Curtiss-Wright (NYSE:CW) Price Target Raised to $312.00 at Robert W. Baird

Curtiss-Wright (NYSE:CW) had its target price lifted by Robert W. Baird from $300.00 to $312.00 in a research report released on Friday morning, Benzinga reports. They currently have an outperform rating on the aerospace company’s stock.

A number of other brokerages have also commented on CW. Morgan Stanley raised their price target on Curtiss-Wright from $284.00 to $330.00 and gave the stock an overweight rating in a research note on Thursday, May 23rd. StockNews.com raised Curtiss-Wright from a buy rating to a strong-buy rating in a research report on Thursday. Truist Financial increased their price objective on shares of Curtiss-Wright from $252.00 to $270.00 and gave the company a hold rating in a research report on Wednesday, May 22nd. Finally, Stifel Nicolaus upped their target price on shares of Curtiss-Wright from $310.00 to $318.00 and gave the stock a buy rating in a research note on Thursday, July 18th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Curtiss-Wright has an average rating of Buy and a consensus price target of $307.50.

Curtiss-Wright Trading Up 1.6 %

Shares of Curtiss-Wright stock traded up $4.67 on Friday, hitting $291.33. The stock had a trading volume of 399,361 shares, compared to its average volume of 209,979. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.40. Curtiss-Wright has a one year low of $190.64 and a one year high of $297.53. The stock’s 50-day simple moving average is $276.75 and its two-hundred day simple moving average is $259.65. The stock has a market cap of $11.16 billion, a price-to-earnings ratio of 30.00 and a beta of 1.18.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.24 by $0.43. The business had revenue of $785.00 million for the quarter, compared to analyst estimates of $735.82 million. Curtiss-Wright had a net margin of 12.78% and a return on equity of 16.79%. The company’s revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.15 EPS. As a group, sell-side analysts predict that Curtiss-Wright will post 10.25 EPS for the current year.

Insider Buying and Selling

In other news, COO Kevin Rayment sold 8,415 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $281.67, for a total value of $2,370,253.05. Following the transaction, 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 SEC, which is accessible through this link. In related news, Director S Marce Fuller sold 5,300 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $281.04, for a total value of $1,489,512.00. Following the transaction, the director now directly owns 25,770 shares of the company’s stock, valued at approximately $7,242,400.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Kevin Rayment sold 8,415 shares of Curtiss-Wright 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 transaction, the chief operating officer now directly owns 19,914 shares in the company, valued at $5,609,176.38. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 120 shares of company stock worth $27,914. 0.67% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CW. Vanguard Group Inc. lifted its position in shares of Curtiss-Wright by 0.5% in the first quarter. Vanguard Group Inc. now owns 3,657,854 shares of the aerospace company’s stock worth $936,191,000 after buying an additional 18,939 shares in the last quarter. Boston Partners increased its stake in Curtiss-Wright by 3.0% in the 1st quarter. Boston Partners now owns 1,393,662 shares of the aerospace company’s stock worth $356,684,000 after acquiring an additional 40,657 shares during the last quarter. Norges Bank purchased a new stake in shares of Curtiss-Wright during the 4th quarter worth approximately $113,885,000. Global Alpha Capital Management Ltd. boosted its position in shares of Curtiss-Wright by 41.7% during the 1st quarter. Global Alpha Capital Management Ltd. now owns 352,813 shares of the aerospace company’s stock valued at $90,299,000 after acquiring an additional 103,780 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Curtiss-Wright by 30,079.2% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 302,396 shares of the aerospace company’s stock valued at $81,943,000 after purchasing an additional 301,394 shares in the last quarter. 82.71% of the stock is owned by hedge funds and other 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.