Morgan Stanley Boosts Curtiss-Wright (NYSE:CW) Price Target to $330.00

Curtiss-Wright (NYSE:CW) had its target price upped by analysts at Morgan Stanley from $284.00 to $330.00 in a research note issued on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the aerospace company’s stock. Morgan Stanley’s price target suggests a potential upside of 17.70% from the company’s previous close.

A number of other brokerages also recently issued reports on CW. Stifel Nicolaus increased their price target on shares of Curtiss-Wright from $293.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday. Robert W. Baird increased their price target on shares of Curtiss-Wright from $246.00 to $300.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Truist Financial increased their price target on shares of Curtiss-Wright from $252.00 to $270.00 and gave the stock a “hold” rating in a report on Wednesday. Finally, StockNews.com raised shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 5th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $302.50.

Curtiss-Wright Price Performance

NYSE CW opened at $280.37 on Thursday. The company has a market cap of $10.74 billion, a PE ratio of 28.87 and a beta of 1.18. Curtiss-Wright has a 52 week low of $157.85 and a 52 week high of $286.23. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.40. The firm’s 50-day simple moving average is $258.89 and its two-hundred day simple moving average is $235.62.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, May 1st. The aerospace company reported $1.99 EPS for the quarter, beating the consensus estimate of $1.75 by $0.24. The business had revenue of $713.17 million for the quarter, compared to the consensus estimate of $664.01 million. Curtiss-Wright had a net margin of 12.78% and a return on equity of 16.79%. The company’s revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.53 earnings per share. Research analysts predict that Curtiss-Wright will post 10.31 earnings per share for the current year.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, VP Paul J. Ferdenzi sold 2,500 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $240.00, for a total transaction of $600,000.00. Following the transaction, the vice president now directly owns 17,383 shares in the company, valued at $4,171,920. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Lynn M. Bamford sold 2,620 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $243.60, for a total value of $638,232.00. Following the transaction, the chief executive officer now owns 35,773 shares in the company, valued at $8,714,302.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Paul J. Ferdenzi sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $240.00, for a total transaction of $600,000.00. Following the completion of the transaction, the vice president now owns 17,383 shares in the company, valued at approximately $4,171,920. The disclosure for this sale can be found here. Insiders have sold 12,451 shares of company stock worth $3,030,512 over the last ninety days. Insiders own 0.67% of the company’s stock.

Institutional Trading of Curtiss-Wright

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CW. Norges Bank purchased a new stake in Curtiss-Wright in the fourth quarter worth $113,885,000. Fiera Capital Corp purchased a new position in Curtiss-Wright during the third quarter valued at $31,386,000. Public Employees Retirement Association of Colorado lifted its position in Curtiss-Wright by 1,901.3% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 150,377 shares of the aerospace company’s stock valued at $33,502,000 after buying an additional 142,863 shares during the period. International Assets Investment Management LLC purchased a new position in Curtiss-Wright during the fourth quarter valued at $31,816,000. Finally, Global Alpha Capital Management Ltd. lifted its position in Curtiss-Wright by 41.7% during the first quarter. Global Alpha Capital Management Ltd. now owns 352,813 shares of the aerospace company’s stock valued at $90,299,000 after buying an additional 103,780 shares during the period. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Company Profile

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.