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

Curtiss-Wright (NYSE:CW) had its price objective hoisted by Stifel Nicolaus from $255.00 to $272.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the aerospace company’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 8.28% from the company’s previous close.

Other analysts have also issued reports about the company. Truist Financial reaffirmed a “hold” rating and issued a $240.00 price target (down from $250.00) on shares of Curtiss-Wright in a research note on Monday, March 25th. Robert W. Baird lifted their price target on Curtiss-Wright from $246.00 to $300.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. Finally, StockNews.com lowered 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 assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $260.25.

Curtiss-Wright Price Performance

Shares of Curtiss-Wright stock traded up $1.26 on Wednesday, reaching $251.19. The company’s stock had a trading volume of 69,338 shares, compared to its average volume of 187,053. The company has a market capitalization of $9.62 billion, a P/E ratio of 27.23 and a beta of 1.18. Curtiss-Wright has a 52-week low of $157.72 and a 52-week high of $261.46. The stock has a 50-day moving average price of $243.33 and a 200-day moving average price of $223.82. The company has a quick ratio of 1.50, a current ratio of 2.13 and a debt-to-equity ratio of 0.45.

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

Insiders Place Their Bets

In other news, VP Paul J. Ferdenzi sold 2,500 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $240.00, for a total value of $600,000.00. Following the transaction, the vice president now owns 17,383 shares of the company’s stock, valued at approximately $4,171,920. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, VP Paul J. Ferdenzi sold 2,500 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $240.00, for a total value of $600,000.00. Following the transaction, the vice president now owns 17,383 shares of the company’s stock, valued at approximately $4,171,920. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Kevin Rayment sold 1,070 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $243.50, for a total value of $260,545.00. Following the completion of the transaction, the chief operating officer now directly owns 28,329 shares in the company, valued at approximately $6,898,111.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,451 shares of company stock valued at $3,030,512. Insiders own 0.55% of the company’s stock.

Institutional Investors Weigh In On Curtiss-Wright

Institutional investors and hedge funds have recently modified their holdings of the company. Pacer Advisors Inc. raised its holdings in shares of Curtiss-Wright by 92.5% in the 4th quarter. Pacer Advisors Inc. now owns 8,235 shares of the aerospace company’s stock valued at $1,835,000 after buying an additional 3,957 shares during the period. Cadinha & Co. LLC raised its holdings in shares of Curtiss-Wright by 1,101.1% in the 4th quarter. Cadinha & Co. LLC now owns 69,605 shares of the aerospace company’s stock valued at $15,507,000 after buying an additional 63,810 shares during the period. Los Angeles Capital Management LLC raised its holdings in shares of Curtiss-Wright by 729.1% in the 3rd quarter. Los Angeles Capital Management LLC now owns 20,428 shares of the aerospace company’s stock valued at $3,996,000 after buying an additional 17,964 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Curtiss-Wright by 71.8% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 6,994 shares of the aerospace company’s stock valued at $1,558,000 after buying an additional 2,924 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Curtiss-Wright by 80.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 69,463 shares of the aerospace company’s stock valued at $13,589,000 after buying an additional 30,972 shares during the period. 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.