What’s Ahead for Curtiss-Wright Corporation (CW) After Making Record High?

April 17, 2018 - By Migdalia James

Curtiss-Wright Corporation (NYSE:CW) Logo

Investors sentiment increased to 1.31 in 2017 Q4. Its up 0.07, from 1.24 in 2017Q3. It is positive, as 5 investors sold Curtiss-Wright Corporation shares while 84 reduced holdings. 48 funds opened positions while 69 raised stakes. 33.56 million shares or 2.16% more from 32.85 million shares in 2017Q3 were reported.
Systematic Financial L P holds 0.16% or 66,550 shares. Massachusetts-based Adage Capital Partners Grp Limited Liability has invested 0.11% in Curtiss-Wright Corporation (NYSE:CW). Alps Inc stated it has 2,342 shares or 0% of all its holdings. Ahl Prns Ltd Liability Partnership has 77,547 shares for 0.15% of their portfolio. Texas Permanent School Fund holds 29,829 shares. Royal National Bank & Trust Of Canada invested in 0% or 1,966 shares. Prudential Public Ltd Co stated it has 0% in Curtiss-Wright Corporation (NYSE:CW). Prudential Financial holds 0.08% or 471,842 shares in its portfolio. Moreover, Point72 Asia (Hong Kong) Ltd has 0% invested in Curtiss-Wright Corporation (NYSE:CW). Burney reported 2,240 shares. 2,446 are owned by Raymond James Financial Advsrs. First Trust Advsr Lp invested in 11,241 shares or 0% of the stock. Smith Asset Mngmt Group Ltd Partnership reported 0.06% of its portfolio in Curtiss-Wright Corporation (NYSE:CW). Ls Invest Advsrs Ltd Liability Corporation holds 0.02% in Curtiss-Wright Corporation (NYSE:CW) or 2,797 shares. Qs Lc invested 0.05% in Curtiss-Wright Corporation (NYSE:CW).

Since October 26, 2017, it had 5 buys, and 5 insider sales for $3.13 million activity. 17,414 shares valued at $2.35 million were sold by Adams David Charles on Wednesday, March 7. $21,189 worth of Curtiss-Wright Corporation (NYSE:CW) was bought by Quinly Tom P. 67 shares valued at $6,993 were bought by Jakubowitz Harry on Tuesday, January 9. Ferdenzi Paul J also sold $304,865 worth of Curtiss-Wright Corporation (NYSE:CW) on Thursday, October 26. On Monday, January 8 the insider Heise Rita J. bought $22,698. 1,300 shares were sold by Nathman John B, worth $152,462 on Monday, October 30.

The stock of Curtiss-Wright Corporation (NYSE:CW) reached all time high today, Apr, 17 and still has $154.62 target or 9.00 % above today’s $141.85 share price. This indicates more upside for the $6.28 billion company. This technical setup was reported by Barchart.com. If the $154.62 PT is reached, the company will be worth $564.84 million 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.

The stock increased 1.71% or $2.38 during the last trading session, reaching $141.85. About 56,471 shares traded. Curtiss-Wright Corporation (NYSE:CW) has risen 47.95% since April 17, 2017 and is uptrending. It has outperformed by 36.40% the S&P500.

Analysts await Curtiss-Wright Corporation (NYSE:CW) to report earnings on May, 2. They expect $0.92 earnings per share, up 43.75 % or $0.28 from last year’s $0.64 per share. CW’s profit will be $40.70M for 38.55 P/E if the $0.92 EPS becomes a reality. After $1.75 actual earnings per share reported by Curtiss-Wright Corporation for the previous quarter, Wall Street now forecasts -47.43 % negative EPS growth.

Curtiss-Wright Corporation (NYSE:CW) Ratings Coverage

Among 6 analysts covering Curtiss-Wright (NYSE:CW), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Curtiss-Wright had 13 analyst reports since October 18, 2017 according to SRatingsIntel. The stock of Curtiss-Wright Corporation (NYSE:CW) earned “Hold” rating by Stifel Nicolaus on Friday, February 23. The stock of Curtiss-Wright Corporation (NYSE:CW) earned “Buy” rating by Seaport Global on Monday, February 26. As per Tuesday, January 16, the company rating was maintained by Stifel Nicolaus. Stifel Nicolaus maintained the stock with “Hold” rating in Friday, October 27 report. On Sunday, December 10 the stock rating was maintained by Stifel Nicolaus with “Hold”. The firm has “Buy” rating by SunTrust given on Thursday, October 26. The rating was upgraded by Wells Fargo to “Outperform” on Tuesday, January 16. On Friday, October 27 the stock rating was maintained by Wells Fargo with “Market Perform”. The rating was maintained by SunTrust on Wednesday, October 18 with “Buy”. On Monday, October 30 the stock rating was upgraded by Bank of America to “Buy”.

Curtiss-Wright Corporation, together with its subsidiaries, designs, makes, and overhauls precision components, and engineered services and products primarily to the aerospace, defense, power generation, and general industrial markets worldwide. The company has market cap of $6.28 billion. The firm operates through three divisions: Commercial/Industrial, Defense, and Power. It has a 29.55 P/E ratio. The Commercial/Industrial segment offers industrial vehicle products, such as electronic throttle control devices and transmission shifters; sensors, controls and electro-mechanical actuation components, and utility systems used in commercial aircrafts; valves primarily to the industrial and naval defense markets; and surface technology services, including shot peening, laser peening, coatings, and advanced testing.

Curtiss-Wright Corporation (NYSE:CW) Institutional Positions Chart

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