Zacks Investment Research lowered shares of Curtiss-Wright Corporation (NYSE:CW) from a hold rating to a sell rating in a research note published on Monday.

According to Zacks, “Curtiss-Wright Corporation ( CW ) is a manufacturing and service company that designs, manufactures, and overhauls precision components and provides engineered products and services to the aerospace, defense, power generation and general industrial markets. The Company operates through three segments: Commercial/Industrial, Defense and Power. The Commercial/Industrial segment’s products include electronic throttle control devices and transmission shifters, electro-mechanical actuation control components, valves, and surface technology services. The Defense segment’s products include commercial off-the-shelf (COTS) embedded computing board level modules, turret aiming and stabilization products, weapons handling systems, avionics and electronics, flight test equipment, and aircraft data management solutions. The Power segment’s products include a range of hardware, pumps, valves, fastening systems, specialized containment doors, airlock hatches and spent fuel management products. “

A number of other research analysts have also weighed in on the stock. Stifel Nicolaus began coverage on shares of Curtiss-Wright Corporation in a research report on Monday, September 18th. They set a hold rating and a $100.00 price target on the stock. BidaskClub raised shares of Curtiss-Wright Corporation from a sell rating to a hold rating in a research report on Tuesday, August 8th. Finally, SunTrust Banks, Inc. raised shares of Curtiss-Wright Corporation from a hold rating to a buy rating and raised their price target for the company from $103.00 to $112.00 in a research report on Monday, June 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $107.40.

Curtiss-Wright Corporation (NYSE:CW) traded up 0.55% on Monday, hitting $105.95. 11,092 shares of the stock traded hands. The stock has a 50 day moving average of $99.39 and a 200 day moving average of $93.73. The firm has a market capitalization of $4.68 billion, a PE ratio of 24.04 and a beta of 1.25. Curtiss-Wright Corporation has a 52 week low of $82.77 and a 52 week high of $107.61.

Curtiss-Wright Corporation (NYSE:CW) last released its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.16. Curtiss-Wright Corporation had a net margin of 9.14% and a return on equity of 14.79%. The company had revenue of $567.70 million for the quarter, compared to analyst estimates of $546.73 million. During the same period last year, the firm earned $0.88 earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis. Equities research analysts anticipate that Curtiss-Wright Corporation will post $4.54 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “Curtiss-Wright Corporation (CW) Cut to “Sell” at Zacks Investment Research” was originally reported by Marea Informative and is the property of of Marea Informative. If you are viewing this report on another website, it was copied illegally and republished in violation of international trademark and copyright laws. The legal version of this report can be read at http://www.mareainformativa.com/curtiss-wright-corporation-cw-cut-to-sell-at-zacks-investment-research/116892/.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, October 6th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Thursday, October 5th. This is an increase from Curtiss-Wright Corporation’s previous quarterly dividend of $0.13. Curtiss-Wright Corporation’s dividend payout ratio (DPR) is 11.79%.

In other news, VP Paul J. Ferdenzi sold 6,907 shares of Curtiss-Wright Corporation stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $106.18, for a total value of $733,385.26. Following the completion of the transaction, the vice president now owns 19,467 shares in the company, valued at $2,067,006.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director S Marce Fuller sold 1,300 shares of Curtiss-Wright Corporation stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $96.16, for a total transaction of $125,008.00. Following the completion of the transaction, the director now owns 14,960 shares of the company’s stock, valued at approximately $1,438,553.60. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of CW. World Asset Management Inc increased its stake in shares of Curtiss-Wright Corporation by 1.8% in the first quarter. World Asset Management Inc now owns 2,716 shares of the aerospace company’s stock worth $248,000 after purchasing an additional 49 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of Curtiss-Wright Corporation by 29.5% in the first quarter. UBS Asset Management Americas Inc. now owns 26,329 shares of the aerospace company’s stock worth $2,403,000 after purchasing an additional 5,991 shares in the last quarter. Karp Capital Management Corp purchased a new position in shares of Curtiss-Wright Corporation in the first quarter worth about $1,148,000. TD Asset Management Inc. purchased a new position in shares of Curtiss-Wright Corporation in the first quarter worth about $292,000. Finally, Parametric Portfolio Associates LLC increased its stake in shares of Curtiss-Wright Corporation by 28.0% in the first quarter. Parametric Portfolio Associates LLC now owns 84,855 shares of the aerospace company’s stock worth $7,744,000 after purchasing an additional 18,576 shares in the last quarter. Hedge funds and other institutional investors own 76.18% of the company’s stock.

About Curtiss-Wright Corporation

Curtiss-Wright Corporation is a manufacturing and service company that designs, manufactures, and overhauls precision components and provides engineered products and services to the aerospace, defense, power generation and general industrial markets. The Company operates through three segments: Commercial/Industrial, Defense and Power.

Get a free copy of the Zacks research report on Curtiss-Wright Corporation (CW)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Curtiss-Wright Corporation (NYSE:CW)

Receive News & Stock Ratings for Curtiss-Wright Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Curtiss-Wright Corporation and related stocks with our FREE daily email newsletter.