Curtiss-Wright (NYSE:CW) PT Raised to $284.00

Curtiss-Wright (NYSE:CW) had its price objective increased by research analysts at Morgan Stanley from $260.00 to $284.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the aerospace company’s stock. Morgan Stanley’s price target indicates a potential upside of 5.90% from the stock’s current price.

CW has been the subject of a number of other reports. StockNews.com cut Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 27th. Truist Financial increased their price target on shares of Curtiss-Wright from $240.00 to $252.00 and gave the company a “hold” rating in a research report on Friday. Stifel Nicolaus lifted their price objective on shares of Curtiss-Wright from $255.00 to $272.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Finally, Robert W. Baird increased their target price on shares of Curtiss-Wright from $246.00 to $300.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $277.00.

Curtiss-Wright Stock Up 2.0 %

NYSE CW opened at $268.17 on Friday. The company has a quick ratio of 1.50, a current ratio of 2.02 and a debt-to-equity ratio of 0.40. Curtiss-Wright has a 52 week low of $157.72 and a 52 week high of $269.00. The firm has a market capitalization of $10.27 billion, a price-to-earnings ratio of 27.62 and a beta of 1.18. The company has a fifty day moving average of $248.98 and a two-hundred day moving average of $228.49.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Wednesday, May 1st. The aerospace company reported $1.99 EPS for the quarter, beating the consensus estimate of $1.75 by $0.24. Curtiss-Wright had a net margin of 12.78% and a return on equity of 16.79%. The company had revenue of $713.17 million for the quarter, compared to the consensus estimate of $664.01 million. During the same period in the prior year, the firm posted $1.53 EPS. The firm’s revenue was up 13.0% compared to the same quarter last year. On average, analysts predict that Curtiss-Wright will post 10.17 earnings per share for the current year.

Insider Activity at Curtiss-Wright

In other news, CEO Lynn M. Bamford sold 2,620 shares of Curtiss-Wright stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $243.60, for a total transaction of $638,232.00. Following the completion of the sale, the chief executive officer now directly owns 35,773 shares in the company, valued at $8,714,302.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Lynn M. Bamford sold 2,620 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $243.60, for a total value of $638,232.00. Following the completion of the transaction, the chief executive officer now directly owns 35,773 shares in the company, valued at $8,714,302.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Paul J. Ferdenzi sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $240.00, for a total value of $600,000.00. Following the completion of the sale, the vice president now owns 17,383 shares in the company, valued at approximately $4,171,920. The disclosure for this sale can be found here. Insiders sold 12,451 shares of company stock valued at $3,030,512 in the last three months. 0.67% of the stock is owned by insiders.

Institutional Trading of Curtiss-Wright

Several hedge funds and other institutional investors have recently bought and sold shares of CW. Contravisory Investment Management Inc. acquired a new stake in Curtiss-Wright during the fourth quarter valued at $25,000. First Horizon Advisors Inc. grew its position in shares of Curtiss-Wright by 1,100.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 144 shares of the aerospace company’s stock valued at $28,000 after acquiring an additional 132 shares during the period. Montag A & Associates Inc. increased its stake in shares of Curtiss-Wright by 67.0% in the 3rd quarter. Montag A & Associates Inc. now owns 152 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 61 shares in the last quarter. Creekmur Asset Management LLC acquired a new position in Curtiss-Wright in the 4th quarter worth about $32,000. Finally, Venturi Wealth Management LLC boosted its position in 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 purchasing an additional 52 shares in the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

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.