Curtiss-Wright Co. (NYSE:CW) Given Average Rating of “Moderate Buy” by Analysts

Shares of Curtiss-Wright Co. (NYSE:CW) have been given an average recommendation of “Moderate Buy” by the five analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $277.00.

A number of equities analysts have recently weighed in on the company. Robert W. Baird upped their target price on Curtiss-Wright from $246.00 to $300.00 and gave the company an “outperform” rating in a report on Monday, April 8th. Stifel Nicolaus upped their price objective on shares of Curtiss-Wright from $255.00 to $272.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Truist Financial lifted their target price on shares of Curtiss-Wright from $240.00 to $252.00 and gave the company a “hold” rating in a research note on Friday, May 3rd. Morgan Stanley boosted their price target on shares of Curtiss-Wright from $260.00 to $284.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Finally, StockNews.com raised Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 5th.

Curtiss-Wright Stock Up 1.0 %

CW stock opened at $277.08 on Friday. The company’s 50 day simple moving average is $252.09 and its 200-day simple moving average is $230.46. Curtiss-Wright has a 52-week low of $157.85 and a 52-week high of $279.79. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.02 and a quick ratio of 1.38. The firm has a market capitalization of $10.61 billion, a P/E ratio of 28.54 and a beta of 1.18.

Curtiss-Wright (NYSE:CW) last released its earnings results on Wednesday, May 1st. The aerospace company reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.24. The company had revenue of $713.17 million during the quarter, compared to analyst estimates of $664.01 million. Curtiss-Wright had a return on equity of 16.79% and a net margin of 12.78%. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.53 earnings per share. As a group, equities research analysts anticipate that Curtiss-Wright will post 10.27 EPS for the current year.

Insider Activity

In related news, VP Paul J. Ferdenzi sold 2,500 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $250.00, for a total transaction of $625,000.00. Following the completion of the sale, the vice president now directly owns 15,942 shares of the company’s stock, valued at approximately $3,985,500. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CFO K Christopher Farkas sold 925 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $243.55, for a total transaction of $225,283.75. Following the completion of the transaction, the chief financial officer now directly owns 10,052 shares in the company, valued at $2,448,164.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Paul J. Ferdenzi sold 2,500 shares of the stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $250.00, for a total value of $625,000.00. Following the completion of the sale, the vice president now directly owns 15,942 shares of the company’s stock, valued at $3,985,500. The disclosure for this sale can be found here. Insiders have sold a total of 12,451 shares of company stock valued at $3,030,512 over the last 90 days. 0.55% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Curtiss-Wright

Large investors have recently bought and sold shares of the stock. Contravisory Investment Management Inc. acquired a new position in shares of Curtiss-Wright during the fourth quarter valued at about $25,000. First Horizon Advisors Inc. raised its holdings in Curtiss-Wright by 1,100.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 144 shares of the aerospace company’s stock valued at $28,000 after acquiring an additional 132 shares in the last quarter. Montag A & Associates Inc. lifted its position in shares of Curtiss-Wright by 67.0% in the 3rd quarter. Montag A & Associates Inc. now owns 152 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 61 shares during the period. Creekmur Asset Management LLC acquired a new stake in shares of Curtiss-Wright during the 4th quarter worth approximately $32,000. Finally, Venturi Wealth Management LLC increased its position in shares of Curtiss-Wright by 53.6% during the fourth quarter. Venturi Wealth Management LLC now owns 149 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 52 shares during the period. 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.