Piper Sandler Has Lowered Expectations for Curtiss-Wright (NYSE:CW) Stock Price

Key Points

• Piper Sandler cut its Curtiss-Wright price target to $544 from $586 and maintained a Neutral rating; the new target implies 16.82% upside from the share price cited.
• Analyst views are mixed: the stock has a MarketBeat consensus rating of Moderate Buy and an average target of $657.12, while several firms have recently lowered targets.
• Curtiss-Wright’s latest quarter beat earnings and revenue estimates, with revenue up 9.6% year over year. The shares rose 7.3% on Friday to $465.68.

Curtiss-Wright (NYSE:CW - Get Free Report) had its target price decreased by equities research analysts at Piper Sandler from $586.00 to $544.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a "neutral" rating on the aerospace company's stock. Piper Sandler's price target would suggest a potential upside of 16.82% from the company's current price.

A number of other research firms have also recently issued reports on CW. Citigroup dropped their price objective on Curtiss-Wright from $793.00 to $622.00 and set a "neutral" rating for the company in a report on Wednesday, October 7th. Wall Street Zen downgraded Curtiss-Wright from a "buy" rating to a "hold" rating in a research report on Saturday, August 15th. Guggenheim decreased their target price on Curtiss-Wright from $786.00 to $674.00 and set a "buy" rating for the company in a research report on Friday. Morgan Stanley lowered their target price on shares of Curtiss-Wright from $860.00 to $625.00 and set an "overweight" rating for the company in a research note on Friday, October 16th. Finally, Weiss Ratings cut shares of Curtiss-Wright from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, September 4th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Curtiss-Wright presently has an average rating of "Moderate Buy" and an average target price of $657.12.

Curtiss-Wright Trading Up 7.3%

Curtiss-Wright stock traded up $31.81 during midday trading on Friday, reaching $465.68. The stock had a trading volume of 232,722 shares, compared to its average volume of 325,532. The company has a quick ratio of 1.12, a current ratio of 1.60 and a debt-to-equity ratio of 0.27. The firm has a market cap of $17.20 billion, a price-to-earnings ratio of 31.07, a price-to-earnings-growth ratio of 1.89 and a beta of 0.94. Curtiss-Wright has a 52-week low of $432.70 and a 52-week high of $808.16. The company has a fifty day moving average of $528.12 and a 200 day moving average of $664.43.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its earnings results on Wednesday, November 4th. The aerospace company reported $3.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.76 by $0.18. Curtiss-Wright had a return on equity of 20.91% and a net margin of 14.86%. The business had revenue of $953.00 million during the quarter, compared to analyst estimates of $935.09 million. During the same quarter in the previous year, the business earned $3.31 earnings per share. The company's revenue for the quarter was up 9.6% compared to the same quarter last year. On average, analysts anticipate that Curtiss-Wright will post 15.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Curtiss-Wright

In other news, Director Larry D. Wyche sold 100 shares of the stock in a transaction on Friday, August 28th. The stock was sold at an average price of $596.74, for a total transaction of $59,674.00. Following the transaction, the director owned 1,414 shares of the company's stock, valued at approximately $843,790.36. This represents a 6.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John Watts sold 1,035 shares of the firm's stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $619.46, for a total value of $641,141.10. Following the transaction, the executive vice president owned 2,736 shares in the company, valued at approximately $1,694,842.56. This represents a 27.45% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.51% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Curtiss-Wright

Large investors have recently modified their holdings of the business. BlackRock Inc. acquired a new position in Curtiss-Wright in the 2nd quarter worth about $3,448,649,000. Primecap Management Co. CA purchased a new position in Curtiss-Wright during the second quarter worth approximately $390,106,000. Bank of New York Mellon Corp acquired a new stake in Curtiss-Wright in the second quarter valued at approximately $270,458,000. William Blair Investment Management LLC purchased a new stake in shares of Curtiss-Wright in the second quarter valued at approximately $240,442,000. Finally, First Trust Advisors LP increased its position in shares of Curtiss-Wright by 19.9% in the first quarter. First Trust Advisors LP now owns 206,021 shares of the aerospace company's stock valued at $140,325,000 after buying an additional 34,191 shares in the last quarter. Institutional investors own 82.71% of the company's stock.

Key Headlines Impacting Curtiss-Wright

Here are the key news stories impacting Curtiss-Wright this week:

• Positive Sentiment: Q3 beat expectations: Curtiss-Wright reported adjusted earnings of $3.94 per share versus analysts’ $3.76 estimate, and revenue of $953 million versus $935 million expected. Revenue increased 9.6% year over year. Curtiss-Wright Q3 results and guidance
• Positive Sentiment: Outlook and demand improved: The company raised its full-year 2026 sales-growth guidance to 8%–10%. Its backlog grew 12% year to date to $4.6 billion, supporting visibility into future business. Three takeaways for long-term investors
• Positive Sentiment: Additional Navy business: Curtiss-Wright won $225 million in U.S. Navy contracts, adding to its defense-sector opportunities. Curtiss-Wright wins Navy contracts
• Negative Sentiment: Guggenheim cut its price target to $674 from $786. The firm retained a Buy rating, so the revision is a cautionary signal rather than a downgrade. Guggenheim stock recommendations

Curtiss-Wright Company Profile

Curtiss-Wright Corporation NYSE: CW is a diversified industrial company that provides highly engineered products and services to the aerospace, defense, commercial nuclear power, and general industrial markets. The company designs and manufactures equipment used in applications that require reliable performance in demanding operating environments.

Its products and technologies include motion-control systems, valves, pumps, actuation equipment, sensors, data-acquisition systems, embedded computing products, and aircraft structural components.

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