Curtiss-Wright (NYSE:CW) PT Raised to $312.00 at Robert W. Baird

Curtiss-Wright (NYSE:CW) had its target price upped by Robert W. Baird from $300.00 to $312.00 in a research report report published on Friday morning, Benzinga reports. They currently have an outperform rating on the aerospace company’s stock.

Other equities analysts also recently issued research reports about the stock. Truist Financial raised their price target on shares of Curtiss-Wright from $252.00 to $270.00 and gave the company a hold rating in a research note on Wednesday, May 22nd. Morgan Stanley upped their price target on Curtiss-Wright from $284.00 to $330.00 and gave the company an overweight rating in a research report on Thursday, May 23rd. StockNews.com upgraded Curtiss-Wright from a buy rating to a strong-buy rating in a research report on Thursday, August 8th. Finally, Stifel Nicolaus upped their target price on Curtiss-Wright from $310.00 to $318.00 and gave the company a buy rating in a report on Thursday, July 18th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Buy and an average target price of $307.50.

Curtiss-Wright Trading Up 2.5 %

NYSE CW opened at $298.66 on Friday. Curtiss-Wright has a twelve month low of $190.64 and a twelve month high of $298.95. The business’s fifty day moving average is $277.09 and its 200 day moving average is $260.43. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.40. The company has a market cap of $11.44 billion, a price-to-earnings ratio of 30.76 and a beta of 1.18.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $2.67 EPS for the quarter, beating analysts’ consensus estimates of $2.24 by $0.43. Curtiss-Wright had a return on equity of 16.79% and a net margin of 12.78%. The firm had revenue of $785.00 million for the quarter, compared to analyst estimates of $735.82 million. During the same period last year, the firm posted $2.15 earnings per share. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. As a group, sell-side analysts expect that Curtiss-Wright will post 10.25 EPS for the current fiscal year.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, Director S Marce Fuller sold 5,300 shares of Curtiss-Wright stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $281.04, for a total value of $1,489,512.00. Following the completion of the sale, the director now directly owns 25,770 shares in the company, valued at $7,242,400.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director S Marce Fuller sold 5,300 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $281.04, for a total transaction of $1,489,512.00. Following the transaction, the director now owns 25,770 shares in the company, valued at $7,242,400.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Kevin Rayment sold 8,415 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $281.67, for a total transaction of $2,370,253.05. Following the transaction, the chief operating officer now directly owns 19,914 shares in the company, valued at approximately $5,609,176.38. The disclosure for this sale can be found here. Insiders have acquired a total of 120 shares of company stock worth $27,914 in the last 90 days. Corporate insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On Curtiss-Wright

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Curtiss-Wright by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 3,657,854 shares of the aerospace company’s stock valued at $936,191,000 after purchasing an additional 18,939 shares in the last quarter. Boston Partners increased its position in shares of Curtiss-Wright by 3.0% during the first quarter. Boston Partners now owns 1,393,662 shares of the aerospace company’s stock worth $356,684,000 after acquiring an additional 40,657 shares in the last quarter. Norges Bank acquired a new stake in shares of Curtiss-Wright in the 4th quarter worth about $113,885,000. Global Alpha Capital Management Ltd. lifted its position in Curtiss-Wright by 41.7% in the 1st quarter. Global Alpha Capital Management Ltd. now owns 352,813 shares of the aerospace company’s stock valued at $90,299,000 after acquiring an additional 103,780 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Curtiss-Wright by 30,079.2% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 302,396 shares of the aerospace company’s stock valued at $81,943,000 after purchasing an additional 301,394 shares during the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

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.