Curtiss-Wright Co. (NYSE:CW) Receives $260.25 Consensus Price Target from Analysts

Curtiss-Wright Co. (NYSE:CW) has received an average rating of “Moderate Buy” from the five ratings firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $277.00.

Several research analysts recently weighed in on the company. Truist Financial increased their price objective on Curtiss-Wright from $240.00 to $252.00 and gave the stock a “hold” rating in a research report on Friday, May 3rd. StockNews.com raised shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 5th. Robert W. Baird lifted their price target on shares of Curtiss-Wright from $246.00 to $300.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. Stifel Nicolaus upped their price objective on shares of Curtiss-Wright from $255.00 to $272.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Finally, Morgan Stanley increased their price objective on shares of Curtiss-Wright from $260.00 to $284.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd.

Insider Buying and Selling

In other Curtiss-Wright news, VP Paul J. Ferdenzi sold 2,500 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $240.00, for a total value of $600,000.00. Following the completion of the transaction, the vice president now owns 17,383 shares in the company, valued at $4,171,920. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Lynn M. Bamford sold 2,620 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $243.60, for a total transaction of $638,232.00. Following the completion of the transaction, the chief executive officer now owns 35,773 shares in the company, valued at $8,714,302.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Paul J. Ferdenzi sold 2,500 shares of Curtiss-Wright stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $240.00, for a total value of $600,000.00. Following the sale, the vice president now directly owns 17,383 shares of the company’s stock, valued at $4,171,920. The disclosure for this sale can be found here. Insiders have sold a total of 12,451 shares of company stock valued at $3,030,512 in the last ninety days. Company insiders own 0.55% of the company’s stock.

Institutional Investors Weigh In On Curtiss-Wright

Institutional investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Curtiss-Wright in the 4th quarter valued at $113,885,000. Fiera Capital Corp acquired a new stake in shares of Curtiss-Wright during the third quarter worth about $31,386,000. Public Employees Retirement Association of Colorado lifted its holdings in shares of Curtiss-Wright by 1,901.3% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 150,377 shares of the aerospace company’s stock valued at $33,502,000 after purchasing an additional 142,863 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Curtiss-Wright during the 4th quarter worth approximately $31,816,000. Finally, Global Alpha Capital Management Ltd. increased its position in 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 buying an additional 103,780 shares during the period. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Price Performance

CW stock opened at $277.08 on Friday. Curtiss-Wright has a 1 year low of $157.85 and a 1 year high of $279.79. The firm has a market capitalization of $10.61 billion, a PE ratio of 28.54 and a beta of 1.18. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.02 and a quick ratio of 1.38. The business has a 50 day simple moving average of $252.09 and a 200-day simple moving average of $230.46.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Wednesday, May 1st. The aerospace company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.24. Curtiss-Wright had a net margin of 12.78% and a return on equity of 16.79%. The firm had revenue of $713.17 million for the quarter, compared to analysts’ expectations of $664.01 million. During the same quarter in the previous year, the company posted $1.53 EPS. The company’s revenue was up 13.0% compared to the same quarter last year. Equities research analysts anticipate that Curtiss-Wright will post 10.27 earnings per share for the current fiscal year.

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.