Curtiss-Wright Corporation (NYSE:CW) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Curtiss-Wright Corporation (NYSE:CW) have been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $468.1429.

Several research firms have recently weighed in on CW. Stifel Nicolaus raised their price target on shares of Curtiss-Wright from $450.00 to $457.00 and gave the stock a “hold” rating in a research note on Friday, August 8th. Morgan Stanley raised their price objective on shares of Curtiss-Wright from $405.00 to $550.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Citigroup raised their price objective on shares of Curtiss-Wright from $525.00 to $568.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Truist Financial cut their price objective on shares of Curtiss-Wright from $356.00 to $338.00 and set a “hold” rating for the company in a research report on Friday, July 11th. Finally, Wall Street Zen cut shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd.

Insider Activity

In related news, Director Bruce D. Hoechner sold 1,900 shares of the firm’s 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 completion of the sale, the director directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP John C. Watts sold 1,110 shares of Curtiss-Wright stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $480.50, for a total transaction of $533,355.00. Following the sale, the vice president owned 3,863 shares of the company’s stock, valued at approximately $1,856,171.50. This represents a 22.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,460 shares of company stock valued at $1,586,767. 0.55% of the stock is owned by company insiders.

Institutional Investors Weigh In On Curtiss-Wright

A number of institutional investors have recently made changes to their positions in CW. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Curtiss-Wright during the second quarter valued at about $27,000. Penserra Capital Management LLC acquired a new stake in shares of Curtiss-Wright during the second quarter valued at about $29,000. Whipplewood Advisors LLC increased its position in shares of Curtiss-Wright by 1,566.7% during 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 shares of Curtiss-Wright during the first quarter valued at about $32,000. Finally, Minot DeBlois Advisors LLC purchased a new position in shares of Curtiss-Wright in the fourth quarter valued at approximately $35,000. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Curtiss-Wright Stock Performance

NYSE:CW opened at $479.8510 on Monday. The company’s 50-day moving average price is $484.26 and its 200-day moving average price is $400.83. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.35. The company has a market cap of $18.08 billion, a P/E ratio of 40.49, a P/E/G ratio of 2.95 and a beta of 1.18. Curtiss-Wright has a twelve month low of $266.88 and a twelve month high of $517.09.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.13 by $0.10. The firm had revenue of $876.58 million for the quarter, compared to the consensus estimate of $855.10 million. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period last year, the firm posted $2.67 earnings per share. On average, sell-side analysts forecast that Curtiss-Wright will post 12.32 earnings per share for the current fiscal year.

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.