Curtiss-Wright (NYSE:CW) Price Target Cut to $472.00 by Analysts at Stifel Nicolaus

Curtiss-Wright (NYSE:CW) had its target price lowered by investment analysts at Stifel Nicolaus from $518.00 to $472.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has a “hold” rating on the aerospace company’s stock. Stifel Nicolaus‘s price objective points to a potential upside of 1.68% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on the company. Deutsche Bank Aktiengesellschaft set a $801.00 target price on Curtiss-Wright in a research report on Wednesday, August 12th. Weiss Ratings lowered shares of Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 4th. Wall Street Zen lowered shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Piper Sandler reduced their price objective on shares of Curtiss-Wright from $586.00 to $544.00 and set a “neutral” rating for the company in a research note on Friday. Finally, Citigroup decreased their price objective on shares of Curtiss-Wright from $793.00 to $622.00 and set a “neutral” rating for the company in a report on Wednesday, October 7th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $651.38.

Curtiss-Wright Stock Up 0.2%

CW stock opened at $464.20 on Monday. The firm has a market cap of $16.84 billion, a PE ratio of 30.97, a PEG ratio of 1.92 and a beta of 0.94. Curtiss-Wright has a 1 year low of $432.70 and a 1 year high of $808.16. The company has a fifty day simple moving average of $525.29 and a 200 day simple moving average of $663.50. The company has a current ratio of 1.42, a quick ratio of 0.95 and a debt-to-equity ratio of 0.30.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Wednesday, November 4th. The aerospace company reported $3.94 earnings per share for the quarter, topping analysts’ consensus estimates of $3.76 by $0.18. The company had revenue of $953.00 million during the quarter, compared to analysts’ expectations of $935.09 million. Curtiss-Wright had a return on equity of 21.08% and a net margin of 14.86%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.31 earnings per share. Sell-side analysts anticipate that Curtiss-Wright will post 15.50 EPS for the current fiscal year.

Insider Activity

In related news, EVP John Watts sold 1,035 shares of the stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $619.46, for a total value of $641,141.10. Following the completion of the sale, the executive vice president owned 2,736 shares in the company, valued at approximately $1,694,842.56. This trade represents a 27.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Larry D. Wyche sold 100 shares of Curtiss-Wright stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $596.74, for a total value of $59,674.00. Following the sale, the director directly owned 1,414 shares in the company, valued at approximately $843,790.36. This trade represents a 6.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.51% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Curtiss-Wright

Several institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in Curtiss-Wright during the second quarter valued at approximately $3,448,649,000. Primecap Management Co. CA bought a new stake in Curtiss-Wright in the second quarter valued at approximately $390,106,000. Bank of New York Mellon Corp bought a new stake in Curtiss-Wright in the second quarter valued at approximately $270,458,000. William Blair Investment Management LLC bought a new stake in Curtiss-Wright in the second quarter valued at approximately $240,442,000. Finally, First Trust Advisors LP raised its holdings in Curtiss-Wright by 19.9% in the first quarter. First Trust Advisors LP now owns 206,021 shares of the aerospace company’s stock worth $140,325,000 after purchasing an additional 34,191 shares during the period. Institutional investors own 82.71% of the company’s stock.

About Curtiss-Wright

Curtiss-Wright Corporation is a diversified industrial company that develops and manufactures engineered products and provides services for the aerospace, defense, power-generation and general industrial markets. Its offerings include actuation and control systems, sensors, valves and pumps, and embedded computing and electronics.

The company serves customers around the world, including aircraft manufacturers and operators, defense contractors, government agencies, and commercial nuclear power providers.