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

Curtiss-Wright (NYSE:CW) had its price objective increased by investment analysts at Stifel Nicolaus from $255.00 to $272.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the aerospace company’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 8.28% from the stock’s previous close.

CW has been the subject of a number of other research reports. Truist Financial restated a “hold” rating and issued a $240.00 price objective (down previously from $250.00) on shares of Curtiss-Wright in a research note on Monday, March 25th. StockNews.com cut Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 26th. Finally, Robert W. Baird upped their price target on Curtiss-Wright from $246.00 to $300.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $260.25.

Curtiss-Wright Stock Performance

NYSE:CW traded up $1.26 during trading 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 firm has a market cap of $9.62 billion, a price-to-earnings ratio of 27.23 and a beta of 1.18. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.50 and a current ratio of 2.13. The firm has a 50 day moving average of $243.33 and a 200-day moving average of $223.82. Curtiss-Wright has a 12 month low of $157.72 and a 12 month high of $261.46.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Thursday, February 15th. The aerospace company reported $3.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.92 by $0.24. The firm had revenue of $785.79 million during the quarter, compared to the consensus estimate 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 for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.92 EPS. Research analysts expect that Curtiss-Wright will post 10.16 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO K Christopher Farkas sold 925 shares of the stock in a transaction dated 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 owns 10,052 shares of the company’s stock, valued at approximately $2,448,164.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Curtiss-Wright news, VP Paul J. Ferdenzi sold 2,500 shares of the company’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $250.00, for a total value of $625,000.00. Following the transaction, the vice president now directly owns 15,942 shares in the company, valued at approximately $3,985,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO K Christopher Farkas sold 925 shares of the stock in a transaction dated 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 owns 10,052 shares in the company, valued at $2,448,164.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,451 shares of company stock valued at $3,030,512. Corporate insiders own 0.55% of the company’s stock.

Hedge Funds Weigh In On Curtiss-Wright

Several institutional investors have recently modified their holdings of CW. American Century Companies Inc. increased its position in shares of Curtiss-Wright by 16.9% during the 1st quarter. American Century Companies Inc. now owns 4,094 shares of the aerospace company’s stock valued at $614,000 after purchasing an additional 593 shares during the last quarter. US Bancorp DE grew its position in Curtiss-Wright by 15.4% during the 1st quarter. US Bancorp DE now owns 5,655 shares of the aerospace company’s stock worth $849,000 after acquiring an additional 756 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Curtiss-Wright by 1.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,598 shares of the aerospace company’s stock worth $1,141,000 after acquiring an additional 121 shares during the last quarter. Acadian Asset Management LLC bought a new position in Curtiss-Wright during the 1st quarter worth approximately $308,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Curtiss-Wright by 10.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,381 shares of the aerospace company’s stock worth $2,159,000 after buying an additional 1,371 shares during the period. 82.71% of the stock is currently owned by institutional investors.

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.