Truist Financial Raises Curtiss-Wright (NYSE:CW) Price Target to $252.00

Curtiss-Wright (NYSE:CW) had its price objective increased by investment analysts at Truist Financial from $240.00 to $252.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a “hold” rating on the aerospace company’s stock. Truist Financial’s price target points to a potential downside of 6.03% from the company’s previous close.

CW has been the subject of several other research reports. 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 note on Wednesday, April 17th. Robert W. Baird boosted their target price on Curtiss-Wright from $246.00 to $300.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. Finally, StockNews.com cut Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 27th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $277.00.

Curtiss-Wright Price Performance

CW stock opened at $268.17 on Friday. The business has a 50 day moving average price of $248.98 and a 200 day moving average price of $228.49. The stock has a market cap of $10.27 billion, a price-to-earnings ratio of 27.62 and a beta of 1.18. Curtiss-Wright has a fifty-two week low of $157.72 and a fifty-two week high of $269.00. The company has a quick ratio of 1.50, a current ratio of 2.02 and a debt-to-equity ratio of 0.40.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Wednesday, May 1st. The aerospace company reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.24. The firm had revenue of $713.17 million during the quarter, compared to analysts’ expectations of $664.01 million. Curtiss-Wright had a return on equity of 16.79% and a net margin of 12.78%. The firm’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.53 earnings per share. Equities research analysts anticipate that Curtiss-Wright will post 10.17 earnings per share for the current fiscal year.

Insider Buying and Selling at Curtiss-Wright

In other news, CFO K Christopher Farkas sold 925 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $243.55, for a total value of $225,283.75. Following the transaction, the chief financial officer now owns 10,052 shares of the company’s stock, valued at $2,448,164.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, VP Paul J. Ferdenzi sold 2,500 shares of the 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO K Christopher Farkas sold 925 shares of Curtiss-Wright stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $243.55, for a total value of $225,283.75. Following the completion of the sale, the chief financial officer now directly owns 10,052 shares in the company, valued at approximately $2,448,164.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,451 shares of company stock worth $3,030,512. 0.67% of the stock is owned by insiders.

Institutional Trading of Curtiss-Wright

Several hedge funds have recently modified their holdings of the business. Sequoia Financial Advisors LLC raised its position in Curtiss-Wright by 1.7% in the first quarter. Sequoia Financial Advisors LLC now owns 2,685 shares of the aerospace company’s stock worth $687,000 after acquiring an additional 45 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Curtiss-Wright by 53.6% in the 4th quarter. Venturi Wealth Management LLC now owns 149 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 52 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Curtiss-Wright by 18.4% in the third quarter. Signaturefd LLC now owns 366 shares of the aerospace company’s stock valued at $72,000 after purchasing an additional 57 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Curtiss-Wright by 0.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,411 shares of the aerospace company’s stock worth $1,450,000 after buying an additional 59 shares during the period. Finally, Montag A & Associates Inc. grew its position in Curtiss-Wright by 67.0% during the third quarter. Montag A & Associates Inc. now owns 152 shares of the aerospace company’s stock worth $30,000 after buying an additional 61 shares during the period. 82.71% of the stock is owned by institutional investors and hedge funds.

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.