Curtiss-Wright (NYSE:CW) PT Raised to $270.00

Curtiss-Wright (NYSE:CW) had its price objective boosted by equities research analysts at Truist Financial from $252.00 to $270.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has a “hold” rating on the aerospace company’s stock. Truist Financial’s price target would indicate a potential downside of 4.22% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on CW. StockNews.com upgraded Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 5th. Morgan Stanley boosted their price target on Curtiss-Wright from $260.00 to $284.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Stifel Nicolaus boosted their price target on Curtiss-Wright from $293.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Robert W. Baird boosted their price target on Curtiss-Wright from $246.00 to $300.00 and gave the company an “outperform” rating in a report on Monday, April 8th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $302.50.

Curtiss-Wright Stock Up 0.4 %

Shares of NYSE:CW opened at $281.91 on Wednesday. The stock’s 50-day moving average price is $259.71 and its two-hundred day moving average price is $235.94. The company has a current ratio of 2.02, a quick ratio of 1.38 and a debt-to-equity ratio of 0.40. Curtiss-Wright has a 12-month low of $157.85 and a 12-month high of $286.23. The firm has a market cap of $10.80 billion, a price-to-earnings ratio of 29.03 and a beta of 1.18.

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 the consensus estimate of $1.75 by $0.24. The business had revenue of $713.17 million for the quarter, compared to analyst estimates of $664.01 million. Curtiss-Wright had a return on equity of 16.79% and a net margin of 12.78%. The company’s revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.53 EPS. On average, research analysts forecast that Curtiss-Wright will post 10.31 EPS for the current year.

Insider Activity

In other news, CFO K Christopher Farkas sold 925 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $243.55, for a total transaction of $225,283.75. Following the sale, the chief financial officer now directly owns 10,052 shares of the company’s stock, valued at $2,448,164.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO Kevin Rayment sold 1,070 shares of the company’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $243.50, for a total transaction of $260,545.00. Following the transaction, the chief operating officer now directly owns 28,329 shares of the company’s stock, valued at $6,898,111.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO K Christopher Farkas sold 925 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $243.55, for a total value of $225,283.75. Following the transaction, the chief financial officer now directly owns 10,052 shares in the company, valued at $2,448,164.60. The disclosure for this sale can be found here. Insiders sold a total of 12,451 shares of company stock worth $3,030,512 over the last 90 days. 0.67% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Contravisory Investment Management Inc. acquired a new position in Curtiss-Wright in the 4th quarter worth about $25,000. Creekmur Asset Management LLC acquired a new position in Curtiss-Wright in the 4th quarter worth about $32,000. Venturi Wealth Management LLC increased its position in Curtiss-Wright by 53.6% in the 4th quarter. Venturi Wealth Management LLC now owns 149 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 52 shares during the last quarter. Montag A & Associates Inc. increased its position in Curtiss-Wright by 67.0% in the 3rd quarter. Montag A & Associates Inc. now owns 152 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 61 shares during the last quarter. Finally, Sachetta LLC acquired a new position in Curtiss-Wright in the 4th quarter worth about $45,000. 82.71% of the stock is owned by institutional investors and hedge funds.

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.