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

Curtiss-Wright logo with Aerospace background

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.

Check Out Our Latest Analysis on CW

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

(Get Free Report)

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.

See Also

Analyst Recommendations for Curtiss-Wright (NYSE:CW)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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