Curtiss-Wright Corporation (CW): Among Aerospace and Defense Stocks with the Largest 5Y Share Price Returns Curtiss-Wright Corporation (NYSE:CW) is among the 8 Aerospace and Defense Stocks with the Largest 5Y Share Price Returns, having appreciated by more than 500% over the…
riod. Wall Street has a Moderate Buy rating on the stock with an average share price upside potential of 7%, as of the close on June 29
Recent updates include William Blair analyst Louie DiPalma, who reiterated the firm’s Buy rating on the stock on June 4, according to a report on TipRanks. Last month, Curtiss-Wright Corporation (NYSE:CW) said it had reached a new credit agreement with a group of banks, which has lifted the size of its revolving credit facility to $1 billion. This has also expanded the accordion feature to $500 million.
The new facility will mature in May 2031. The company intends to use the funds for general corporate purposes, including potential future acquisitions and internal growth initiatives. In other news, the company reported sales of $914 million for the first quarter, increasing 13% year-over-year.