Curtiss-Wright (NYSE:CW – Get Free Report) had its price target reduced by analysts at Stifel Nicolaus from $700.00 to $518.00 in a report released on Monday, MarketBeat.com reports. The firm currently has a “hold” rating on the aerospace company’s stock. Stifel Nicolaus’ price target indicates a potential upside of 4.56% from the company’s current price.
CW has been the subject of several other research reports. Piper Sandler initiated coverage on shares of Curtiss-Wright in a research note on Wednesday, September 2nd. They issued a “neutral” rating and a $665.00 price objective for the company. Guggenheim assumed coverage on shares of Curtiss-Wright in a research report on Monday, September 14th. They set a “buy” rating and a $786.00 target price on the stock. Weiss Ratings lowered Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 4th. Morgan Stanley cut their target price on Curtiss-Wright from $860.00 to $625.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Citigroup reduced their price target on Curtiss-Wright from $793.00 to $622.00 and set a “neutral” rating for the company in a research report on Wednesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Curtiss-Wright currently has an average rating of “Moderate Buy” and an average target price of $686.25.
View Our Latest Analysis on Curtiss-Wright
Curtiss-Wright Price Performance
NYSE CW opened at $495.41 on Monday. The company has a quick ratio of 1.12, a current ratio of 1.60 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $18.30 billion, a PE ratio of 34.10, a price-to-earnings-growth ratio of 2.23 and a beta of 0.88. Curtiss-Wright has a 12-month low of $485.80 and a 12-month high of $808.16. The company has a 50 day moving average price of $571.45 and a two-hundred day moving average price of $677.45.
Curtiss-Wright (NYSE:CW – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The aerospace company reported $3.72 EPS for the quarter, topping the consensus estimate of $3.62 by $0.10. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. The company had revenue of $924.01 million for the quarter, compared to analyst estimates of $926.17 million. During the same quarter in the prior year, the business posted $3.23 EPS. Curtiss-Wright’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, equities analysts predict that Curtiss-Wright will post 15.33 earnings per share for the current fiscal year.
Insider Activity at Curtiss-Wright
In other news, Director Larry D. Wyche sold 100 shares of the business’s stock in a transaction 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 completion of the sale, the director directly owned 1,414 shares in the company, valued at approximately $843,790.36. The trade was a 6.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John C. Watts sold 1,035 shares of the company’s stock in a transaction 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 sale, the executive vice president directly owned 2,736 shares of the company’s stock, valued at approximately $1,694,842.56. This represents a 27.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.51% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of CW. Nisa Investment Advisors LLC grew its holdings in Curtiss-Wright by 5.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,689 shares of the aerospace company’s stock valued at $1,463,000 after buying an additional 131 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Curtiss-Wright by 106.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 108,203 shares of the aerospace company’s stock worth $58,843,000 after buying an additional 55,852 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Curtiss-Wright by 0.7% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,814 shares of the aerospace company’s stock worth $4,249,000 after buying an additional 57 shares during the last quarter. IFP Advisors Inc boosted its position in shares of Curtiss-Wright by 27.4% in the third quarter. IFP Advisors Inc now owns 692 shares of the aerospace company’s stock valued at $376,000 after acquiring an additional 149 shares during the period. Finally, Cyndeo Wealth Partners LLC boosted its position in shares of Curtiss-Wright by 50.5% in the third quarter. Cyndeo Wealth Partners LLC now owns 498 shares of the aerospace company’s stock valued at $271,000 after acquiring an additional 167 shares during the period. Institutional investors own 82.71% of the company’s stock.
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.
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