Notable Runner: Time to Reconsider Curtiss-Wright Corp. After Making Record High?

Notable Runner: Time to Reconsider Curtiss Wright Corp. After Making Record High?

The stock of Curtiss-Wright Corp. (NYSE:CW) reached all time high today, Nov, 21 and still has $155.50 target or 55.00% above today’s $100.32 share price. This indicates more upside for the $4.45B company. This technical setup was reported by Barchart.com. If the $155.50 PT is reached, the company will be worth $2.45B 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 0.99% or $0.98 during the last trading session, hitting $100.32. About 161,983 shares traded hands. Curtiss-Wright Corp. (NYSE:CW) has risen 28.46% since April 19, 2016 and is uptrending. It has outperformed by 24.60% 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 firm earned “Buy” rating on Friday, October 16 by CL King. On Friday, November 11 the stock rating was downgraded by Bank of America to “Neutral”. As per Monday, June 13, the company rating was maintained by Deutsche Bank. The rating was maintained by Deutsche Bank on Friday, July 31 with “Buy”. The stock has “Neutral” rating given by CL King on Friday, November 11.

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 decreased to 1.06 in 2016 Q2. Its down 0.38, from 1.44 in 2016Q1. The ratio worsened, 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.
Invesco Limited accumulated 172,069 shares or 0.01% of the stock. Solaris Asset Lc holds 755 shares or 0.05% of its portfolio. Fmr Limited Co has 1.23M shares for 0.01% of their US portfolio. Ameritas Investment Ptnrs Incorporated, a Nebraska-based fund reported 10,476 shares. Credit Suisse Ag, a Switzerland-based fund reported 65,115 shares. Princeton Alpha L P accumulated 3,154 shares or 0.05% of the stock. Moreover, Advisors Asset has 0.02% invested in Curtiss-Wright Corp. (NYSE:CW) for 16,569 shares. Winfield Assocs last reported 200 shares in the company. Allianz Asset Management Ag has invested 0% of its portfolio in Curtiss-Wright Corp. (NYSE:CW). Dimensional Fund L P last reported 0.11% of its portfolio in the stock. Bank & Trust Of Montreal Can has invested 0% of its portfolio in Curtiss-Wright Corp. (NYSE:CW). Northcoast Asset Mgmt Ltd Liability Corporation holds 0.05% or 9,095 shares in its portfolio. Aperio Lc accumulated 0.01% or 12,029 shares. Cambridge Advsr has 0.01% invested in the company for 5,450 shares. Advantus Cap Mngmt has 5,391 shares for 0.01% of their US portfolio.

Insider Transactions: Since May 24, 2016, the stock had 0 buys, and 13 selling transactions for $10.83 million net activity. On Tuesday, May 24 Nathman John B sold $147,336 worth of the stock or 1,787 shares. On Tuesday, July 5 the insider SIHLER WILLIAM W DR sold $65,402. Jakubowitz Harry sold $47,414 worth of stock. On Monday, November 14 the insider TYNAN GLENN E sold $556,713. Adams David Charles sold 14,414 shares worth $1.17M. Another trade for 21,626 shares valued at $1.87 million was sold by Quinly Tom P. 1,888 shares were sold by Ferdenzi Paul J, worth $183,355 on Monday, November 14.

More news for Curtiss-Wright Corp. (NYSE:CW) were recently published by: Nasdaq.com, which released: “Ex-Dividend Reminder: MKS Instruments, Curtiss-Wright and Matthews International” on November 21, 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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