Curtiss-Wright (NYSE:CW) Price Target Lowered to $584.00 at Stifel Nicolaus

Curtiss-Wright (NYSE:CW) had its target price lowered by analysts at Stifel Nicolaus from $587.00 to $584.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “hold” rating on the aerospace company’s stock. Stifel Nicolaus’ price target indicates a potential upside of 8.19% from the stock’s previous close.

CW has been the subject of a number of other research reports. Citigroup assumed coverage on shares of Curtiss-Wright in a research report on Thursday. They set a “neutral” rating and a $607.00 price objective for the company. Wall Street Zen lowered Curtiss-Wright from a “buy” rating to a “hold” rating in a report on Saturday. Morgan Stanley reissued an “overweight” rating and issued a $660.00 price target on shares of Curtiss-Wright in a report on Tuesday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $625.00 target price on shares of Curtiss-Wright in a research note on Wednesday, October 8th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Curtiss-Wright in a research report on Monday, December 8th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $585.50.

Curtiss-Wright Stock Down 1.4%

Shares of CW traded down $7.57 during midday trading on Tuesday, hitting $539.79. The company had a trading volume of 55,332 shares, compared to its average volume of 294,536. The company has a quick ratio of 1.17, a current ratio of 1.75 and a debt-to-equity ratio of 0.38. Curtiss-Wright has a 52 week low of $266.88 and a 52 week high of $612.28. The company’s 50 day moving average price is $559.58 and its 200 day moving average price is $513.47. The stock has a market cap of $19.91 billion, a price-to-earnings ratio of 43.99, a PEG ratio of 2.87 and a beta of 0.93.

Curtiss-Wright (NYSE:CW) last released its earnings results on Thursday, November 6th. The aerospace company reported $3.40 EPS for the quarter, topping analysts’ consensus estimates of $3.28 by $0.12. The company had revenue of $869.00 million for the quarter, compared to the consensus estimate of $869.03 million. Curtiss-Wright had a return on equity of 18.82% and a net margin of 13.78%.Curtiss-Wright’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.89 EPS. On average, equities research analysts predict that Curtiss-Wright will post 12.32 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Tudor Investment Corp ET AL increased its stake in shares of Curtiss-Wright by 100.3% in the third quarter. Tudor Investment Corp ET AL now owns 89,823 shares of the aerospace company’s stock worth $48,768,000 after acquiring an additional 44,977 shares during the last quarter. Allworth Financial LP grew its position in Curtiss-Wright by 162.7% in the third quarter. Allworth Financial LP now owns 289 shares of the aerospace company’s stock worth $157,000 after acquiring an additional 179 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of Curtiss-Wright by 3.5% during the 3rd quarter. IFP Advisors Inc now owns 683 shares of the aerospace company’s stock valued at $372,000 after purchasing an additional 23 shares in the last quarter. Swiss Life Asset Management Ltd boosted its holdings in Curtiss-Wright by 78.9% in the third quarter. Swiss Life Asset Management Ltd now owns 1,750 shares of the aerospace company’s stock worth $950,000 after purchasing an additional 772 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in Curtiss-Wright by 3.9% during the third quarter. JPMorgan Chase & Co. now owns 185,218 shares of the aerospace company’s stock worth $100,567,000 after buying an additional 7,022 shares during the last quarter. 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.