Stifel Nicolaus Downgrades Curtiss-Wright (NYSE:CW) to Hold

Curtiss-Wright (NYSE:CW) was downgraded by research analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, Marketbeat.com reports. They presently have a $370.00 target price on the aerospace company’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 2.23% from the stock’s previous close.

Several other research firms also recently weighed in on CW. Morgan Stanley lifted their target price on shares of Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Robert W. Baird lifted their target price on shares of Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Truist Financial lifted their target price on shares of Curtiss-Wright from $304.00 to $333.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. StockNews.com downgraded shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd. Finally, Alembic Global Advisors began coverage on shares of Curtiss-Wright in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 target price for the company. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and an average target price of $364.40.

Curtiss-Wright Stock Performance

NYSE CW opened at $361.93 on Monday. Curtiss-Wright has a 52-week low of $209.01 and a 52-week high of $393.40. The company has a 50-day simple moving average of $345.18 and a 200 day simple moving average of $305.34. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 1.98. The company has a market capitalization of $13.74 billion, a PE ratio of 34.24 and a beta of 1.17.

Insider Activity

In other Curtiss-Wright news, VP John C. Watts sold 412 shares of Curtiss-Wright stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total transaction of $148,134.60. Following the completion of the sale, the vice president now directly owns 4,183 shares in the company, valued at $1,503,997.65. The trade was a 8.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.55% of the stock is owned by company insiders.

Institutional Investors Weigh In On Curtiss-Wright

Hedge funds have recently bought and sold shares of the stock. Tsfg LLC lifted its position in Curtiss-Wright by 191.4% during the third quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock valued at $34,000 after purchasing an additional 67 shares during the last quarter. Versant Capital Management Inc lifted its position in Curtiss-Wright by 5,050.0% during the second quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 101 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Curtiss-Wright by 303.8% in the 3rd quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock worth $35,000 after acquiring an additional 79 shares during the last quarter. GPS Wealth Strategies Group LLC bought a new stake in shares of Curtiss-Wright in the 2nd quarter worth approximately $30,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Curtiss-Wright by 1,933.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company’s stock worth $31,000 after acquiring an additional 116 shares during the last quarter. 82.71% of the stock is currently owned by 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.