Deutsche Bank Maintains Curtiss-Wright Corp. to Buy with Price Target $95.00

Brokerage firm Deutsche Bank Maintains its rating on Curtiss-Wright Corp.(NYSE:CW). In a research note issued to the investors, the brokerage major Raises the price-target to $95.00 per share. The shares have been rated Buy. The rating by Deutsche Bank was issued on Jun 13, 2016.

Curtiss-Wright Corp. (CW) shares turned negative on Fridays trading session with the shares closing down -0.61 points or -0.72% at a volume of 3,30,852. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $84.79. The peak price level was also seen at $84.79 while the days lowest was $83.49. Finally the shares closed at $84.17. The 52-week high of the shares is $87.76 while the 52-week low is $58. According to the latest information available, the market cap of the company is $3,747 M.

Curtiss-Wright Corp. has also declared a cash dividend of $0.1300 on May 11, 2016. The shares will quote ex-dividend on Jun 21, 2016 and the record date has been fixed on Jun 23, 2016. The dividend payable date has been fixed on Jul 7, 2016.

Curtiss-Wright Corp.(CW) last announced its earnings results on May 4, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $503.51M. Analysts had an estimated revenue of $491.53M. Earnings per share were $0.73. Analysts had estimated an EPS of $0.68.

Several Insider Transactions has been reported to the SEC. On Jun 10, 2016, Allen Kozinski (director) sold 5,000 shares at $87.20 per share price.Also, On May 26, 2016, John B Nathman (director) sold 1,787 shares at $82.62 per share price.On May 25, 2016, David Charles Adams (Chairman & CEO) sold 14,414 shares at $81.46 per share price, according to the Form-4 filing with the securities and exchange commission.

Curtiss-Wright Corporation is a provider of engineered critical function products and services to the commercial defense energy and industrial markets. The Company operates under three segments: Commercial/Industrial Defense and Energy. The Company’s manufacturing facilities are located in the United States in New York Ohio North Carolina and Pennsylvania and internationally in Canada and the United Kingdom. The Company has approximately 185 facilities including five corporate and shared-services facilities. It supplies its products and services to original equipment manufacturers (OEMs) and aftermarket industrial customers including the transportation commercial trucking off-road equipment construction automotive chemical oil and gas and medical industries. It also produces operation-critical valves for the power and process industries.

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