Curtiss-Wright (NYSE:CW) Price Target Raised to $728.00 at Citigroup

Curtiss-Wright (NYSE:CW) had its price objective increased by Citigroup from $718.00 to $728.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the aerospace company’s stock. Citigroup’s target price indicates a potential upside of 4.80% from the stock’s previous close.

Several other brokerages also recently commented on CW. Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a research note on Monday, December 22nd. Stifel Nicolaus raised their price target on Curtiss-Wright from $625.00 to $650.00 and gave the company a “hold” rating in a report on Friday, February 13th. Wall Street Zen upgraded shares of Curtiss-Wright from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $748.00 target price on shares of Curtiss-Wright in a research note on Tuesday, February 17th. Finally, Truist Financial set a $603.00 price target on shares of Curtiss-Wright in a research note on Friday, January 9th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $664.83.

Curtiss-Wright Stock Performance

Shares of CW stock traded down $2.31 on Thursday, reaching $694.68. The stock had a trading volume of 59,295 shares, compared to its average volume of 302,982. Curtiss-Wright has a 12 month low of $266.88 and a 12 month high of $730.12. The firm has a market capitalization of $25.64 billion, a price-to-earnings ratio of 54.29, a P/E/G ratio of 3.32 and a beta of 0.91. The firm’s 50-day moving average is $677.86 and its two-hundred day moving average is $602.98. The company has a quick ratio of 1.00, a current ratio of 1.44 and a debt-to-equity ratio of 0.30.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Wednesday, February 11th. The aerospace company reported $3.79 EPS for the quarter, topping analysts’ consensus estimates of $3.66 by $0.13. The business had revenue of $946.98 million during the quarter, compared to analysts’ expectations of $890.14 million. Curtiss-Wright had a return on equity of 19.28% and a net margin of 13.84%.Curtiss-Wright’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter last year, the company posted $3.27 earnings per share. On average, research analysts expect that Curtiss-Wright will post 12.32 EPS for the current fiscal year.

Insider Buying and Selling at Curtiss-Wright

In other news, COO Kevin Rayment sold 2,634 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $626.33, for a total transaction of $1,649,753.22. Following the transaction, the chief operating officer directly owned 29,896 shares of the company’s stock, valued at approximately $18,724,761.68. This trade represents a 8.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Lynn M. Bamford sold 9,327 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $626.45, for a total transaction of $5,842,899.15. Following the completion of the sale, the chief executive officer owned 46,192 shares of the company’s stock, valued at approximately $28,936,978.40. The trade was a 16.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 23,112 shares of company stock valued at $14,768,527 in the last quarter. Company insiders own 0.55% of the company’s stock.

Institutional Trading of Curtiss-Wright

Several large investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. raised its stake in Curtiss-Wright by 10.6% in the first quarter. Goldman Sachs Group Inc. now owns 213,101 shares of the aerospace company’s stock valued at $67,611,000 after purchasing an additional 20,379 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in Curtiss-Wright during the second quarter valued at approximately $235,000. Northwestern Mutual Wealth Management Co. lifted its stake in Curtiss-Wright by 53.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 100 shares of the aerospace company’s stock worth $49,000 after purchasing an additional 35 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Curtiss-Wright by 72.9% in the 2nd quarter. Hsbc Holdings PLC now owns 24,224 shares of the aerospace company’s stock valued at $11,853,000 after purchasing an additional 10,216 shares in the last quarter. Finally, Schroder Investment Management Group raised its holdings in shares of Curtiss-Wright by 3,264.8% during the 2nd quarter. Schroder Investment Management Group now owns 33,244 shares of the aerospace company’s stock worth $16,241,000 after buying an additional 32,256 shares in the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

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.