Robert W. Baird Boosts Curtiss-Wright (NYSE:CW) Price Target to $500.00

Curtiss-Wright (NYSE:CW - Get Free Report) had its target price lifted by Robert W. Baird from $432.00 to $500.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an "outperform" rating on the aerospace company's stock. Robert W. Baird's price objective would indicate a potential upside of 12.91% from the company's current price.

A number of other equities analysts also recently issued reports on the company. Truist Financial dropped their price target on Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. Citigroup lowered their target price on Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Wall Street Zen upgraded Curtiss-Wright from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. Finally, Stifel Nicolaus reduced their price target 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. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Curtiss-Wright has a consensus rating of "Moderate Buy" and a consensus price target of $404.29.

Curtiss-Wright Stock Performance

Shares of Curtiss-Wright stock traded up $14.37 during trading on Thursday, hitting $442.82. 193,076 shares of the company's stock traded hands, compared to its average volume of 297,354. Curtiss-Wright has a 1 year low of $258.85 and a 1 year high of $444.65. The business has a 50-day simple moving average of $346.97 and a 200-day simple moving average of $349.30. The stock has a market capitalization of $16.68 billion, a P/E ratio of 41.97, a PEG ratio of 2.48 and a beta of 1.04. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $2.82 EPS for the quarter, topping analysts' consensus estimates of $2.39 by $0.43. The firm had revenue of $805.65 million during the quarter, compared to analyst estimates of $767.32 million. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. The business's revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.99 earnings per share. As a group, analysts forecast that Curtiss-Wright will post 12.32 EPS for the current year.

Insider Activity

In other Curtiss-Wright news, CFO K Christopher Farkas sold 4,780 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $350.00, for a total value of $1,673,000.00. Following the completion of the sale, the chief financial officer now owns 9,253 shares in the company, valued at approximately $3,238,550. This represents a 34.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP George P. Mcdonald sold 148 shares of the firm's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total value of $48,160.68. Following the sale, the vice president now directly owns 1,899 shares in the company, valued at approximately $617,953.59. This represents a 7.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,642 shares of company stock valued at $3,581,107 in the last ninety days. Corporate insiders own 0.55% of the company's stock.

Institutional Trading of Curtiss-Wright

Several institutional investors have recently made changes to their positions in the business. Acadian Asset Management LLC lifted its holdings in Curtiss-Wright by 336.1% in the 1st quarter. Acadian Asset Management LLC now owns 5,046 shares of the aerospace company's stock worth $1,599,000 after purchasing an additional 3,889 shares in the last quarter. Intech Investment Management LLC raised its position in shares of Curtiss-Wright by 104.1% during the first quarter. Intech Investment Management LLC now owns 13,359 shares of the aerospace company's stock valued at $4,238,000 after buying an additional 6,815 shares during the last quarter. Flaharty Asset Management LLC purchased a new position in shares of Curtiss-Wright in the first quarter worth $69,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Curtiss-Wright by 8.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 155,188 shares of the aerospace company's stock worth $49,236,000 after acquiring an additional 11,855 shares during the last quarter. Finally, Woodline Partners LP grew its stake in Curtiss-Wright by 53.8% during the first quarter. Woodline Partners LP now owns 67,227 shares of the aerospace company's stock valued at $21,329,000 after acquiring an additional 23,529 shares in the last quarter. Hedge funds and other institutional investors own 82.71% of the company's stock.

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.