Curtiss-Wright (NYSE:CW) PT Raised to $270.00

Curtiss-Wright (NYSE:CWGet Free Report) had its target price raised by research analysts at Truist Financial from $252.00 to $270.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has a “hold” rating on the aerospace company’s stock. Truist Financial’s price objective points to a potential downside of 4.22% from the company’s current price.

A number of other research analysts have also issued reports on the stock. Robert W. Baird upped their price target on shares of Curtiss-Wright from $246.00 to $300.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. StockNews.com upgraded shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 5th. Stifel Nicolaus increased their price objective on shares of Curtiss-Wright from $293.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Morgan Stanley increased their price objective on shares of Curtiss-Wright from $260.00 to $284.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $302.50.

Read Our Latest Research Report on CW

Curtiss-Wright Trading Up 0.4 %

Shares of Curtiss-Wright stock opened at $281.91 on Wednesday. The company has a current ratio of 2.02, a quick ratio of 1.38 and a debt-to-equity ratio of 0.40. Curtiss-Wright has a 12-month low of $157.85 and a 12-month high of $286.23. The firm has a market capitalization of $10.80 billion, a price-to-earnings ratio of 29.03 and a beta of 1.18. The firm’s 50 day simple moving average is $259.71 and its two-hundred day simple moving average is $235.94.

Curtiss-Wright (NYSE:CWGet Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The aerospace company reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.24. Curtiss-Wright had a net margin of 12.78% and a return on equity of 16.79%. The business had revenue of $713.17 million for the quarter, compared to analyst estimates of $664.01 million. During the same quarter in the prior year, the business posted $1.53 EPS. Curtiss-Wright’s revenue for the quarter was up 13.0% compared to the same quarter last year. Analysts predict that Curtiss-Wright will post 10.31 EPS for the current year.

Insider Activity at Curtiss-Wright

In related news, VP Paul J. Ferdenzi sold 2,500 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $240.00, for a total transaction of $600,000.00. Following the sale, the vice president now owns 17,383 shares in the company, valued at $4,171,920. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Curtiss-Wright news, CFO K Christopher Farkas sold 2,736 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $240.16, for a total transaction of $657,077.76. Following the transaction, the chief financial officer now directly owns 9,172 shares of the company’s stock, valued at $2,202,747.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Paul J. Ferdenzi sold 2,500 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $240.00, for a total transaction of $600,000.00. Following the transaction, the vice president now directly owns 17,383 shares in the company, valued at $4,171,920. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,451 shares of company stock worth $3,030,512. 0.67% of the stock is owned by company insiders.

Hedge Funds Weigh In On Curtiss-Wright

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of Curtiss-Wright in the fourth quarter worth about $113,885,000. Fiera Capital Corp purchased a new position in shares of Curtiss-Wright in the third quarter worth about $31,386,000. Public Employees Retirement Association of Colorado lifted its stake in shares of Curtiss-Wright by 1,901.3% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 150,377 shares of the aerospace company’s stock worth $33,502,000 after buying an additional 142,863 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of Curtiss-Wright in the fourth quarter worth about $31,816,000. Finally, Global Alpha Capital Management Ltd. lifted its stake in shares of Curtiss-Wright by 41.7% in the first quarter. Global Alpha Capital Management Ltd. now owns 352,813 shares of the aerospace company’s stock worth $90,299,000 after buying an additional 103,780 shares in the last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.

Curtiss-Wright Company Profile

(Get Free Report)

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.

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