Could Curtiss-Wright Corp. (CW) Skyrocket Even More? The Stock Just Made 52-Week High

October 12, 2017 - By Henry Gaston

Investors sentiment decreased to 0.88 in Q2 2017. Its down 0.56, from 1.44 in 2017Q1. It is negative, as 36 investors sold Curtiss-Wright Corp. shares while 77 reduced holdings. 25 funds opened positions while 75 raised stakes. 33.16 million shares or 1.83% less from 33.78 million shares in 2017Q1 were reported.
Mufg Americas Corp holds 832 shares or 0% of its portfolio. Guggenheim Capital Ltd Com has 0.01% invested in Curtiss-Wright Corp. (NYSE:CW) for 56,416 shares. Winslow Evans And Crocker Inc reported 37 shares stake. Pacad Investment reported 2,000 shares. Martingale Asset Mgmt L P holds 0.09% or 70,922 shares in its portfolio. Parkside Bancorp Trust stated it has 181 shares or 0.01% of all its holdings. The Missouri-based Century has invested 0.01% in Curtiss-Wright Corp. (NYSE:CW). 5,586 were accumulated by Advantus Cap. 5,000 were reported by Gabelli & Commerce Inv Advisers. Hartline Investment Corp has 0.17% invested in Curtiss-Wright Corp. (NYSE:CW) for 5,746 shares. World Asset Mgmt Inc holds 0.01% or 2,749 shares in its portfolio. Bessemer Grp Incorporated holds 30,178 shares or 0.01% of its portfolio. Comerica Savings Bank has invested 0.03% of its portfolio in Curtiss-Wright Corp. (NYSE:CW). Ameriprise stated it has 346,525 shares. Systematic Mngmt Limited Partnership invested 0.11% in Curtiss-Wright Corp. (NYSE:CW).

Since June 7, 2017, it had 0 insider purchases, and 1 insider sale for $117,840 activity.

The stock of Curtiss-Wright Corp. (NYSE:CW) hit a new 52-week high and has $118.46 target or 6.00 % above today’s $111.75 share price. The 9 months bullish chart indicates low risk for the $4.95 billion company. The 1-year high was reported on Oct, 12 by Barchart.com. If the $118.46 price target is reached, the company will be worth $297.00M 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 34,317 shares traded. Curtiss-Wright Corp. (NYSE:CW) has risen 4.96% since October 12, 2016 and is uptrending. It has underperformed by 11.74% the S&P500.

Wall Street await Curtiss-Wright Corp. (NYSE:CW) to release earnings on October, 25. Analysts forecast EPS of $1.22, up exactly $0.20 or 19.61 % from 2014’s $1.02 EPS. The expected CW’s profit could reach $54.04M giving the stock 22.90 P/E in the case that $1.22 earnings per share is reported. After posting $1.13 EPS for the previous quarter, Curtiss-Wright Corp.’s analysts now forecast 7.96 % EPS growth.

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

Among 6 analysts covering Curtiss-Wright (NYSE:CW), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Curtiss-Wright had 12 analyst reports since July 31, 2015 according to SRatingsIntel. As per Monday, June 5, the company rating was upgraded by Suntrust Robinson. The stock of Curtiss-Wright Corp. (NYSE:CW) has “Hold” rating given on Thursday, January 19 by Suntrust Robinson. The company was downgraded on Friday, November 11 by CL King. The rating was initiated by Stifel Nicolaus on Monday, September 18 with “Hold”. The stock of Curtiss-Wright Corp. (NYSE:CW) earned “Buy” rating by SunTrust on Monday, June 5. Deutsche Bank maintained the shares of CW in report on Monday, December 5 with “Buy” rating. The stock of Curtiss-Wright Corp. (NYSE:CW) earned “Neutral” rating by Bank of America on Friday, November 11. Deutsche Bank maintained it with “Buy” rating and $95 target in Monday, June 13 report. The firm has “Hold” rating by SunTrust given on Thursday, January 19. Deutsche Bank maintained it with “Buy” rating and $125.0 target in Friday, October 6 report.

More important recent Curtiss-Wright Corp. (NYSE:CW) news were published by: Nasdaq.com which released: “CW Crosses Above Average Analyst Target” on September 28, 2017, also Nasdaq.com published article titled: “Ex-Dividend Reminder: Curtiss-Wright, Roper Technologies and Encore Wire”, Businesswire.com published: “Curtiss-Wright to Present at Baird 2017 Global Industrial Conference” on October 09, 2017. More interesting news about Curtiss-Wright Corp. (NYSE:CW) was released by: Nasdaq.com and their article: “Curtiss-Wright Corporation (CW) Ex-Dividend Date Scheduled for October 05, 2017” with publication date: October 04, 2017.

Curtiss-Wright Corporation is a manufacturing and service firm that designs, makes, and overhauls precision components and provides engineered services and products to the aerospace, defense, power generation and general industrial markets. The company has market cap of $4.95 billion. The Firm operates through three divisions: Commercial/Industrial, Defense and Power. It has a 25.09 P/E ratio. The Commercial/Industrial segment’s products include electronic throttle control devices and transmission shifters, electro-mechanical actuation control components, valves, and surface technology services.

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