Exclusive: Time to Reconsider Curtiss-Wright Corp. After Achieving All Time High?

Exclusive: Time to Reconsider Curtiss Wright Corp. After Achieving All Time High?

The stock of Curtiss-Wright Corp. (NYSE:CW) reached all time high today, Nov, 14 and still has $143.07 target or 48.00% above today’s $96.67 share price. This indicates more upside for the $4.27B company. This technical setup was reported by Barchart.com. If the $143.07 PT is reached, the company will be worth $2.05 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 210,716 shares traded hands. Curtiss-Wright Corp. (NYSE:CW) has risen 25.46% since April 12, 2016 and is uptrending. It has outperformed by 20.47% the S&P500.

Curtiss-Wright Corp. (NYSE:CW) Ratings Coverage

Out of 3 analysts covering Curtiss-Wright (NYSE:CW), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Curtiss-Wright has been the topic of 5 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Friday, November 11 by Bank of America. CL King downgraded Curtiss-Wright Corp. (NYSE:CW) on Friday, November 11 to “Neutral” rating. The rating was initiated by CL King with “Buy” on Friday, October 16. The firm has “Buy” rating by Deutsche Bank given on Friday, July 31. Deutsche Bank maintained the shares of CW in a report on Monday, June 13 with “Buy” rating.

According to Zacks Investment Research, “CURTISS-WRIGHT CORP. produces precision components for the aerospace, industrial and marine companies. Aerospace components consist of control and actuation systems. Co. also provides shot-perring & heat treating for industrial markets and the target rock subsidiary produces engineered valves for the United States Navy.”

Insitutional Activity: The institutional sentiment increased to 1.44 in 2016 Q2. Its up 0.03, from 1.41 in 2016Q1. The ratio increased, as 17 funds sold all Curtiss-Wright Corp. shares owned while 65 reduced positions. 41 funds bought stakes while 77 increased positions. They now own 33.76 million shares or 3.77% less from 35.08 million shares in 2016Q1.
Ahl Llp has 0.1% invested in the company for 22,150 shares. Duncker Streett reported 800 shares or 0.02% of all its holdings. Zwj Counsel Inc has invested 1.34% of its portfolio in Curtiss-Wright Corp. (NYSE:CW). Moreover, State Board Of Administration Of Florida Retirement Sys has 0.01% invested in Curtiss-Wright Corp. (NYSE:CW) for 33,734 shares. Gray Finance Grp Inc Ga Adv Adv, a Georgia-based fund reported 4,160 shares. Legal And General Public Ltd Company, a United Kingdom-based fund reported 24,222 shares. Tower Rech Capital Ltd Llc (Trc) accumulated 0.03% or 3,587 shares. Tudor Inv Corp Et Al, a Connecticut-based fund reported 2,395 shares. State Treasurer State Of Michigan has 17,900 shares for 0.01% of their US portfolio. Susquehanna Gru Ltd Liability Partnership holds 0% of its portfolio in Curtiss-Wright Corp. (NYSE:CW) for 52,000 shares. Profund Advsr Llc last reported 0.03% of its portfolio in the stock. Bnp Paribas Arbitrage owns 20,471 shares or 0.01% of their US portfolio. The Switzerland-based Credit Suisse Ag has invested 0.01% in Curtiss-Wright Corp. (NYSE:CW). Moreover, Advsrs Asset Mngmt has 0.02% invested in Curtiss-Wright Corp. (NYSE:CW) for 16,569 shares. Blackrock Fund Advsr owns 2.40 million shares or 0.04% of their US portfolio.

Insider Transactions: Since May 16, 2016, the stock had 0 buys, and 9 insider sales for $9.66 million net activity. 2,944 Curtiss-Wright Corp. (NYSE:CW) shares with value of $240,378 were sold by Jakubowitz Harry. Shares for $1.17 million were sold by Adams David Charles. 6,000 Curtiss-Wright Corp. (NYSE:CW) shares with value of $544,631 were sold by Nathman John B. 8,500 shares were sold by Quinly Tom P, worth $763,130. Shares for $65,402 were sold by SIHLER WILLIAM W DR on Tuesday, July 5. Kozinski Allen had sold 5,000 shares worth $436,000.

Another recent and important Curtiss-Wright Corp. (NYSE:CW) news was published by Forbes.com which published an article titled: “Ex-Dividend Reminder: Curtiss-Wright Corp., Roper Technologies and Encore Wire …” on October 03, 2016.

CW Company Profile

Curtiss-Wright Corporation, incorporated on August 9, 1929, is a well-known provider of engineered services and products to the commercial, defense, energy and industrial markets. The Firm operates through three divisions: Commercial/Industrial, Defense and Power. The Company’s manufacturing facilities are located in the United States in New York, Ohio, and Pennsylvania, and internationally in Canada and the United Kingdom. The Firm has approximately 180 facilities, including over four corporate and shared-services facilities. The Firm supplies its services and products to original equipment manufacturers (OEMs) and aftermarket industrial customers, including the transportation, commercial trucking, off-road equipment, agriculture, construction, automotive, chemical and gas and oil industries. It also produces valves for the power and process industries.

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