Curtiss-Wright Corporation (NYSE:CW) Given Average Rating of “Hold” by Analysts

Shares of Curtiss-Wright Corporation (NYSE:CW) have been given a consensus recommendation of “Hold” by the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $765.7143.

A number of brokerages have recently commented on CW. Citigroup increased their price objective on Curtiss-Wright from $775.00 to $793.00 and gave the company a “neutral” rating in a report on Wednesday, July 1st. Morgan Stanley reaffirmed an “overweight” rating and set a $860.00 target price on shares of Curtiss-Wright in a research report on Wednesday, July 15th. Piper Sandler initiated coverage on Curtiss-Wright in a report on Wednesday. They set a “neutral” rating and a $665.00 price target on the stock. Weiss Ratings raised shares of Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, August 21st. Finally, Robert W. Baird set a $870.00 price objective on shares of Curtiss-Wright in a research note on Friday, May 8th.

Insider Activity

In other Curtiss-Wright news, Director Larry D. Wyche sold 100 shares of the company’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $596.74, for a total transaction of $59,674.00. Following the completion of the sale, the director directly owned 1,414 shares in the company, valued at $843,790.36. This represents a 6.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lynn M. Bamford sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $721.72, for a total value of $1,804,300.00. Following the completion of the sale, the chief executive officer directly owned 48,134 shares in the company, valued at approximately $34,739,270.48. This represents a 4.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 4,034 shares of company stock valued at $2,793,173. 0.51% of the stock is owned by corporate insiders.

Institutional Trading of Curtiss-Wright

Several hedge funds have recently added to or reduced their stakes in CW. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Curtiss-Wright in the 2nd quarter valued at approximately $30,000. Quantbot Technologies LP acquired a new position in shares of Curtiss-Wright during the second quarter worth approximately $30,000. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Curtiss-Wright in the fourth quarter valued at approximately $31,000. Fiduciary Financial Advisors acquired a new stake in shares of Curtiss-Wright in the second quarter worth $31,000. Finally, Larson Financial Group LLC grew its stake in shares of Curtiss-Wright by 53.8% in the third quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 21 shares during the last quarter. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Trading Up 0.9%

Shares of NYSE:CW opened at $566.59 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.12 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $20.92 billion, a PE ratio of 38.99, a P/E/G ratio of 2.53 and a beta of 0.84. Curtiss-Wright has a 1 year low of $465.51 and a 1 year high of $808.16. The firm has a fifty day moving average price of $702.43 and a 200 day moving average price of $712.56.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Thursday, August 6th. The aerospace company reported $3.72 earnings per share for the quarter, beating the consensus estimate of $3.62 by $0.10. Curtiss-Wright had a return on equity of 20.49% and a net margin of 14.81%.The company had revenue of $924.01 million for the quarter, compared to analyst estimates of $926.17 million. During the same period last year, the company earned $3.23 earnings per share. The business’s revenue was up 5.4% compared to the same quarter last year. Analysts expect that Curtiss-Wright will post 15.28 EPS for the current fiscal year.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.