Citigroup Issues Positive Forecast for Curtiss-Wright (NYSE:CW) Stock Price

Curtiss-Wright (NYSE:CW - Get Free Report) had its price target hoisted by equities research analysts at Citigroup from $525.00 to $568.00 in a report released on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the aerospace company's stock. Citigroup's price objective would indicate a potential upside of 17.00% from the company's previous close.

CW has been the subject of several other reports. Robert W. Baird lifted their price objective on Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Truist Financial cut their price objective on Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating for the company in a report on Friday. Wall Street Zen raised shares of Curtiss-Wright from a "buy" rating to a "strong-buy" rating in a report on Saturday. Finally, Stifel Nicolaus cut their price target on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating for the company in a report on Monday, April 14th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $424.86.

Curtiss-Wright Stock Performance

Curtiss-Wright stock traded up $12.22 during mid-day trading on Monday, reaching $485.49. 99,587 shares of the company's stock were exchanged, compared to its average volume of 288,393. The business's fifty day simple moving average is $446.23 and its 200 day simple moving average is $373.25. Curtiss-Wright has a one year low of $258.85 and a one year high of $493.95. The firm has a market capitalization of $18.28 billion, a PE ratio of 43.22, a P/E/G ratio of 2.99 and a beta of 1.15. The company has a quick ratio of 1.28, a current ratio of 1.89 and a debt-to-equity ratio of 0.37.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $2.82 EPS for the quarter, topping the consensus estimate of $2.39 by $0.43. The firm had revenue of $805.65 million for the quarter, compared to the consensus estimate of $767.32 million. Curtiss-Wright had a net margin of 13.38% and a return on equity of 18.02%. The business's revenue was up 13.0% compared to the same quarter last year. During the same period last year, the firm posted $1.99 earnings per share. On average, sell-side analysts expect that Curtiss-Wright will post 12.32 earnings per share for the current year.

Insider Activity

In related news, VP John C. Watts sold 450 shares of the stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $449.36, for a total value of $202,212.00. Following the transaction, the vice president owned 4,959 shares of the company's stock, valued at $2,228,376.24. This represents a 8.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bruce D. Hoechner sold 1,900 shares of Curtiss-Wright stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $448.00, for a total value of $851,200.00. Following the sale, the director directly owned 4,523 shares of the company's stock, valued at approximately $2,026,304. This trade represents a 29.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,130 shares of company stock valued at $2,726,412. 0.55% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Whipplewood Advisors LLC raised its stake in Curtiss-Wright by 1,566.7% in the first quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company's stock valued at $32,000 after buying an additional 94 shares during the last quarter. 1 North Wealth Services LLC purchased a new stake in Curtiss-Wright during the 1st quarter worth approximately $32,000. Minot DeBlois Advisors LLC acquired a new position in Curtiss-Wright during the 4th quarter valued at approximately $35,000. Private Trust Co. NA lifted its stake in shares of Curtiss-Wright by 13,800.0% during the first quarter. Private Trust Co. NA now owns 139 shares of the aerospace company's stock worth $44,000 after buying an additional 138 shares during the period. Finally, Ancora Advisors LLC acquired a new stake in shares of Curtiss-Wright during the fourth quarter worth $49,000. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

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.

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