Curtiss-Wright (NYSE:CW) Rating Lowered to Hold at Stifel Nicolaus

Curtiss-Wright (NYSE:CW) was downgraded by investment analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research note issued to investors on Monday, MarketBeat reports. They currently have a $370.00 price objective on the aerospace company’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 3.25% from the stock’s previous close.

A number of other analysts also recently issued reports on the company. StockNews.com downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd. Morgan Stanley lifted their target price on Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Robert W. Baird lifted their target price on Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Truist Financial lifted their target price on Curtiss-Wright from $304.00 to $333.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Finally, Alembic Global Advisors began coverage on Curtiss-Wright in a research note on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Curtiss-Wright currently has an average rating of “Moderate Buy” and a consensus price target of $364.40.

Curtiss-Wright Stock Down 0.8 %

Shares of CW opened at $358.35 on Monday. The company has a market cap of $13.60 billion, a PE ratio of 33.90 and a beta of 1.17. The business has a fifty day moving average of $342.77 and a 200 day moving average of $304.05. Curtiss-Wright has a 52-week low of $209.01 and a 52-week high of $393.40. The company has a quick ratio of 1.39, a current ratio of 1.98 and a debt-to-equity ratio of 0.39.

Insider Transactions at Curtiss-Wright

In other news, VP John C. Watts sold 412 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total transaction of $148,134.60. Following the sale, the vice president now owns 4,183 shares in the company, valued at approximately $1,503,997.65. The trade was a 8.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On Curtiss-Wright

A number of institutional investors and hedge funds have recently modified their holdings of CW. Vanguard Group Inc. increased its position in shares of Curtiss-Wright by 0.5% in the first quarter. Vanguard Group Inc. now owns 3,657,854 shares of the aerospace company’s stock valued at $936,191,000 after buying an additional 18,939 shares in the last quarter. Boston Partners increased its position in shares of Curtiss-Wright by 3.0% during the first quarter. Boston Partners now owns 1,393,662 shares of the aerospace company’s stock worth $356,684,000 after purchasing an additional 40,657 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Curtiss-Wright by 3.9% during the third quarter. Geode Capital Management LLC now owns 731,848 shares of the aerospace company’s stock worth $240,606,000 after purchasing an additional 27,607 shares in the last quarter. Congress Asset Management Co. grew its holdings in Curtiss-Wright by 136.8% in the 3rd quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company’s stock valued at $150,893,000 after buying an additional 265,205 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in Curtiss-Wright by 32,425.8% in the 3rd quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company’s stock valued at $133,102,000 after buying an additional 403,701 shares in the last quarter. Institutional investors and hedge funds 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.