Curtiss-Wright (NYSE:CW) Coverage Initiated at Citigroup

Analysts at Citigroup began coverage on shares of Curtiss-Wright (NYSE:CW) in a research report issued to clients and investors on Tuesday,Briefing.com Automated Import reports. The firm set a “buy” rating and a $410.00 price target on the aerospace company’s stock. Citigroup’s price objective points to a potential upside of 11.75% from the company’s current price.

A number of other brokerages also recently issued reports on CW. Morgan Stanley lifted their price target on Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Alembic Global Advisors initiated coverage on Curtiss-Wright in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 target price on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Curtiss-Wright in a report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price target on the stock. Stifel Nicolaus lowered shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective for the company. in a research note on Monday, November 18th. Finally, StockNews.com downgraded shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $386.86.

Curtiss-Wright Stock Up 0.3 %

Shares of NYSE:CW opened at $366.88 on Tuesday. The company has a quick ratio of 1.39, a current ratio of 1.98 and a debt-to-equity ratio of 0.39. The business’s 50 day moving average is $363.45 and its 200 day moving average is $332.38. The stock has a market cap of $13.92 billion, a P/E ratio of 34.71, a price-to-earnings-growth ratio of 2.63 and a beta of 1.19. Curtiss-Wright has a 52-week low of $220.90 and a 52-week high of $393.40.

Insider Transactions at Curtiss-Wright

In related news, VP John C. Watts sold 412 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total value of $148,134.60. Following the completion of the transaction, the vice president now directly owns 4,183 shares in the company, valued at $1,503,997.65. The trade was a 8.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Lynn M. Bamford sold 7,129 shares of Curtiss-Wright stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $368.80, for a total transaction of $2,629,175.20. Following the completion of the transaction, the chief executive officer now directly owns 28,688 shares of the company’s stock, valued at $10,580,134.40. The trade was a 19.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have acquired 116 shares of company stock worth $35,278 over the last 90 days. 0.55% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Curtiss-Wright

A number of large investors have recently bought and sold shares of the business. International Assets Investment Management LLC lifted its holdings in Curtiss-Wright by 32,425.8% during the third quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company’s stock valued at $133,102,000 after purchasing an additional 403,701 shares in the last quarter. Congress Asset Management Co. boosted its holdings in Curtiss-Wright by 136.8% in the 3rd quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company’s stock worth $150,893,000 after buying an additional 265,205 shares during the last quarter. World Investment Advisors LLC purchased a new stake in Curtiss-Wright during the 3rd quarter worth approximately $47,220,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Curtiss-Wright by 91.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 178,111 shares of the aerospace company’s stock valued at $58,543,000 after acquiring an additional 85,013 shares during the last quarter. Finally, Millennium Management LLC lifted its position in shares of Curtiss-Wright by 37.0% in the second quarter. Millennium Management LLC now owns 239,187 shares of the aerospace company’s stock valued at $64,815,000 after acquiring an additional 64,619 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

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.