The stock of Curtiss-Wright Corp. (NYSE:CW) hit a new 52-week high and has $110.84 target or 9.00% above today’s $101.69 share price. The 6 months bullish chart indicates low risk for the $4.53 billion company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $110.84 price target is reached, the company will be worth $407.70 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 55,231 shares traded hands. Curtiss-Wright Corp. (NYSE:CW) has risen 31.36% since April 21, 2016 and is uptrending. It has outperformed by 26.03% the S&P500.
Analysts await Curtiss-Wright Corp. (NYSE:CW) to report earnings on February, 22. They expect $1.47 earnings per share, down 3.92% or $0.06 from last year’s $1.53 per share. CW’s profit will be $65.48 million for 17.29 P/E if the $1.47 EPS becomes a reality. After $1.02 actual earnings per share reported by Curtiss-Wright Corp. for the previous quarter, Wall Street now forecasts 44.12% EPS growth.
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 stock of Curtiss-Wright Corp. (NYSE:CW) earned “Buy” rating by CL King on Friday, October 16. The stock has “Neutral” rating given by Bank of America on Friday, November 11. The stock of Curtiss-Wright Corp. (NYSE:CW) earned “Buy” rating by Deutsche Bank on Friday, July 31. The firm has “Buy” rating given on Monday, June 13 by Deutsche Bank. The firm has “Neutral” rating given on Friday, November 11 by CL King.
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 decreased to 1.06 in Q2 2016. Its down 0.38, from 1.44 in 2016Q1. The ratio dropped, 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.
Blackrock Invest Management Lc, a New Jersey-based fund reported 283,817 shares. Ironbridge Capital Management Ltd Partnership has 164,824 shares for 0.61% of their US portfolio. Oakworth Capital has invested 0% of its portfolio in Curtiss-Wright Corp. (NYSE:CW). California State Teachers Retirement last reported 93,088 shares in the company. Gabelli Funds Limited Company last reported 1.12M shares in the company. American Century Inc has invested 0% of its portfolio in Curtiss-Wright Corp. (NYSE:CW). The Quebec – Canada-based Caisse De Depot Et Placement Du Quebec has invested 0.01% in Curtiss-Wright Corp. (NYSE:CW). Clinton Gru holds 0.06% of its portfolio in Curtiss-Wright Corp. (NYSE:CW) for 15,842 shares. Citigroup Incorporated, a New York-based fund reported 8,602 shares. The Florida-based Raymond James has invested 0.02% in Curtiss-Wright Corp. (NYSE:CW). Vanguard Group owns 3.01M shares or 0.02% of their US portfolio. Checchi Capital Advisers Limited Liability Corp, a California-based fund reported 434 shares. Blackrock Institutional Trust Commerce Na, a California-based fund reported 1.31M shares. Moreover, Twin Capital Management has 0.12% invested in Curtiss-Wright Corp. (NYSE:CW) for 19,090 shares. Credit Suisse Ag accumulated 0.01% or 65,115 shares.
Insider Transactions: Since May 24, 2016, the stock had 0 insider purchases, and 13 selling transactions for $10.83 million net activity. The insider TYNAN GLENN E sold 5,732 shares worth $556,713. Adams David Charles sold $2.46 million worth of Curtiss-Wright Corp. (NYSE:CW) on Wednesday, November 2. Quinly Tom P also sold $763,130 worth of Curtiss-Wright Corp. (NYSE:CW) shares. Another trade for 1,787 shares valued at $147,336 was made by Nathman John B on Tuesday, May 24. 8,356 shares with value of $817,541 were sold by FULLER S MARCE on Wednesday, November 16. Jakubowitz Harry sold $47,414 worth of stock. SIHLER WILLIAM W DR also sold $65,402 worth of Curtiss-Wright Corp. (NYSE:CW) shares.
More recent Curtiss-Wright Corp. (NYSE:CW) news were published by: Streetinsider.com which released: “Form 4 CURTISS WRIGHT CORP For: Nov 16 Filed by: FULLER S MARCE” on November 30, 2005. Also Nasdaq.com published the news titled: “Ex-Dividend Reminder: MKS Instruments, Curtiss-Wright and Matthews International” on November 21, 2016. Forbes.com‘s news article titled: “Ex-Dividend Reminder: Curtiss-Wright Corp., Roper Technologies and Encore Wire …” with publication date: October 03, 2016 was also an interesting one.
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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