Curtiss-Wright (NYSE:CW – Get Free Report) had its price target lowered by investment analysts at Guggenheim from $786.00 to $674.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the aerospace company’s stock. Guggenheim‘s price target points to a potential upside of 48.63% from the stock’s current price.
A number of other research firms also recently weighed in on CW. Citigroup cut their price objective on Curtiss-Wright from $793.00 to $622.00 and set a “neutral” rating for the company in a report on Wednesday, October 7th. Weiss Ratings cut Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 4th. Piper Sandler lowered their target price on Curtiss-Wright from $665.00 to $586.00 and set a “neutral” rating on the stock in a research note on Friday, October 23rd. Morgan Stanley dropped their target price on Curtiss-Wright from $860.00 to $625.00 and set an “overweight” rating on the stock in a research report on Friday, October 16th. Finally, Stifel Nicolaus cut their price target on Curtiss-Wright from $700.00 to $518.00 and set a “hold” rating for the company in a research note on Monday, October 19th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $662.38.
Get Our Latest Stock Report on CW
Curtiss-Wright Stock Up 4.5%
Curtiss-Wright stock traded up $19.59 during trading hours on Friday, hitting $453.46. The company had a trading volume of 101,302 shares, compared to its average volume of 324,904. The firm has a market capitalization of $16.75 billion, a P/E ratio of 30.23, a price-to-earnings-growth ratio of 1.89 and a beta of 0.94. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.60 and a quick ratio of 1.12. The firm’s fifty day moving average is $528.12 and its 200-day moving average is $664.43. Curtiss-Wright has a fifty-two week low of $432.70 and a fifty-two week high of $808.16.
Curtiss-Wright (NYSE:CW – Get Free Report) last released its earnings results on Wednesday, November 4th. The aerospace company reported $3.94 earnings per share (EPS) 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 the consensus estimate of $935.09 million. Curtiss-Wright had a net margin of 14.86% and a return on equity of 20.91%. The company’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.31 EPS. On average, research analysts forecast that Curtiss-Wright will post 15.33 earnings per share for the current year.
Insider Buying and Selling
In other Curtiss-Wright news, EVP John Watts sold 1,035 shares of the stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $619.46, for a total transaction of $641,141.10. Following the transaction, the executive vice president owned 2,736 shares in the company, valued at $1,694,842.56. This trade represents a 27.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Larry D. Wyche sold 100 shares of the stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $596.74, for a total value of $59,674.00. Following the transaction, the director owned 1,414 shares in the company, valued at approximately $843,790.36. This trade represents a 6.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.51% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Curtiss-Wright during the 2nd quarter worth $3,448,649,000. Primecap Management Co. CA acquired a new stake in shares of Curtiss-Wright in the second quarter valued at about $390,106,000. Bank of New York Mellon Corp acquired a new stake in shares of Curtiss-Wright in the second quarter valued at about $270,458,000. William Blair Investment Management LLC bought a new position in shares of Curtiss-Wright in the second quarter worth about $240,442,000. Finally, First Trust Advisors LP increased its stake in shares of 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. 82.71% of the stock is currently owned by institutional investors and hedge funds.
Curtiss-Wright Company Profile
Curtiss-Wright Corporation (NYSE: CW) is a diversified industrial company that provides highly engineered products and services to the aerospace, defense, commercial nuclear power, and general industrial markets. The company designs and manufactures equipment used in applications that require reliable performance in demanding operating environments.
Its products and technologies include motion-control systems, valves, pumps, actuation equipment, sensors, data-acquisition systems, embedded computing products, and aircraft structural components.
Featured Stories
- Five stocks we like better than Curtiss-Wright
- Block by Block: Cash App Builds a Stronger Foundation
- Arista Networks Cashes In on the AI Infrastructure Buildout
- Powering Up: Freeport-McMoRan’s $4.5B Copper Expansion
- 3 Dividend ETFs Offer Different Ways to Navigate the Post-Election Sell-Off
Receive News & Ratings for Curtiss-Wright Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Curtiss-Wright and related companies with MarketBeat.com's FREE daily email newsletter.
