Citigroup Increases Curtiss-Wright (NYSE:CW) Price Target to $728.00

Curtiss-Wright (NYSE:CW) had its price target boosted by equities research analysts at Citigroup from $718.00 to $728.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the aerospace company’s stock. Citigroup’s price objective indicates a potential upside of 4.63% from the company’s current price.

A number of other research analysts also recently commented on CW. Wall Street Zen raised Curtiss-Wright from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $748.00 target price on shares of Curtiss-Wright in a report on Tuesday, February 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a research report on Monday, December 22nd. Stifel Nicolaus lifted their target price on Curtiss-Wright from $625.00 to $650.00 and gave the stock a “hold” rating in a report on Friday, February 13th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $760.00 price target on shares of Curtiss-Wright in a research report on Friday, February 13th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Curtiss-Wright presently has an average rating of “Moderate Buy” and an average target price of $664.83.

Curtiss-Wright Stock Up 0.1%

Shares of NYSE:CW opened at $695.82 on Thursday. The company has a current ratio of 1.44, a quick ratio of 1.00 and a debt-to-equity ratio of 0.30. The company has a fifty day simple moving average of $679.57 and a 200 day simple moving average of $604.85. The firm has a market cap of $25.68 billion, a PE ratio of 54.07, a price-to-earnings-growth ratio of 3.39 and a beta of 0.91. Curtiss-Wright has a 12-month low of $266.88 and a 12-month high of $730.12.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Wednesday, February 11th. The aerospace company reported $3.79 EPS for the quarter, beating analysts’ consensus estimates of $3.66 by $0.13. Curtiss-Wright had a net margin of 13.84% and a return on equity of 19.28%. The firm had revenue of $946.98 million for the quarter, compared to the consensus estimate of $890.14 million. During the same period in the prior year, the firm posted $3.27 EPS. The firm’s revenue was up 14.9% compared to the same quarter last year. On average, equities research analysts anticipate that Curtiss-Wright will post 12.32 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Lynn M. Bamford sold 9,327 shares of the stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $626.45, for a total transaction of $5,842,899.15. Following the completion of the sale, the chief executive officer owned 46,192 shares in the company, valued at $28,936,978.40. This represents a 16.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John C. Watts sold 652 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $625.57, for a total value of $407,871.64. Following the completion of the sale, the executive vice president owned 3,890 shares in the company, valued at approximately $2,433,467.30. This represents a 14.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 23,112 shares of company stock worth $14,768,527 in the last ninety days. 0.55% of the stock is owned by insiders.

Institutional Trading of Curtiss-Wright

Large investors have recently made changes to their positions in the business. Hsbc Holdings PLC increased its stake in shares of Curtiss-Wright by 53.6% in the 4th quarter. Hsbc Holdings PLC now owns 33,414 shares of the aerospace company’s stock valued at $18,608,000 after buying an additional 11,660 shares during the period. World Investment Advisors lifted its stake in Curtiss-Wright by 118.7% in the fourth quarter. World Investment Advisors now owns 842 shares of the aerospace company’s stock valued at $464,000 after buying an additional 457 shares during the period. Corient Private Wealth LLC raised its stake in Curtiss-Wright by 3.4% during the 4th quarter. Corient Private Wealth LLC now owns 6,705 shares of the aerospace company’s stock worth $3,701,000 after buying an additional 221 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Curtiss-Wright during the fourth quarter worth $42,000. Finally, DGS Capital Management LLC lifted its stake in Curtiss-Wright by 8.2% in the 4th quarter. DGS Capital Management LLC now owns 434 shares of the aerospace company’s stock valued at $239,000 after acquiring an additional 33 shares in the last quarter. Institutional investors own 82.71% of the company’s stock.

About Curtiss-Wright

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.