Curtiss-Wright (NYSE:CW) PT Raised to $272.00 at Stifel Nicolaus

Curtiss-Wright (NYSE:CW) had its price objective boosted by analysts at Stifel Nicolaus from $255.00 to $272.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the aerospace company’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 9.36% from the company’s previous close.

CW has been the topic of several other research reports. Robert W. Baird increased 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. Truist Financial reiterated a “hold” rating and set a $240.00 price target (down from $250.00) on shares of Curtiss-Wright in a report on Monday, March 25th. Finally, StockNews.com downgraded shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 26th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $260.25.

Curtiss-Wright Price Performance

Shares of NYSE:CW opened at $248.72 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.13 and a quick ratio of 1.50. The firm’s 50 day simple moving average is $244.23 and its two-hundred day simple moving average is $224.17. The company has a market capitalization of $9.52 billion, a P/E ratio of 27.03 and a beta of 1.18. Curtiss-Wright has a 1-year low of $157.72 and a 1-year high of $261.46.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Thursday, February 15th. The aerospace company reported $3.16 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.24. Curtiss-Wright had a net margin of 12.46% and a return on equity of 16.61%. The company had revenue of $785.79 million during the quarter, compared to analysts’ expectations of $737.09 million. During the same period last year, the company posted $2.92 earnings per share. Curtiss-Wright’s quarterly revenue was up 3.7% on a year-over-year basis. Research analysts expect that Curtiss-Wright will post 10.16 EPS for the current fiscal year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Curtiss-Wright

Several institutional investors and hedge funds have recently added to or reduced their stakes in CW. BlackRock Inc. boosted its stake in Curtiss-Wright by 18.8% in the first quarter. BlackRock Inc. now owns 4,300,543 shares of the aerospace company’s stock valued at $645,770,000 after acquiring an additional 680,850 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Curtiss-Wright by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 3,638,915 shares of the aerospace company’s stock worth $810,714,000 after purchasing an additional 46,954 shares in the last quarter. State Street Corp grew its stake in Curtiss-Wright by 10.4% during the 1st quarter. State Street Corp now owns 1,500,162 shares of the aerospace company’s stock worth $225,531,000 after buying an additional 141,697 shares during the last quarter. Invesco Ltd. increased its position in Curtiss-Wright by 0.7% during the 3rd quarter. Invesco Ltd. now owns 1,307,585 shares of the aerospace company’s stock valued at $255,803,000 after buying an additional 8,470 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC acquired a new position in Curtiss-Wright during the 4th quarter valued at about $212,009,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

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.