past 200 days.
The debt-to-equity ratio comes in at 0.53, the quick ratio clocks in at 1.06, and the current ratio at 1.56.
The current price of Curtiss-Wright shares is 182.55, the same as the company’s all-time high and all-time low over the past 52 weeks.
The company’s market capitalization is currently valued at $6.34 billion, its price-to-earnings ratio is currently valued at 21.78, and its beta value is currently at 1.24.
CW has also been the subject of reports written by various other analysts recently, which can be found on their respective websites.
In a research note published on Thursday, February 23, Truist Financial upgraded Curtiss-Wright to a “buy” rating and increased their target price for the stock from $183.00 to $190.00.
These changes were made in response to the company’s recent earnings report.
This adjustment was made in response to recent activity on the market.
In a research note released on December 12, Morgan Stanley downgraded Curtiss-Wright from “overweight” to “equal weight.” The previous rating was “overweight.” Despite this, Morgan Stanley increased their price target for the stock within the same period, moving it from $187.00 to $188.00.
Most financial analysts have suggested that investors purchase the stock, and only one has suggested that investors keep the same holdings they already have.
The current consensus recommendation for Curtiss-Wright is “Moderate Buy,” The average price target is $179.80, according to the data that Bloomberg provided.
On February 15, Chief Operating Officer Kevin Rayment made a transaction in which he sold 1,751 shares of the company’s stock.
This is another development about Curtiss-Wright.
The stock was bought and sold for a total value of $296,584.38, with the average price per share being $169.38.
This resulted in the accumulation of cash. Following the completion of the transaction, the chief operating officer will have a total of 15,154 company shares, which will currently have a value of approximately 2,566,784.52 dollars.
If you follow this link, you will be taken to the filing submitted to the Securities and Exchange Commission, where the transaction was discussed, and it will take you there immediately.
According to a press release issued by Curtiss-Wright, Chief Executive Officer Lynn M.
Bamford sold 2,223 shares of the company’s stock on February 15.
This information was provided by the press release issued by the company.
The shares were acquired for a total cost of $376,620.66, which works out to a price of $169.42 per share on an average basis.
As a result of the successful completion of the transaction, the CEO now owns 17,356 company shares, which have an approximate value of $2,940,453.52 each.
Additional information regarding the transaction can be found in a document sent to the SEC and is now available online.
Additionally, on February 15, Chief Operating Officer Kevin Rayment sold 1,751 shares of Curtiss-Wright stock.
The stock was bought and sold for a total value of $296,584.38, with the average price per share being $169.38.
This resulted in the accumulation of cash.
As a consequence of the sale, the chief operating officer now has ownership of 15,154 shares of the company.
The total value of these shares is approximately $2,566,784.52, so the COO has benefited significantly from the transaction.
Disclosures related to the sale might be found in this website section.
Insiders of the company sold 6,061 shares of stock during the most recent quarter for a total price of $1,027,287.
Business insiders on the total number of shares owned by the company to the extent of 0.62%.
Recently, several prominent investors have been involved in transactions involving buying and selling company shares.
These transactions have taken place in recent times.
During the third quarter, MML Investment Services LLC increased the percentage of Curtiss-Wright stock owned by 2.6%.
MML Investments Services LLC has raised the number of shares it owns in the aerospace company by 61, bringing the total number of shares it owns to 2,409, with a market value of $335,000.
During the third quarter of 2018, Pathstone Family Office LLC increased the number of shares Curtiss-Wright owned by 2.6%. Following acquiring an additional 63 shares of the aerospace company’s stock throughout the quarter, Pathstone Family Office LLC is now the proud owner of 2,505 shares.
It is currently estimated that the value of these shares is $348,000 in total.
The Oregon Public Employees Retirement Fund increased the amount of Curtiss-Wright stock owned by 0.6% over the fourth quarter. Following the acquisition of an additional 70 shares during the most recent trading session, the Oregon Public Employees Retirement Fund now holds 11,286 shares of the aerospace company’s stock.
This gives the fund a holdings total equivalent to the current market value of $1,885,000. First Republic Investment Management INC raised the amount of Curtiss-Wright stock owned by 1.2% during the third quarter. First Republic Investment Management INC has recently owned 6,967 shares in an aerospace company.
The value of these shares is currently $969,000.
This is a direct result of the recent purchase of 83 additional shares during the preceding quarter.
The State of Alaska Department of Revenue increased its holdings in Curtiss-Wright by 0.3% during the final three months of 2018, bringing the total value of its holdings to 0.7%.
This was accomplished by purchasing additional shares of the company. Following the acquisition of an additional 85 shares of the aerospace company’s stock during the most recent fiscal quarter, the Department of Revenue for the State of Alaska now possesses 31,405 shares of that company’s stock.
The stock has an estimated market value of $5,243,000.
Institutional investors and hedge funds collectively own 84.95 percent of the total number of shares issued by the company.