Curtiss-Wright (NYSE:CW) Given New $338.00 Price Target at Truist Financial

Curtiss-Wright (NYSE:CW - Get Free Report) had its price target lowered by Truist Financial from $356.00 to $338.00 in a report issued on Friday,Benzinga reports. The firm presently has a "hold" rating on the aerospace company's stock. Truist Financial's price objective would indicate a potential downside of 28.85% from the stock's current price.

Several other equities analysts also recently commented on the stock. Stifel Nicolaus dropped their price objective on shares of Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating for the company in a research note on Monday, April 14th. Citigroup increased their price objective on shares of Curtiss-Wright from $444.00 to $520.00 and gave the company a "buy" rating in a research note on Monday, June 9th. Wall Street Zen downgraded shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 24th. Finally, Robert W. Baird increased their price objective on shares of Curtiss-Wright from $432.00 to $500.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $418.00.

Curtiss-Wright Price Performance

Shares of Curtiss-Wright stock traded up $0.57 on Friday, reaching $475.06. 33,958 shares of the stock were exchanged, compared to its average volume of 287,424. The firm's 50 day moving average is $443.91 and its 200-day moving average is $372.33. Curtiss-Wright has a one year low of $258.85 and a one year high of $495.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.28 and a current ratio of 1.89. The firm has a market cap of $17.89 billion, a PE ratio of 42.22, a P/E/G ratio of 3.17 and a beta of 1.15.

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

Insider Activity

In other news, CFO K Christopher Farkas sold 4,780 shares of the stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $350.00, for a total transaction of $1,673,000.00. Following the completion of the sale, the chief financial officer directly owned 9,253 shares in the company, valued at $3,238,550. This represents a 34.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP John C. Watts sold 450 shares of the stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $449.36, for a total transaction of $202,212.00. Following the sale, the vice president owned 4,959 shares of the company's stock, valued at approximately $2,228,376.24. This trade represents a 8.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,130 shares of company stock valued at $2,726,412. Insiders own 0.55% of the company's stock.

Institutional Investors Weigh In On Curtiss-Wright

Several large investors have recently modified their holdings of CW. Whipplewood Advisors LLC increased its position in shares of Curtiss-Wright by 1,566.7% during the first quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company's stock worth $32,000 after buying an additional 94 shares during the period. 1 North Wealth Services LLC acquired a new stake in shares of Curtiss-Wright during the first quarter worth $32,000. Minot DeBlois Advisors LLC acquired a new stake in Curtiss-Wright in the fourth quarter worth $35,000. Private Trust Co. NA increased its stake in Curtiss-Wright by 13,800.0% in the first quarter. Private Trust Co. NA now owns 139 shares of the aerospace company's stock valued at $44,000 after purchasing an additional 138 shares in the last quarter. Finally, Ancora Advisors LLC bought a new stake in Curtiss-Wright in the fourth quarter valued at $49,000. 82.71% of the stock is currently owned by institutional investors and hedge funds.

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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