Curtiss-Wright (NYSE:CW) Price Target Raised to $284.00

Curtiss-Wright (NYSE:CW) had its target price hoisted by research analysts at Morgan Stanley from $260.00 to $284.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the aerospace company’s stock. Morgan Stanley’s price objective indicates a potential upside of 5.90% from the stock’s previous close.

A number of other research firms also recently commented on CW. Robert W. Baird boosted their price objective on shares of Curtiss-Wright from $246.00 to $300.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Truist Financial boosted their price target on Curtiss-Wright from $240.00 to $252.00 and gave the stock a “hold” rating in a research note on Friday. StockNews.com downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 27th. Finally, Stifel Nicolaus boosted their target price on Curtiss-Wright from $255.00 to $272.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Curtiss-Wright presently has an average rating of “Buy” and an average price target of $277.00.

Curtiss-Wright Stock Performance

NYSE CW opened at $268.17 on Friday. The stock has a market capitalization of $10.27 billion, a price-to-earnings ratio of 27.62 and a beta of 1.18. The business’s 50 day moving average is $248.98 and its two-hundred day moving average is $228.49. Curtiss-Wright has a 12-month low of $157.72 and a 12-month high of $269.00. The company has a current ratio of 2.02, a quick ratio of 1.50 and a debt-to-equity ratio of 0.40.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Wednesday, May 1st. The aerospace company reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.24. Curtiss-Wright had a return on equity of 16.79% and a net margin of 12.78%. The firm 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 company posted $1.53 earnings per share. Curtiss-Wright’s quarterly revenue was up 13.0% on a year-over-year basis. Research analysts expect that Curtiss-Wright will post 10.17 EPS for the current year.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Curtiss-Wright

Several hedge funds and other institutional investors have recently bought and sold shares of CW. Wolverine Asset Management LLC acquired a new stake in shares of Curtiss-Wright in the 4th quarter valued at about $1,894,000. Pacer Advisors Inc. raised its stake in Curtiss-Wright by 92.5% during the fourth quarter. Pacer Advisors Inc. now owns 8,235 shares of the aerospace company’s stock valued at $1,835,000 after buying an additional 3,957 shares in the last quarter. Cadinha & Co. LLC lifted its holdings in Curtiss-Wright by 1,101.1% during the 4th quarter. Cadinha & Co. LLC now owns 69,605 shares of the aerospace company’s stock worth $15,507,000 after buying an additional 63,810 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of Curtiss-Wright by 71.8% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 6,994 shares of the aerospace company’s stock worth $1,558,000 after acquiring an additional 2,924 shares in the last quarter. Finally, Los Angeles Capital Management LLC increased its holdings in shares of Curtiss-Wright by 729.1% in the 3rd quarter. Los Angeles Capital Management LLC now owns 20,428 shares of the aerospace company’s stock valued at $3,996,000 after acquiring an additional 17,964 shares during the last quarter. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

About Curtiss-Wright

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.