Stock of The Day: What Next for Curtiss-Wright Corp. Stock After Touching 52-Week High?

Stock of The Day: What Next for Curtiss Wright Corp. Stock After Touching 52 Week High?

The stock of Curtiss-Wright Corp. (NYSE:CW) hit a new 52-week high and has $138.08 target or 48.00% above today’s $93.30 share price. The 9 months bullish chart indicates low risk for the $4.12B company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $138.08 price target is reached, the company will be worth $1.98 billion 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 254,883 shares traded hands or 2.31% up from the average. Curtiss-Wright Corp. (NYSE:CW) has risen 16.75% since April 7, 2016 and is uptrending. It has outperformed by 11.96% the S&P500.

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

Out of 2 analysts covering Curtiss-Wright (NYSE:CW), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Curtiss-Wright has been the topic of 3 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 of Curtiss-Wright Corp. (NYSE:CW) has “Buy” rating given on Friday, July 31 by Deutsche Bank. On Monday, June 13 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 increased to 1.44 in 2016 Q2. Its up 0.03, from 1.41 in 2016Q1. The ratio is positive, 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.
Fayez Sarofim And, a Texas-based fund reported 123,248 shares. Morgan Stanley accumulated 0% or 131,508 shares. Price T Rowe Assoc Incorporated Md, a Maryland-based fund reported 13,538 shares. Oppenheimer & Company Inc, a New York-based fund reported 6,833 shares. Teachers Retirement Sys Of The State Of Kentucky last reported 11,300 shares in the company. Moreover, Proshare Ltd Llc has 0.01% invested in Curtiss-Wright Corp. (NYSE:CW) for 9,409 shares. Principal Gru has 169,754 shares for 0.02% of their US portfolio. The British Columbia – Canada-based Pacad Invest Limited has invested 0.07% in Curtiss-Wright Corp. (NYSE:CW). Advsrs Asset Management Inc last reported 16,569 shares in the company. Swiss Natl Bank last reported 70,500 shares in the company. Louisiana State Employees Retirement System last reported 0.05% of its portfolio in the stock. Zurcher Kantonalbank (Zurich Cantonalbank) holds 1,357 shares or 0% of its portfolio. Los Angeles Cap Mgmt & Equity reported 9,675 shares or 0.01% of all its holdings. Reilly Advsrs Ltd Liability last reported 34 shares in the company. Liberty Mutual Asset owns 19,330 shares or 0.06% of their US portfolio.

Insider Transactions: Since May 11, 2016, the stock had 0 insider purchases, and 10 selling transactions for $9.91 million net activity. 30,077 shares were sold by Quinly Tom P, worth $2.45 million on Thursday, May 12. Kozinski Allen also sold $436,000 worth of Curtiss-Wright Corp. (NYSE:CW) on Thursday, June 9. 797 Curtiss-Wright Corp. (NYSE:CW) shares with value of $65,402 were sold by SIHLER WILLIAM W DR. 6,000 shares were sold by Nathman John B, worth $544,631 on Friday, September 2. TYNAN GLENN E had sold 10,246 shares worth $831,463. On Thursday, October 13 the insider Adams David Charles sold $2.21M. On Monday, May 16 the insider Jakubowitz Harry sold $240,378.

Another recent and important Curtiss-Wright Corp. (NYSE:CW) news was published by Forbes.com which published an article titled: “Ex-Dividend Reminder: Curtiss-Wright Corp., Roper Technologies and Encore Wire …” on October 03, 2016.

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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