Curtiss-Wright (NYSE:CW) Price Target Raised to $333.00 at Truist Financial

Curtiss-Wright (NYSE:CW - Get Free Report) had its price objective increased by analysts at Truist Financial from $304.00 to $333.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a "hold" rating on the aerospace company's stock. Truist Financial's price target would suggest a potential downside of 4.54% from the stock's previous close.

Several other research firms have also recently weighed in on CW. Robert W. Baird increased their price target on shares of Curtiss-Wright from $300.00 to $312.00 and gave the company an "outperform" rating in a report on Friday, August 9th. StockNews.com cut Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Monday, September 23rd. Stifel Nicolaus upped their price objective on Curtiss-Wright from $318.00 to $361.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Finally, Alembic Global Advisors initiated coverage on Curtiss-Wright in a report on Tuesday. They set an "overweight" rating and a $412.00 target price for the company. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $349.60.

Curtiss-Wright Stock Up 1.1 %

CW traded up $3.86 on Friday, hitting $348.82. 188,693 shares of the company were exchanged, compared to its average volume of 221,298. The company has a market cap of $13.36 billion, a PE ratio of 32.77 and a beta of 1.18. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.42 and a current ratio of 2.05. Curtiss-Wright has a 12 month low of $198.45 and a 12 month high of $371.04. The stock's fifty day moving average is $329.14 and its 200-day moving average is $294.25.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.43. The business had revenue of $785.00 million during the quarter, compared to the consensus estimate of $735.82 million. Curtiss-Wright had a net margin of 13.20% and a return on equity of 17.39%. Curtiss-Wright's revenue was up 11.4% on a year-over-year basis. During the same period last year, the business posted $2.15 EPS. Equities research analysts predict that Curtiss-Wright will post 10.58 EPS for the current fiscal year.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, Director Glenda J. Minor sold 500 shares of the business's stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $302.80, for a total transaction of $151,400.00. Following the completion of the transaction, the director now directly owns 1,382 shares in the company, valued at $418,469.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.67% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Versant Capital Management Inc grew its position in Curtiss-Wright by 5,050.0% during the 2nd quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company's stock worth $28,000 after acquiring an additional 101 shares during the last quarter. GPS Wealth Strategies Group LLC bought a new stake in shares of Curtiss-Wright during the second quarter worth about $30,000. EverSource Wealth Advisors LLC increased its stake in shares of Curtiss-Wright by 1,933.3% in the first quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company's stock valued at $31,000 after buying an additional 116 shares during the period. Tsfg LLC raised its holdings in Curtiss-Wright by 191.4% in the 3rd quarter. Tsfg LLC now owns 102 shares of the aerospace company's stock valued at $34,000 after buying an additional 67 shares during the last quarter. Finally, UMB Bank n.a. boosted its position in Curtiss-Wright by 303.8% during the 3rd quarter. UMB Bank n.a. now owns 105 shares of the aerospace company's stock worth $35,000 after buying an additional 79 shares during the period. Institutional investors own 82.71% of the company's stock.

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.