Curtiss-Wright (NYSE:CW) Price Target Raised to $550.00

Curtiss-Wright (NYSE:CW - Get Free Report) had its price objective increased by investment analysts at Morgan Stanley from $405.00 to $550.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an "overweight" rating on the aerospace company's stock. Morgan Stanley's price objective points to a potential upside of 14.10% from the stock's current price.

CW has been the subject of a number of other research reports. Citigroup increased their price target on Curtiss-Wright from $525.00 to $568.00 and gave the company a "buy" rating in a report on Monday. Robert W. Baird increased 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 decreased their price target on Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating for the company in a research note on Friday, July 11th. Wall Street Zen upgraded Curtiss-Wright from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 12th. Finally, Stifel Nicolaus cut their price objective 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 equities research 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, the stock currently has an average rating of "Moderate Buy" and an average price target of $447.00.

Curtiss-Wright Stock Performance

NYSE CW opened at $482.05 on Thursday. The stock has a fifty day simple moving average of $453.49 and a 200-day simple moving average of $375.62. Curtiss-Wright has a twelve month low of $258.85 and a twelve month high of $493.95. The stock has a market cap of $18.15 billion, a PE ratio of 42.89, a P/E/G ratio of 3.03 and a beta of 1.15. The company has a current ratio of 1.89, a quick ratio of 1.28 and a debt-to-equity ratio of 0.37.

Curtiss-Wright (NYSE:CW - Get Free Report) last released 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. Curtiss-Wright had a return on equity of 18.02% and a net margin of 13.38%. The company had revenue of $805.65 million for the quarter, compared to analyst estimates of $767.32 million. During the same quarter in the previous year, the company posted $1.99 earnings per share. The firm's revenue was up 13.0% compared to the same quarter last year. Equities analysts anticipate that Curtiss-Wright will post 12.32 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Curtiss-Wright by 0.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,319 shares of the aerospace company's stock worth $1,178,000 after buying an additional 29 shares during the last quarter. Harbour Investments Inc. raised its position in shares of Curtiss-Wright by 10.6% during the fourth quarter. Harbour Investments Inc. now owns 312 shares of the aerospace company's stock valued at $111,000 after buying an additional 30 shares during the last quarter. Ascent Group LLC increased its position in Curtiss-Wright by 4.9% in the fourth quarter. Ascent Group LLC now owns 713 shares of the aerospace company's stock worth $253,000 after purchasing an additional 33 shares during the last quarter. Baird Financial Group Inc. increased its position in Curtiss-Wright by 1.6% in the fourth quarter. Baird Financial Group Inc. now owns 2,122 shares of the aerospace company's stock worth $753,000 after purchasing an additional 34 shares during the last quarter. Finally, Portside Wealth Group LLC increased its position in Curtiss-Wright by 1.6% in the first quarter. Portside Wealth Group LLC now owns 2,144 shares of the aerospace company's stock worth $680,000 after purchasing an additional 34 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors.

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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