Curtiss-Wright (NYSE:CW) Price Target Raised to $357.00 at Truist Financial

Curtiss-Wright (NYSE:CW) had its price target upped by equities research analysts at Truist Financial from $333.00 to $357.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “hold” rating on the aerospace company’s stock. Truist Financial’s target price would indicate a potential upside of 0.55% from the company’s current price.

Several other equities analysts also recently commented on CW. StockNews.com downgraded shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd. Deutsche Bank Aktiengesellschaft assumed coverage on Curtiss-Wright in a report on Thursday, December 5th. They set a “buy” rating and a $452.00 price target on the stock. Alembic Global Advisors started coverage on Curtiss-Wright in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price objective for the company. Morgan Stanley upped 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. Finally, Stifel Nicolaus cut shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 target price on the stock. in a report on Monday, November 18th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $383.00.

Curtiss-Wright Trading Up 1.2 %

NYSE CW traded up $4.37 on Tuesday, reaching $355.03. The stock had a trading volume of 10,089 shares, compared to its average volume of 260,356. The company has a quick ratio of 1.39, a current ratio of 1.98 and a debt-to-equity ratio of 0.39. The stock has a fifty day moving average price of $364.85 and a two-hundred day moving average price of $329.13. Curtiss-Wright has a 12-month low of $217.57 and a 12-month high of $393.40. The firm has a market capitalization of $13.47 billion, a price-to-earnings ratio of 33.59, a P/E/G ratio of 2.92 and a beta of 1.18.

Insiders Place Their Bets

In other Curtiss-Wright news, VP John C. Watts sold 412 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total transaction of $148,134.60. Following the completion of the transaction, the vice president now owns 4,183 shares of the company’s stock, valued at approximately $1,503,997.65. This trade 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 Curtiss-Wright stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $368.80, for a total value of $2,629,175.20. Following the sale, the chief executive officer now owns 28,688 shares of the company’s stock, valued at approximately $10,580,134.40. This represents a 19.90 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 116 shares of company stock worth $35,278. Corporate insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On Curtiss-Wright

Several institutional investors and hedge funds have recently bought and sold shares of CW. Park Avenue Securities LLC raised its holdings in shares of Curtiss-Wright by 23.1% in the 4th quarter. Park Avenue Securities LLC now owns 5,615 shares of the aerospace company’s stock worth $1,993,000 after purchasing an additional 1,054 shares during the period. Kathmere Capital Management LLC raised its holdings in Curtiss-Wright by 8.5% in the fourth quarter. Kathmere Capital Management LLC now owns 731 shares of the aerospace company’s stock valued at $259,000 after buying an additional 57 shares during the period. Assenagon Asset Management S.A. purchased a new position in Curtiss-Wright in the fourth quarter valued at approximately $13,395,000. Wallace Advisory Group LLC acquired a new position in Curtiss-Wright during the fourth quarter valued at approximately $208,000. Finally, Clean Yield Group purchased a new stake in Curtiss-Wright during the fourth quarter worth approximately $124,000. Institutional investors and hedge funds 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.