The stock of Curtiss-Wright Corp. (NYSE:CW) hit a new 52-week high and has $109.98 target or 8.00% above today’s $101.83 share price. The 7 months bullish chart indicates low risk for the $4.46 billion company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $109.98 price target is reached, the company will be worth $356.80M 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 46,768 shares traded hands. Curtiss-Wright Corp. (NYSE:CW) has risen 30.26% since April 26, 2016 and is uptrending. It has outperformed by 25.00% the S&P500.
Analysts await Curtiss-Wright Corp. (NYSE:CW) to report earnings on February, 22. They expect $1.47 EPS, down 3.92% or $0.06 from last year’s $1.53 per share. CW’s profit will be $64.38M for 17.32 P/E if the $1.47 EPS becomes a reality. After $1.02 actual EPS 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. Deutsche Bank maintained the shares of CW in a report on Monday, June 13 with “Buy” rating. As per Friday, November 11, the company rating was downgraded by CL King. Bank of America downgraded Curtiss-Wright Corp. (NYSE:CW) on Friday, November 11 to “Neutral” rating. The rating was initiated by CL King on Friday, October 16 with “Buy”. On Friday, July 31 the stock rating was maintained by Deutsche Bank with “Buy”.
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 2016 Q2. Its down 0.38, from 1.44 in 2016Q1. The ratio worsened, 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.
Tfs Cap Limited holds 8,466 shares or 0.13% of its portfolio. Art Ltd Limited Liability Company, a New York-based fund reported 9,931 shares. Public Employees Retirement Association Of Colorado last reported 168,518 shares in the company. Reilly Financial Advsrs Limited Liability Com holds 0% or 34 shares in its portfolio. Da Davidson & Comm holds 55 shares or 0% of its portfolio. State Board Of Administration Of Florida Retirement Sys holds 0.01% or 33,734 shares in its portfolio. Highbridge Cap Mgmt Ltd Liability Corp last reported 3,389 shares in the company. Cantab Capital Prtn Limited Liability Partnership owns 6,449 shares or 0% of their US portfolio. Guggenheim Ltd Liability holds 0% or 4,337 shares in its portfolio. Fmr Llc reported 1.23M shares or 0.01% of all its holdings. Wells Fargo Mn owns 47,665 shares or 0% of their US portfolio. Moreover, Balyasny Asset Mngmt Ltd has 0% invested in Curtiss-Wright Corp. (NYSE:CW) for 7,490 shares. Deutsche Bancorporation Ag has invested 0.01% of its portfolio in Curtiss-Wright Corp. (NYSE:CW). Hutchin Hill Limited Partnership holds 0.04% or 15,200 shares in its portfolio. The Switzerland-based Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in Curtiss-Wright Corp. (NYSE:CW).
Insider Transactions: Since June 9, 2016, the stock had 0 insider purchases, and 13 insider sales for $10.83 million net activity. Ferdenzi Paul J sold $183,355 worth of stock. 797 shares were sold by SIHLER WILLIAM W DR, worth $65,402. The insider Quinly Tom P sold $1.87M. 5,000 shares were sold by Kozinski Allen, worth $436,000 on Thursday, June 9. FULLER S MARCE sold 8,356 shares worth $817,541. Adams David Charles sold $553,021 worth of Curtiss-Wright Corp. (NYSE:CW) on Monday, November 14. 5,732 shares were sold by TYNAN GLENN E, worth $556,713.
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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