Stifel Nicolaus Issues Pessimistic Forecast for Curtiss-Wright (NYSE:CW) Stock Price

Curtiss-Wright (NYSE:CW) had its target price lowered by investment analysts at Stifel Nicolaus from $331.00 to $309.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “hold” rating on the aerospace company’s stock. Stifel Nicolaus’ price target would indicate a potential downside of 3.63% from the stock’s current price.

A number of other brokerages also recently issued reports on CW. Citigroup reduced their price objective on Curtiss-Wright from $450.00 to $424.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Truist Financial increased their price target on shares of Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $380.14.

Curtiss-Wright Stock Performance

Shares of CW stock opened at $320.64 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19. The firm has a 50-day moving average of $320.92 and a 200-day moving average of $345.62. Curtiss-Wright has a one year low of $246.43 and a one year high of $393.40. The company has a market cap of $12.08 billion, a P/E ratio of 30.39, a P/E/G ratio of 2.48 and a beta of 1.03.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 EPS for the quarter, beating the consensus estimate of $3.12 by $0.15. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. Equities research analysts forecast that Curtiss-Wright will post 12.32 EPS for the current fiscal year.

Insider Activity at Curtiss-Wright

In other news, insider Paul J. Ferdenzi sold 658 shares of Curtiss-Wright stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $325.68, for a total value of $214,297.44. Following the completion of the transaction, the insider now directly owns 19,239 shares in the company, valued at approximately $6,265,757.52. The trade was a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP George P. Mcdonald sold 148 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total value of $48,160.68. Following the sale, the vice president now directly owns 1,899 shares in the company, valued at $617,953.59. This trade represents a 7.23 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,797 shares of company stock worth $7,436,255. Company insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On Curtiss-Wright

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Curtiss-Wright by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 3,634,028 shares of the aerospace company’s stock valued at $1,289,608,000 after acquiring an additional 15,890 shares during the period. Invesco Ltd. boosted its holdings in Curtiss-Wright by 6.4% in the 4th quarter. Invesco Ltd. now owns 1,417,445 shares of the aerospace company’s stock valued at $503,009,000 after purchasing an additional 84,635 shares during the period. TD Asset Management Inc. grew its position in shares of Curtiss-Wright by 16.2% during the 4th quarter. TD Asset Management Inc. now owns 766,413 shares of the aerospace company’s stock valued at $271,977,000 after purchasing an additional 107,115 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Curtiss-Wright by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 743,934 shares of the aerospace company’s stock worth $264,071,000 after purchasing an additional 12,086 shares during the period. Finally, Alliancebernstein L.P. raised its position in shares of Curtiss-Wright by 1.2% in the fourth quarter. Alliancebernstein L.P. now owns 592,326 shares of the aerospace company’s stock worth $210,199,000 after buying an additional 6,971 shares in the last quarter. 82.71% of the stock is currently owned by institutional investors.

Curtiss-Wright Company Profile

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.