Today’s Market Runner: Curtiss-Wright Corp. Just Reaches 52-Week High?

Today's Market Runner: Curtiss Wright Corp. Just Reaches 52 Week High?

The stock of Curtiss-Wright Corp. (NYSE:CW) hit a new 52-week high and has $122.08 target or 23.00% above today’s $99.25 share price. The 8 months bullish chart indicates low risk for the $4.43 billion company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $122.08 price target is reached, the company will be worth $1.02B 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 84,188 shares traded hands. Curtiss-Wright Corp. (NYSE:CW) has risen 28.36% since April 15, 2016 and is uptrending. It has outperformed by 23.73% the S&P500.

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. The rating was downgraded by Bank of America to “Neutral” on Friday, November 11. The firm has “Neutral” rating given on Friday, November 11 by CL King. On Monday, June 13 the stock rating was maintained by Deutsche Bank with “Buy”. Deutsche Bank maintained Curtiss-Wright Corp. (NYSE:CW) rating on Friday, July 31. Deutsche Bank has “Buy” rating and $80 price target. The company was initiated on Friday, October 16 by CL King.

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 Q2 2016. Its up 0.03, from 1.41 in 2016Q1. The ratio increased, 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.
State Board Of Administration Of Florida Retirement Sys holds 0.01% of its portfolio in Curtiss-Wright Corp. (NYSE:CW) for 33,734 shares. Northcoast Asset Mgmt Ltd holds 0.05% or 9,095 shares in its portfolio. Pacad Investment accumulated 0.07% or 5,850 shares. Eam Invsts Ltd Liability Corp owns 37,653 shares or 0.48% of their US portfolio. Fayez Sarofim And holds 0.06% or 123,248 shares in its portfolio. Deutsche Bancorporation Ag last reported 157,044 shares in the company. Goldman Sachs, a New York-based fund reported 1.01 million shares. Ny State Common Retirement Fund holds 0.01% of its portfolio in Curtiss-Wright Corp. (NYSE:CW) for 80,407 shares. Alliancebernstein L P has 76,150 shares for 0.01% of their US portfolio. Mufg Americas has 602 shares for 0% of their US portfolio. Barclays Public Limited Com holds 3,616 shares or 0% of its portfolio. Teacher Retirement System Of Texas owns 6,078 shares or 0% of their US portfolio. Wellington Management Grp Incorporated Ltd Liability Partnership has 0.02% invested in the company for 718,423 shares. Jpmorgan Chase And holds 0.01% or 685,971 shares in its portfolio. State Bank Of Montreal Can accumulated 0% or 2,013 shares.

Insider Transactions: Since May 24, 2016, the stock had 0 insider buys, and 15 selling transactions for $12.15 million net activity. The insider Nathman John B sold 6,000 shares worth $544,631. The insider Adams David Charles sold $2.46M. $1.87M worth of Curtiss-Wright Corp. (NYSE:CW) was sold by Quinly Tom P on Monday, June 13. $47,414 worth of Curtiss-Wright Corp. (NYSE:CW) was sold by Jakubowitz Harry on Monday, November 14. 5,732 Curtiss-Wright Corp. (NYSE:CW) shares with value of $556,713 were sold by TYNAN GLENN E. The insider FULLER S MARCE sold 8,356 shares worth $817,541. SIHLER WILLIAM W DR also sold $65,402 worth of Curtiss-Wright Corp. (NYSE:CW) on Tuesday, July 5.

More news for Curtiss-Wright Corp. (NYSE:CW) were recently published by: Streetinsider.com, which released: “Form 4 CURTISS WRIGHT CORP For: Nov 16 Filed by: FULLER S MARCE” on November 16, 2016. Forbes.com‘s article titled: “Ex-Dividend Reminder: Curtiss-Wright Corp., Roper Technologies and Encore Wire …” and published on October 03, 2016 is yet another important article.

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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