Stifel Nicolaus Cuts Curtiss-Wright (NYSE:CW) Price Target to $309.00

Curtiss-Wright (NYSE:CW) had its price objective cut by research analysts at Stifel Nicolaus from $331.00 to $309.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a “hold” rating on the aerospace company’s stock. Stifel Nicolaus’ target price points to a potential downside of 2.44% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. Truist Financial raised their price objective on Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a research report on Tuesday, January 14th. Citigroup lowered their price objective on Curtiss-Wright from $450.00 to $424.00 and set a “buy” rating for the company in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Curtiss-Wright has a consensus rating of “Moderate Buy” and an average price target of $380.14.

Curtiss-Wright Trading Up 0.0 %

Shares of CW opened at $316.74 on Monday. Curtiss-Wright has a 1-year low of $246.43 and a 1-year high of $393.40. The firm has a market capitalization of $11.93 billion, a price-to-earnings ratio of 30.02, a PEG ratio of 2.48 and a beta of 1.03. The company has a 50-day moving average of $322.18 and a 200 day moving average of $345.85. 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) last posted its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.12 by $0.15. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. On average, research analysts expect that Curtiss-Wright will post 12.32 EPS for the current year.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, insider Paul J. Ferdenzi sold 1,907 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $346.98, for a total value of $661,690.86. Following the transaction, the insider now owns 18,405 shares in the company, valued at approximately $6,386,166.90. This trade represents a 9.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP George P. Mcdonald sold 148 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total value of $48,160.68. Following the completion of the transaction, the vice president now owns 1,899 shares of the company’s stock, valued at $617,953.59. The trade was a 7.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,797 shares of company stock valued at $7,436,255. 0.67% of the stock is owned by company insiders.

Institutional Investors Weigh In On Curtiss-Wright

Hedge funds have recently added to or reduced their stakes in the business. YANKCOM Partnership acquired a new position in shares of Curtiss-Wright during the fourth quarter worth about $31,000. Minot DeBlois Advisors LLC acquired a new position in shares of Curtiss-Wright during the fourth quarter worth $35,000. Whipplewood Advisors LLC increased its holdings in Curtiss-Wright by 1,566.7% in the first quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company’s stock valued at $32,000 after buying an additional 94 shares during the last quarter. Ancora Advisors LLC purchased a new stake in Curtiss-Wright during the 4th quarter worth about $49,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Curtiss-Wright during the 3rd quarter worth about $53,000. 82.71% of the stock is currently 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.