Curtiss-Wright (NYSE:CW) Price Target Raised to $333.00 at Truist Financial

Curtiss-Wright (NYSE:CW) had its price target increased by equities research analysts at Truist Financial from $304.00 to $333.00 in a report released on Friday, Benzinga reports. The firm presently has a “hold” rating on the aerospace company’s stock. Truist Financial’s target price suggests a potential downside of 4.43% from the company’s previous close.

A number of other brokerages have also recently issued reports on CW. Alembic Global Advisors initiated coverage on Curtiss-Wright in a report on Tuesday. They set an “overweight” rating and a $412.00 target price for the company. Stifel Nicolaus increased their price objective on shares of Curtiss-Wright from $318.00 to $361.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. StockNews.com lowered shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. Finally, Robert W. Baird increased their price target on Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Curtiss-Wright has an average rating of “Moderate Buy” and an average price target of $349.60.

Curtiss-Wright Price Performance

Shares of CW stock traded up $3.47 during midday trading on Friday, reaching $348.43. 13,088 shares of the company traded hands, compared to its average volume of 220,718. The firm’s 50 day simple moving average is $329.14 and its two-hundred day simple moving average is $294.25. The firm has a market cap of $13.34 billion, a PE ratio of 32.77 and a beta of 1.18. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.05 and a quick ratio of 1.42. Curtiss-Wright has a 1-year low of $198.45 and a 1-year high of $371.04.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $2.67 EPS for the quarter, beating the consensus estimate of $2.24 by $0.43. The business had revenue of $785.00 million for the quarter, compared to analyst estimates of $735.82 million. Curtiss-Wright had a net margin of 13.20% and a return on equity of 17.39%. The company’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.15 earnings per share. On average, equities research analysts expect that Curtiss-Wright will post 10.58 EPS for the current fiscal year.

Insider Activity

In other news, Director Glenda J. Minor sold 500 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $302.80, for a total transaction of $151,400.00. Following the completion of the transaction, the director now directly owns 1,382 shares in the company, valued at $418,469.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.67% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Curtiss-Wright

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position 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 period. Boston Partners grew its holdings in 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 acquiring an additional 40,657 shares during the period. Congress Asset Management Co. raised its position in shares of Curtiss-Wright by 136.8% during the 3rd quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company’s stock valued at $150,893,000 after acquiring an additional 265,205 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of 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 worth $133,102,000 after purchasing an additional 403,701 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. grew its stake in shares of Curtiss-Wright by 41.7% during the first quarter. Global Alpha Capital Management Ltd. now owns 352,813 shares of the aerospace company’s stock worth $90,299,000 after purchasing an additional 103,780 shares during the period. Institutional investors 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.