Curtiss-Wright (NYSE:CW) Price Target Raised to $395.00

Curtiss-Wright (NYSE:CW) had its target price hoisted by equities research analysts at Morgan Stanley from $334.00 to $395.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the aerospace company’s stock. Morgan Stanley’s price objective would indicate a potential upside of 4.65% from the company’s previous close.

A number of other equities research analysts have also recently commented on the company. Truist Financial raised their target price on Curtiss-Wright from $304.00 to $333.00 and gave the company a “hold” rating in a research report on Friday, November 1st. StockNews.com lowered shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. Stifel Nicolaus lifted their target price on Curtiss-Wright from $318.00 to $361.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Robert W. Baird increased their price target on Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Finally, Alembic Global Advisors began coverage on shares of Curtiss-Wright in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price target for the company. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $362.60.

Curtiss-Wright Trading Up 4.7 %

Curtiss-Wright stock opened at $377.46 on Tuesday. The stock has a 50-day moving average of $331.53 and a two-hundred day moving average of $297.08. The stock has a market cap of $14.32 billion, a PE ratio of 35.71 and a beta of 1.17. Curtiss-Wright has a one year low of $203.60 and a one year high of $380.98. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 1.98.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.24 by $0.43. The company had revenue of $785.00 million during the quarter, compared to analyst estimates of $735.82 million. Curtiss-Wright had a net margin of 13.20% and a return on equity of 17.21%. Curtiss-Wright’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period last year, the firm posted $2.15 EPS. On average, research analysts anticipate that Curtiss-Wright will post 10.66 EPS for the current fiscal year.

Insider Activity

In other Curtiss-Wright news, VP John C. Watts sold 412 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total value of $148,134.60. Following the sale, the vice president now owns 4,183 shares of the company’s stock, valued at approximately $1,503,997.65. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Curtiss-Wright news, Director Glenda J. Minor sold 500 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $302.80, for a total value of $151,400.00. Following the transaction, the director now directly owns 1,382 shares of the company’s stock, valued at $418,469.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP John C. Watts sold 412 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total transaction of $148,134.60. Following the completion of the sale, the vice president now directly owns 4,183 shares of the company’s stock, valued at $1,503,997.65. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.55% of the company’s stock.

Institutional Trading of Curtiss-Wright

A number of hedge funds have recently made changes to their positions in the stock. Natixis Advisors LLC lifted its holdings in shares of Curtiss-Wright by 110.6% in the 3rd quarter. Natixis Advisors LLC now owns 30,939 shares of the aerospace company’s stock worth $10,169,000 after purchasing an additional 16,245 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of Curtiss-Wright by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 1,103 shares of the aerospace company’s stock worth $363,000 after acquiring an additional 37 shares during the last quarter. OneDigital Investment Advisors LLC lifted its stake in Curtiss-Wright by 3.3% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,162 shares of the aerospace company’s stock worth $382,000 after acquiring an additional 37 shares in the last quarter. ING Groep NV boosted its position in Curtiss-Wright by 36.4% during the third quarter. ING Groep NV now owns 30,000 shares of the aerospace company’s stock valued at $9,861,000 after purchasing an additional 8,000 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of Curtiss-Wright by 8.6% during the 3rd quarter. KBC Group NV now owns 1,025 shares of the aerospace company’s stock valued at $337,000 after purchasing an additional 81 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

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.