Curtiss-Wright (NYSE:CW) Price Target Raised to $312.00 at Robert W. Baird

Curtiss-Wright (NYSE:CW) had its price target increased by research analysts at Robert W. Baird from $300.00 to $312.00 in a research report issued on Friday, Benzinga reports. The firm currently has an “outperform” rating on the aerospace company’s stock. Robert W. Baird’s target price would indicate a potential upside of 7.10% from the company’s previous close.

Several other research firms have also issued reports on CW. Truist Financial increased their target price on shares of Curtiss-Wright from $252.00 to $270.00 and gave the stock a “hold” rating in a research note on Wednesday, May 22nd. Morgan Stanley raised their price target on shares of Curtiss-Wright from $284.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, May 23rd. Stifel Nicolaus raised their price target on shares of Curtiss-Wright from $310.00 to $318.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Finally, StockNews.com raised shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $307.50.

Curtiss-Wright Price Performance

Shares of CW stock traded up $4.67 during mid-day trading on Friday, hitting $291.33. 399,361 shares of the stock were exchanged, compared to its average volume of 209,979. The firm has a fifty day moving average of $276.75 and a 200 day moving average of $259.65. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.40. Curtiss-Wright has a 52-week low of $190.64 and a 52-week high of $297.53. The company has a market cap of $11.16 billion, a PE ratio of 30.00 and a beta of 1.18.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.43. Curtiss-Wright had a net margin of 12.78% and a return on equity of 16.79%. The business had revenue of $785.00 million for the quarter, compared to analyst estimates of $735.82 million. During the same period in the prior year, the company posted $2.15 EPS. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. Research analysts anticipate that Curtiss-Wright will post 10.25 earnings per share for the current year.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, COO Kevin Rayment sold 8,415 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $281.67, for a total value of $2,370,253.05. Following the completion of the sale, the chief operating officer now owns 19,914 shares in the company, valued at approximately $5,609,176.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director S Marce Fuller sold 5,300 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $281.04, for a total transaction of $1,489,512.00. Following the completion of the sale, the director now owns 25,770 shares in the company, valued at approximately $7,242,400.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Kevin Rayment sold 8,415 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $281.67, for a total transaction of $2,370,253.05. Following the sale, the chief operating officer now owns 19,914 shares of the company’s stock, valued at approximately $5,609,176.38. The disclosure for this sale can be found here. In the last quarter, insiders acquired 120 shares of company stock worth $27,914. Insiders own 0.67% of the company’s stock.

Institutional Trading of Curtiss-Wright

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Curtiss-Wright by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 3,657,854 shares of the aerospace company’s stock worth $936,191,000 after buying an additional 18,939 shares during the last quarter. Boston Partners increased its holdings in shares of Curtiss-Wright by 3.0% during the 1st quarter. Boston Partners now owns 1,393,662 shares of the aerospace company’s stock worth $356,684,000 after buying an additional 40,657 shares during the last quarter. Norges Bank acquired a new stake in shares of Curtiss-Wright during the 4th quarter worth approximately $113,885,000. Global Alpha Capital Management Ltd. increased its holdings in shares of Curtiss-Wright by 41.7% during the 1st quarter. Global Alpha Capital Management Ltd. now owns 352,813 shares of the aerospace company’s stock worth $90,299,000 after buying an additional 103,780 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Curtiss-Wright by 30,079.2% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 302,396 shares of the aerospace company’s stock worth $81,943,000 after buying an additional 301,394 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Company Profile

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.