Truist Financial Forecasts Strong Price Appreciation for Curtiss-Wright (NYSE:CW) Stock

Curtiss-Wright (NYSE:CW - Get Free Report) had its price target lifted by equities researchers at Truist Financial from $333.00 to $357.00 in a report released on Tuesday,Benzinga reports. The firm currently has a "hold" rating on the aerospace company's stock. Truist Financial's price objective would indicate a potential downside of 0.81% from the stock's current price.

CW has been the subject of a number of other research reports. Alembic Global Advisors started coverage on shares of Curtiss-Wright in a research report on Tuesday, October 29th. They set an "overweight" rating and a $412.00 price target for the company. Morgan Stanley raised their price target on Curtiss-Wright from $334.00 to $395.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. StockNews.com lowered shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Monday, September 23rd. Stifel Nicolaus cut Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 price target for the company. in a research note on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Curtiss-Wright in a research note on Thursday, December 5th. They set a "buy" rating and a $452.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Curtiss-Wright has an average rating of "Moderate Buy" and a consensus target price of $383.00.

Curtiss-Wright Stock Up 2.6 %

Curtiss-Wright stock traded up $9.26 during midday trading on Tuesday, hitting $359.92. 197,932 shares of the company were exchanged, compared to its average volume of 284,340. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.39. Curtiss-Wright has a fifty-two week low of $217.57 and a fifty-two week high of $393.40. The company's fifty day moving average price is $364.85 and its 200-day moving average price is $329.13. The company has a market cap of $13.66 billion, a PE ratio of 34.05, a price-to-earnings-growth ratio of 2.92 and a beta of 1.18.

Insiders Place Their Bets

In related news, VP John C. Watts sold 412 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total value of $148,134.60. Following the transaction, the vice president now owns 4,183 shares in the company, valued at approximately $1,503,997.65. This represents a 8.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Lynn M. Bamford sold 7,129 shares of the company's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $368.80, for a total transaction of $2,629,175.20. Following the completion of the sale, the chief executive officer now owns 28,688 shares of the company's stock, valued at $10,580,134.40. This represents a 19.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have bought 116 shares of company stock worth $35,278. Corporate insiders own 0.67% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CW. Magnetar Financial LLC bought a new position in shares of Curtiss-Wright in the second quarter worth about $3,025,000. MML Investors Services LLC lifted its holdings in shares of Curtiss-Wright by 21.8% during the third quarter. MML Investors Services LLC now owns 9,786 shares of the aerospace company's stock worth $3,217,000 after buying an additional 1,754 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in shares of Curtiss-Wright in the third quarter valued at approximately $542,000. Fisher Asset Management LLC grew its stake in shares of Curtiss-Wright by 8.4% in the third quarter. Fisher Asset Management LLC now owns 70,454 shares of the aerospace company's stock worth $23,158,000 after acquiring an additional 5,437 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Curtiss-Wright by 9.8% during the third quarter. JPMorgan Chase & Co. now owns 119,142 shares of the aerospace company's stock worth $39,161,000 after acquiring an additional 10,642 shares during the period. Institutional investors own 82.71% of the company's stock.

About Curtiss-Wright

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.