Curtiss-Wright (NYSE:CW) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Curtiss-Wright (NYSE:CW - Get Free Report) had its price target lifted by equities researchers at Robert W. Baird from $432.00 to $500.00 in a report issued on Thursday,Benzinga reports. The firm currently has an "outperform" rating on the aerospace company's stock. Robert W. Baird's price target suggests a potential upside of 16.68% from the stock's current price.

A number of other brokerages have also weighed in on CW. Truist Financial dropped their price objective on Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. Citigroup dropped their price objective 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 raised Curtiss-Wright from a "buy" rating to a "strong-buy" rating in a report on Tuesday, May 13th. Finally, Stifel Nicolaus lowered their target price on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $404.29.

Curtiss-Wright Stock Performance

Shares of NYSE:CW traded up $12.59 during trading on Thursday, reaching $428.52. The company had a trading volume of 379,845 shares, compared to its average volume of 272,858. The firm has a market capitalization of $16.14 billion, a price-to-earnings ratio of 40.62, a price-to-earnings-growth 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. The stock's fifty day moving average price is $345.02 and its 200 day moving average price is $349.20. Curtiss-Wright has a fifty-two week low of $258.85 and a fifty-two week high of $430.07.

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

Insider Buying and Selling

In related news, CFO K Christopher Farkas sold 4,780 shares of the stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $350.00, for a total transaction of $1,673,000.00. Following the transaction, the chief financial officer now directly owns 9,253 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Also, CEO Lynn M. Bamford sold 3,131 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total value of $1,018,858.71. Following the transaction, the chief executive officer now owns 42,887 shares in the company, valued at $13,955,858.67. This trade represents a 6.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,642 shares of company stock worth $3,581,107. 0.55% of the stock is owned by company insiders.

Hedge Funds Weigh In On Curtiss-Wright

A number of large investors have recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Curtiss-Wright by 0.9% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,319 shares of the aerospace company's stock worth $1,178,000 after purchasing an additional 29 shares during the period. Harbour Investments Inc. raised its holdings in shares of Curtiss-Wright by 10.6% in the 4th quarter. Harbour Investments Inc. now owns 312 shares of the aerospace company's stock worth $111,000 after purchasing an additional 30 shares during the period. Cornerstone Investment Partners LLC raised its holdings in shares of Curtiss-Wright by 3.6% in the 4th quarter. Cornerstone Investment Partners LLC now owns 918 shares of the aerospace company's stock worth $326,000 after purchasing an additional 32 shares during the period. Ascent Group LLC raised its holdings in shares of Curtiss-Wright by 4.9% in the 4th 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 period. Finally, Baird Financial Group Inc. raised its holdings in shares of Curtiss-Wright by 1.6% in the 4th 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 period. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

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.