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Curtiss-Wright (NYSE:CW) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Curtiss-Wright logo with Aerospace background

Curtiss-Wright (NYSE:CW - Get Free Report) had its price objective raised by equities researchers at Morgan Stanley from $405.00 to $550.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an "overweight" rating on the aerospace company's stock. Morgan Stanley's price target points to a potential upside of 12.98% from the stock's previous close.

CW has been the subject of several other research reports. Truist Financial dropped their price target on shares of Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating for the company in a research note on Friday, July 11th. Robert W. Baird increased their price objective on shares of Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Wall Street Zen upgraded shares of Curtiss-Wright from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 12th. Stifel Nicolaus decreased 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 report on Monday, April 14th. Finally, Citigroup raised their price target on shares of Curtiss-Wright from $525.00 to $568.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $447.00.

Read Our Latest Stock Analysis on Curtiss-Wright

Curtiss-Wright Stock Performance

CW traded up $2.70 on Thursday, reaching $486.80. The company had a trading volume of 199,246 shares, compared to its average volume of 289,420. The company's fifty day moving average is $457.66 and its 200 day moving average is $377.75. Curtiss-Wright has a fifty-two week low of $258.85 and a fifty-two week high of $493.95. The stock has a market cap of $18.33 billion, a P/E ratio of 43.31, a P/E/G ratio of 3.08 and a beta of 1.15. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.28 and a current ratio of 1.89.

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. The company had revenue of $805.65 million during 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 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 predict that Curtiss-Wright will post 12.32 earnings per share for the current fiscal year.

Insider Transactions at Curtiss-Wright

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

Institutional Investors Weigh In On Curtiss-Wright

Hedge funds have recently made changes to their positions in the business. Minot DeBlois Advisors LLC purchased a new position in Curtiss-Wright during the 4th quarter valued at $35,000. Whipplewood Advisors LLC increased its position in Curtiss-Wright by 1,566.7% during the 1st quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company's stock valued at $32,000 after purchasing an additional 94 shares during the period. 1 North Wealth Services LLC purchased a new position in Curtiss-Wright during the 1st quarter valued at $32,000. West Oak Capital LLC purchased a new stake in shares of Curtiss-Wright in the 2nd quarter worth about $49,000. Finally, Ancora Advisors LLC purchased a new stake in shares of Curtiss-Wright in the 4th quarter worth about $49,000. 82.71% of the stock is currently owned by institutional investors.

About Curtiss-Wright

(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.

Further Reading

Analyst Recommendations for Curtiss-Wright (NYSE:CW)

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