Curtiss-Wright (NYSE:CW) Price Target Raised to $525.00 at Truist Financial

Key Points

• Truist Financial raised its price target for Curtiss-Wright from $463.00 to $525.00, while maintaining a "hold" rating, indicating a potential downside of 5.45% from the stock's current price.
• Analysts remain divided, with Deutsche Bank maintaining a "buy" rating and setting a price target of $625.00, contrasting with others who downgraded their ratings.
• Curtiss-Wright's recent quarterly earnings surpassed estimates, reporting earnings per share of $3.23 against a consensus of $3.13, along with an 11.7% year-over-year revenue increase to $876.58 million.

Curtiss-Wright (NYSE:CW - Get Free Report) had its price objective increased by equities researchers at Truist Financial from $463.00 to $525.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a "hold" rating on the aerospace company's stock. Truist Financial's price target suggests a potential downside of 5.45% from the stock's current price.

Several other equities research analysts have also commented on the stock. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $625.00 price objective on shares of Curtiss-Wright in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. Weiss Ratings restated a "buy (b)" rating on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Citigroup boosted their price objective on shares of Curtiss-Wright from $525.00 to $568.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Finally, Stifel Nicolaus boosted their price objective on shares of Curtiss-Wright from $450.00 to $457.00 and gave the stock a "hold" rating in a research note on Friday, August 8th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, Curtiss-Wright presently has an average rating of "Moderate Buy" and an average target price of $519.57.

Curtiss-Wright Price Performance

NYSE CW traded up $0.60 on Wednesday, hitting $555.26. 113,211 shares of the company's stock were exchanged, compared to its average volume of 302,450. The stock has a 50-day moving average of $506.86 and a 200-day moving average of $448.73. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.35. Curtiss-Wright has a 52 week low of $266.88 and a 52 week high of $575.07. The stock has a market cap of $20.92 billion, a price-to-earnings ratio of 46.87, a P/E/G ratio of 3.13 and a beta of 1.14.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share for the quarter, beating analysts' consensus estimates of $3.13 by $0.10. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%.The business had revenue of $876.58 million during the quarter, compared to the consensus estimate of $855.10 million. During the same period in the prior year, the business posted $2.67 earnings per share. Curtiss-Wright's quarterly revenue was up 11.7% on a year-over-year basis. Analysts expect that Curtiss-Wright will post 12.32 earnings per share for the current year.

Insider Activity at Curtiss-Wright

In other news, VP John C. Watts sold 1,110 shares of the business's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $480.50, for a total value of $533,355.00. Following the completion of the sale, the vice president owned 3,863 shares in the company, valued at approximately $1,856,171.50. The trade was a 22.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.55% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA purchased a new stake in shares of Curtiss-Wright during the second quarter valued at $270,731,000. Norges Bank acquired a new position in shares of Curtiss-Wright in the 2nd quarter valued at $241,537,000. Nuveen LLC acquired a new position in shares of Curtiss-Wright in the 1st quarter valued at $70,357,000. Munro Partners acquired a new position in shares of Curtiss-Wright in the 2nd quarter valued at $78,000,000. Finally, AQR Capital Management LLC raised its position in Curtiss-Wright by 45.8% during the second quarter. AQR Capital Management LLC now owns 388,493 shares of the aerospace company's stock worth $189,468,000 after acquiring an additional 122,048 shares during the period. Institutional investors and hedge funds own 82.71% of the company's stock.

About Curtiss-Wright

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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