Is CurtissWright (CW) Stock Outpacing Its Aerospace Peers This Year?

For those looking to find strong Aerospace stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Curtiss-Wright (CW) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

Curtiss-Wright is a member of the Aerospace sector. This group includes 76 individual stocks and currently holds a Zacks Sector Rank of #1. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Curtiss-Wright is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for CW's full-year earnings has moved 0.7% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the latest available data, CW has gained about 31.3% so far this year. In comparison, Aerospace companies have returned an average of 7.7%. As we can see, Curtiss-Wright is performing better than its sector in the calendar year.

Another stock in the Aerospace sector, Ducommun (DCO), has outperformed the sector so far this year. The stock's year-to-date return is 111.7%.

The consensus estimate for Ducommun's current year EPS has increased 0.7% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).

Breaking things down more, Curtiss-Wright is a member of the Aerospace - Defense Equipment industry, which includes 36 individual companies and currently sits at #44 in the Zacks Industry Rank. On average, this group has gained an average of 10.3% so far this year, meaning that CW is performing better in terms of year-to-date returns. Ducommun is also part of the same industry.

Curtiss-Wright and Ducommun could continue their solid performance, so investors interested in Aerospace stocks should continue to pay close attention to these stocks.

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This article originally published on Zacks Investment Research (zacks.com).

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