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

Curtiss-Wright (NYSE:CW) had its target price lowered by stock analysts at Stifel Nicolaus from $331.00 to $309.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “hold” rating on the aerospace company’s stock. Stifel Nicolaus’ price target would suggest a potential downside of 3.63% from the company’s previous close.

CW has been the subject of a number of other reports. Truist Financial increased their price objective on Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. Citigroup decreased their price target on Curtiss-Wright from $450.00 to $424.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $380.14.

Curtiss-Wright Price Performance

Shares of CW opened at $320.64 on Monday. The business has a 50-day simple moving average of $320.92 and a two-hundred day simple moving average of $345.62. Curtiss-Wright has a 12-month low of $246.43 and a 12-month high of $393.40. The stock has a market cap of $12.08 billion, a PE ratio of 30.39, a PEG ratio of 2.48 and a beta of 1.03. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.12 by $0.15. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. Analysts anticipate that Curtiss-Wright will post 12.32 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 3,131 shares of Curtiss-Wright stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total value of $1,018,858.71. Following the completion of the sale, the chief executive officer now directly owns 42,887 shares of the company’s stock, valued at approximately $13,955,858.67. The trade was a 6.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP George P. Mcdonald sold 148 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total transaction of $48,160.68. Following the transaction, the vice president now directly owns 1,899 shares in the company, valued at $617,953.59. This trade represents a 7.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,797 shares of company stock valued at $7,436,255 over the last 90 days. Company insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On Curtiss-Wright

A number of institutional investors have recently modified their holdings of the company. YANKCOM Partnership bought a new stake in Curtiss-Wright during the 4th quarter valued at $31,000. Whipplewood Advisors LLC increased its position in shares of Curtiss-Wright by 1,566.7% during the first quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company’s stock worth $32,000 after acquiring an additional 94 shares in the last quarter. Minot DeBlois Advisors LLC acquired a new stake in shares of Curtiss-Wright in the 4th quarter worth about $35,000. Ancora Advisors LLC bought a new position in Curtiss-Wright in the 4th quarter valued at about $49,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Curtiss-Wright during the 3rd quarter valued at about $53,000. 82.71% of the stock is owned by institutional investors and hedge funds.

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.