Curtiss-Wright (NYSE:CW) has been given a $120.00 target price by equities research analysts at Stifel Nicolaus in a report issued on Thursday. The brokerage presently has a “hold” rating on the aerospace company’s stock. Stifel Nicolaus’ target price indicates a potential upside of 8.57% from the company’s current price.
Several other research firms have also commented on CW. Zacks Investment Research raised Curtiss-Wright from a “hold” rating to a “strong-buy” rating and set a $152.00 price target on the stock in a research report on Tuesday, October 9th. Seaport Global Securities reissued a “buy” rating on shares of Curtiss-Wright in a research report on Tuesday. ValuEngine raised Curtiss-Wright from a “hold” rating to a “buy” rating in a research report on Thursday, August 2nd. Finally, UBS Group initiated coverage on Curtiss-Wright in a research report on Wednesday, August 15th. They set a “neutral” rating and a $140.00 price target on the stock. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Curtiss-Wright presently has a consensus rating of “Buy” and an average target price of $138.50.
Curtiss-Wright stock traded down $0.41 during midday trading on Thursday, hitting $110.53. 234,266 shares of the company were exchanged, compared to its average volume of 310,174. The firm has a market capitalization of $4.81 billion, a PE ratio of 21.97, a price-to-earnings-growth ratio of 1.40 and a beta of 1.40. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.42 and a current ratio of 2.25. Curtiss-Wright has a fifty-two week low of $105.77 and a fifty-two week high of $143.38.
Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Tuesday, October 30th. The aerospace company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.58 by $0.12. The firm had revenue of $595.40 million for the quarter, compared to analyst estimates of $628.27 million. Curtiss-Wright had a return on equity of 17.59% and a net margin of 10.98%. Curtiss-Wright’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.43 EPS. On average, analysts forecast that Curtiss-Wright will post 6.18 earnings per share for the current fiscal year.
In other Curtiss-Wright news, Director S Marce Fuller sold 1,250 shares of the company’s stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $133.07, for a total value of $166,337.50. Following the transaction, the director now directly owns 11,734 shares of the company’s stock, valued at approximately $1,561,443.38. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Curtiss-Wright in the 3rd quarter valued at approximately $107,000. Fort L.P. acquired a new position in shares of Curtiss-Wright in the 2nd quarter valued at approximately $116,000. Sageworth Trust Co raised its position in shares of Curtiss-Wright by 1,075.0% in the 3rd quarter. Sageworth Trust Co now owns 1,175 shares of the aerospace company’s stock valued at $161,000 after purchasing an additional 1,075 shares in the last quarter. Vigilant Capital Management LLC acquired a new position in shares of Curtiss-Wright in the 2nd quarter valued at approximately $155,000. Finally, Cerebellum GP LLC acquired a new position in shares of Curtiss-Wright in the 3rd quarter valued at approximately $182,000. 75.20% of the stock is currently owned by institutional investors.
Curtiss-Wright Company Profile
Curtiss-Wright Corporation, together with its subsidiaries, designs, manufactures, and overhauls precision components, and engineered products and services primarily to the aerospace, defense, general industrial, and power generation markets worldwide. The company operates through three segments: Commercial/Industrial, Defense, and Power.
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