Truist Financial Issues Pessimistic Forecast for Curtiss-Wright (NYSE:CW) Stock Price

Curtiss-Wright (NYSE:CW) had its price objective reduced by equities research analysts at Truist Financial from $356.00 to $338.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “hold” rating on the aerospace company’s stock. Truist Financial’s price target points to a potential downside of 28.61% from the company’s current price.

A number of other analysts have also recently weighed in on CW. Robert W. Baird raised their price target on Curtiss-Wright from $432.00 to $500.00 and gave the company an “outperform” rating in a research note on Thursday, May 22nd. Stifel Nicolaus dropped their price objective on Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating on the stock in a report on Monday, April 14th. Wall Street Zen lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 24th. Finally, Citigroup raised their price objective on Curtiss-Wright from $444.00 to $520.00 and gave the stock a “buy” rating in a report on Monday, June 9th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $418.00.

Curtiss-Wright Stock Performance

NYSE:CW opened at $473.48 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.89 and a quick ratio of 1.28. The firm has a market capitalization of $17.83 billion, a price-to-earnings ratio of 42.12, a PEG ratio of 2.99 and a beta of 1.15. The company’s 50-day moving average is $446.23 and its two-hundred day moving average is $373.18. Curtiss-Wright has a 1-year low of $258.85 and a 1-year high of $493.95.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.39 by $0.43. Curtiss-Wright had a return on equity of 18.02% and a net margin of 13.38%. The company had revenue of $805.65 million for the quarter, compared to analysts’ expectations of $767.32 million. During the same period in the prior year, the firm earned $1.99 earnings per share. The firm’s revenue was up 13.0% compared to the same quarter last year. Analysts forecast that Curtiss-Wright will post 12.32 EPS for the current year.

Insider Activity

In other news, VP John C. Watts sold 450 shares of the business’s stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $449.36, for a total transaction of $202,212.00. Following the transaction, the vice president owned 4,959 shares in the company, valued at approximately $2,228,376.24. The trade was a 8.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Bruce D. Hoechner sold 1,900 shares of Curtiss-Wright stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $448.00, for a total transaction of $851,200.00. Following the sale, the director owned 4,523 shares in the company, valued at approximately $2,026,304. This trade represents a 29.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,130 shares of company stock worth $2,726,412. 0.55% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Curtiss-Wright

Several large investors have recently made changes to their positions in the stock. Whipplewood Advisors LLC lifted its stake in Curtiss-Wright by 1,566.7% in the first quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company’s stock valued at $32,000 after acquiring an additional 94 shares during the last quarter. 1 North Wealth Services LLC acquired a new stake in Curtiss-Wright in the first quarter valued at $32,000. Minot DeBlois Advisors LLC acquired a new stake in Curtiss-Wright in the fourth quarter valued at $35,000. Private Trust Co. NA lifted its stake in shares of Curtiss-Wright by 13,800.0% during the 1st quarter. Private Trust Co. NA now owns 139 shares of the aerospace company’s stock worth $44,000 after buying an additional 138 shares during the last quarter. Finally, Ancora Advisors LLC acquired a new stake in shares of Curtiss-Wright during the 4th quarter worth about $49,000. Institutional investors 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.