Stifel Nicolaus Has Lowered Expectations for Curtiss-Wright (NYSE:CW) Stock Price

Key Points

• Stifel Nicolaus cut Curtiss-Wright’s price target from $700 to $518 and maintained a “Hold” rating, implying about 3.05% upside from the prior close.
• Analyst sentiment remains moderately positive, with a consensus “Moderate Buy” rating and average price target of $686.25, despite shares opening at $502.67 and trading near their one-year low.
• Curtiss-Wright recently exceeded quarterly earnings expectations, reporting $3.72 in EPS versus the $3.62 consensus, while revenue rose 5.4% year over year; two insiders also recently sold company shares.

Curtiss-Wright (NYSE:CW - Get Free Report) had its price target dropped by research analysts at Stifel Nicolaus from $700.00 to $518.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has a "hold" rating on the aerospace company's stock. Stifel Nicolaus' target price suggests a potential upside of 3.05% from the company's previous close.

Several other research analysts also recently weighed in on the stock. Morgan Stanley set a $625.00 price target on shares of Curtiss-Wright in a research report on Friday. Weiss Ratings cut shares of Curtiss-Wright from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, September 4th. Piper Sandler started coverage on shares of Curtiss-Wright in a research report on Wednesday, September 2nd. They set a "neutral" rating and a $665.00 price target on the stock. Deutsche Bank Aktiengesellschaft set a $801.00 price objective on shares of Curtiss-Wright in a report on Wednesday, August 12th. Finally, Guggenheim began coverage on shares of Curtiss-Wright in a research report on Monday, September 14th. They set a "buy" rating and a $786.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $686.25.

Curtiss-Wright Price Performance

NYSE:CW opened at $502.67 on Monday. Curtiss-Wright has a 1-year low of $490.05 and a 1-year high of $808.16. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.60 and a quick ratio of 1.12. The company has a 50 day moving average price of $579.54 and a 200-day moving average price of $680.18. The firm has a market cap of $18.56 billion, a price-to-earnings ratio of 34.60, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The aerospace company reported $3.72 earnings per share for the quarter, topping analysts' consensus estimates of $3.62 by $0.10. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. The business had revenue of $924.01 million during the quarter, compared to the consensus estimate of $926.17 million. During the same quarter in the prior year, the firm posted $3.23 earnings per share. The company's revenue was up 5.4% compared to the same quarter last year. Equities research analysts forecast that Curtiss-Wright will post 15.31 EPS for the current year.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, EVP John Watts sold 1,035 shares of the firm's stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $619.46, for a total transaction of $641,141.10. Following the completion of the sale, the executive vice president owned 2,736 shares of the company's stock, valued at $1,694,842.56. This trade represents a 27.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Larry D. Wyche sold 100 shares of Curtiss-Wright stock in a transaction on Friday, August 28th. The shares were sold at an average price of $596.74, for a total value of $59,674.00. Following the completion of the sale, the director owned 1,414 shares in the company, valued at $843,790.36. This represents a 6.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.51% of the company's stock.

Institutional Trading of Curtiss-Wright

Hedge funds and other institutional investors have recently modified their holdings of the business. Quantbot Technologies LP acquired a new position in Curtiss-Wright in the second quarter valued at about $30,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Curtiss-Wright during the second quarter valued at about $30,000. Fiduciary Financial Advisors acquired a new stake in shares of Curtiss-Wright during the second quarter valued at about $31,000. Elevation Wealth Partners LLC raised its stake in shares of Curtiss-Wright by 237.5% in the 2nd quarter. Elevation Wealth Partners LLC now owns 54 shares of the aerospace company's stock valued at $41,000 after acquiring an additional 38 shares during the period. Finally, Signature Equity Partners LLC raised its stake in shares of Curtiss-Wright by 140.0% in the 1st quarter. Signature Equity Partners LLC now owns 60 shares of the aerospace company's stock valued at $41,000 after acquiring an additional 35 shares during the period. 82.71% of the stock is owned by institutional investors and hedge funds.

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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