Curtiss-Wright (NYSE:CW) Price Target Raised to $318.00

Curtiss-Wright (NYSE:CW) had its price target boosted by stock analysts at Stifel Nicolaus from $310.00 to $318.00 in a report released on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the aerospace company’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 12.18% from the stock’s current price.

A number of other analysts have also commented on the company. Morgan Stanley lifted their target price on Curtiss-Wright from $284.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, May 23rd. StockNews.com raised Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 5th. Truist Financial upped their target price on shares of Curtiss-Wright from $252.00 to $270.00 and gave the company a “hold” rating in a report on Wednesday, May 22nd. Finally, Robert W. Baird lifted their price target on shares of Curtiss-Wright from $246.00 to $300.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $304.50.

Curtiss-Wright Stock Down 0.0 %

NYSE:CW traded down $0.01 during trading hours on Thursday, reaching $283.48. 27,582 shares of the company traded hands, compared to its average volume of 202,717. The business’s 50-day moving average price is $276.18 and its two-hundred day moving average price is $252.53. The company has a current ratio of 2.02, a quick ratio of 1.38 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $10.86 billion, a P/E ratio of 29.19 and a beta of 1.18. Curtiss-Wright has a 1 year low of $185.96 and a 1 year high of $288.44.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, May 1st. The aerospace company reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.24. The business had revenue of $713.17 million during the quarter, compared to analyst estimates of $664.01 million. Curtiss-Wright had a net margin of 12.78% and a return on equity of 16.79%. Curtiss-Wright’s revenue was up 13.0% compared to the same quarter last year. During the same period last year, the business earned $1.53 EPS. Analysts predict that Curtiss-Wright will post 10.27 earnings per share for the current year.

Insider Activity at Curtiss-Wright

In related news, COO Kevin Rayment sold 8,415 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $281.67, for a total transaction of $2,370,253.05. Following the completion of the transaction, the chief operating officer now directly owns 19,914 shares of the company’s stock, valued at $5,609,176.38. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, COO Kevin Rayment sold 8,415 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $281.67, for a total value of $2,370,253.05. Following the sale, the chief operating officer now directly owns 19,914 shares in the company, valued at approximately $5,609,176.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director S Marce Fuller sold 5,300 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $281.04, for a total transaction of $1,489,512.00. Following the sale, the director now directly owns 25,770 shares of the company’s stock, valued at approximately $7,242,400.80. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 120 shares of company stock valued at $27,914. Corporate insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CW. Sequoia Financial Advisors LLC boosted its holdings 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 lifted its stake in shares of Curtiss-Wright by 53.6% during the fourth quarter. Venturi Wealth Management LLC now owns 149 shares of the aerospace company’s stock worth $33,000 after buying an additional 52 shares during the period. Envestnet Portfolio Solutions Inc. grew its stake in Curtiss-Wright by 2.5% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,176 shares of the aerospace company’s stock valued at $557,000 after purchasing an additional 53 shares during the last quarter. Alliance Wealth Advisors LLC UT raised its position in Curtiss-Wright by 2.5% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 2,495 shares of the aerospace company’s stock worth $556,000 after buying an additional 61 shares during the last quarter. Finally, Tectonic Advisors LLC boosted its holdings in shares of Curtiss-Wright by 5.0% in the 4th quarter. Tectonic Advisors LLC now owns 1,477 shares of the aerospace company’s stock valued at $329,000 after acquiring an additional 71 shares during the last quarter. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

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.