Morgan Stanley Forecasts Strong Price Appreciation for Curtiss-Wright (NYSE:CW) Stock

Curtiss-Wright (NYSE:CW) had its target price hoisted by analysts at Morgan Stanley from $565.00 to $645.00 in a report issued on Monday, MarketBeat.com reports. The brokerage presently has an “overweight” rating on the aerospace company’s stock. Morgan Stanley’s target price would suggest a potential upside of 12.10% from the company’s current price.

A number of other equities research analysts have also commented on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Citigroup raised their target price on shares of Curtiss-Wright from $525.00 to $568.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Wall Street Zen cut shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 2nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $625.00 price objective on shares of Curtiss-Wright in a report on Wednesday, October 8th. Finally, Truist Financial upped their target price on shares of Curtiss-Wright from $525.00 to $537.00 and gave the stock a “hold” rating in a research note on Friday, November 7th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $562.83.

Curtiss-Wright Trading Down 2.2%

CW opened at $575.39 on Monday. The firm’s fifty day moving average is $542.11 and its two-hundred day moving average is $487.05. The firm has a market cap of $21.68 billion, a PE ratio of 48.56, a price-to-earnings-growth ratio of 3.41 and a beta of 1.12. Curtiss-Wright has a twelve month low of $266.88 and a twelve month high of $612.28. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.35 and a current ratio of 1.95.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, November 5th. The aerospace company reported $3.40 EPS for the quarter, beating analysts’ consensus estimates of $3.28 by $0.12. The business had revenue of $869.00 million during the quarter, compared to analysts’ expectations of $869.03 million. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.89 EPS. Curtiss-Wright has set its FY 2025 guidance at 12.950-13.200 EPS. Equities research analysts anticipate that Curtiss-Wright will post 12.32 EPS for the current year.

Insiders Place Their Bets

In other Curtiss-Wright news, VP John C. Watts sold 1,110 shares of the firm’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $480.50, for a total value 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 trade represents a 22.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.55% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Allianz Asset Management GmbH bought a new position in Curtiss-Wright during the 1st quarter valued at $1,926,000. Spire Wealth Management grew its stake in shares of Curtiss-Wright by 21.5% in the 2nd quarter. Spire Wealth Management now owns 549 shares of the aerospace company’s stock worth $268,000 after acquiring an additional 97 shares in the last quarter. Massachusetts Wealth Management purchased a new stake in shares of Curtiss-Wright in the second quarter valued at about $266,000. PNC Financial Services Group Inc. lifted its position in shares of Curtiss-Wright by 47.1% during the first quarter. PNC Financial Services Group Inc. now owns 8,641 shares of the aerospace company’s stock valued at $2,742,000 after purchasing an additional 2,766 shares in the last quarter. Finally, Ifrah Financial Services Inc. bought a new position in shares of Curtiss-Wright during the second quarter valued at about $230,000. 82.71% of the stock is currently owned by institutional investors.

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.