Brokerages Set Curtiss-Wright Corporation (NYSE:CW) Price Target at $773.67

Curtiss-Wright Corporation (NYSE:CW) has earned an average rating of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned 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 $782.50.

Several research analysts have weighed in on CW shares. Citigroup lifted their target price on Curtiss-Wright from $775.00 to $793.00 and gave the company a “neutral” rating in a research note on Wednesday, July 1st. Stifel Nicolaus upped their price target on Curtiss-Wright from $724.00 to $768.00 and gave the stock a “hold” rating in a research note on Monday, July 20th. Deutsche Bank Aktiengesellschaft set a $801.00 price target on Curtiss-Wright in a report on Wednesday. Weiss Ratings lowered shares of Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, August 7th. Finally, Robert W. Baird set a $870.00 price objective on shares of Curtiss-Wright in a research note on Friday, May 8th.

Curtiss-Wright Stock Performance

NYSE CW opened at $698.64 on Monday. The company has a quick ratio of 1.12, a current ratio of 1.60 and a debt-to-equity ratio of 0.27. Curtiss-Wright has a 52-week low of $465.51 and a 52-week high of $808.16. The business’s 50-day moving average price is $741.61 and its 200 day moving average price is $716.01. The firm has a market cap of $25.80 billion, a P/E ratio of 48.08, a P/E/G ratio of 3.15 and a beta of 0.87.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Thursday, August 6th. The aerospace company reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.62 by $0.10. The firm had revenue of $924.01 million for the quarter, compared to analysts’ expectations of $926.17 million. Curtiss-Wright had a return on equity of 20.49% and a net margin of 14.81%.The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.23 EPS. On average, equities research analysts expect that Curtiss-Wright will post 15.28 earnings per share for the current year.

Insider Transactions at Curtiss-Wright

In other news, VP Gary A. Ogilby sold 399 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $721.95, for a total transaction of $288,058.05. Following the transaction, the vice president directly owned 2,172 shares in the company, valued at $1,568,075.40. The trade was a 15.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lynn M. Bamford sold 2,500 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $721.72, for a total transaction of $1,804,300.00. Following the transaction, the chief executive officer directly owned 48,134 shares of the company’s stock, valued at $34,739,270.48. This represents a 4.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 3,119 shares of company stock worth $2,257,998. Company insiders own 0.51% of the company’s stock.

Institutional Investors Weigh In On Curtiss-Wright

A number of institutional investors have recently added to or reduced their stakes in CW. Quantbot Technologies LP purchased a new position in shares of Curtiss-Wright during the 2nd quarter worth approximately $30,000. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Curtiss-Wright in the fourth quarter valued at approximately $31,000. Fiduciary Financial Advisors purchased a new stake in shares of Curtiss-Wright in the second quarter valued at approximately $31,000. Larson Financial Group LLC boosted 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 valued at $33,000 after buying an additional 21 shares in the last quarter. Finally, Transamerica Financial Advisors LLC grew its holdings in Curtiss-Wright by 25.9% during the fourth quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock worth $40,000 after acquiring an additional 15 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 (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.