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. Curtiss-Wright (CW) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Aerospace peers, we might be able to answer that question.

Curtiss-Wright is a member of our Aerospace group, which includes 58 different companies and currently sits at #2 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

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).

Within the past quarter, the Zacks Consensus Estimate for CW's full-year earnings has moved 2.3% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

According to our latest data, CW has moved about 46% on a year-to-date basis. In comparison, Aerospace companies have returned an average of 30.3%. As we can see, Curtiss-Wright is performing better than its sector in the calendar year.

Another Aerospace stock, which has outperformed the sector so far this year, is Leonardo DRS, Inc. (DRS). The stock has returned 32.7% year-to-date.

In Leonardo DRS, Inc.'s case, the consensus EPS estimate for the current year increased 2.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

To break things down more, Curtiss-Wright belongs to the Aerospace - Defense Equipment industry, a group that includes 33 individual companies and currently sits at #61 in the Zacks Industry Rank. This group has gained an average of 29.5% so far this year, so CW is performing better in this area. Leonardo DRS, Inc. is also part of the same industry.

Investors with an interest in Aerospace stocks should continue to track Curtiss-Wright and Leonardo DRS, Inc.. These stocks will be looking to continue their solid performance.

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

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