Curtiss-Wright (NYSE:CW) Stock Price Target Cut by Stifel Nicolaus

Curtiss-Wright (NYSE:CW) had its price target cut by Stifel Nicolaus from $518.00 to $472.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has a “hold” rating on the aerospace company’s stock. Stifel Nicolaus‘s target price would suggest a potential upside of 1.68% from the stock’s current price.

Other analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft set a $801.00 target price on Curtiss-Wright in a research note on Wednesday, August 12th. Citigroup cut their price target on shares of Curtiss-Wright from $793.00 to $622.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 7th. Wall Street Zen cut shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Morgan Stanley reduced their price target on shares of Curtiss-Wright from $860.00 to $625.00 and set an “overweight” rating for the company in a report on Friday, October 16th. Finally, Weiss Ratings downgraded shares of Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 4th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and a consensus target price of $651.38.

Curtiss-Wright Stock Up 0.2%

Shares of Curtiss-Wright stock opened at $464.20 on Monday. Curtiss-Wright has a 1 year low of $432.70 and a 1 year high of $808.16. The business has a 50-day moving average of $525.29 and a two-hundred day moving average of $663.50. The company has a market capitalization of $16.84 billion, a P/E ratio of 30.97, a price-to-earnings-growth ratio of 1.92 and a beta of 0.94. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.42 and a quick ratio of 0.95.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Wednesday, November 4th. The aerospace company reported $3.94 EPS for the quarter, topping analysts’ consensus estimates of $3.76 by $0.18. Curtiss-Wright had a return on equity of 21.08% and a net margin of 14.86%. The company had revenue of $953.00 million for the quarter, compared to analyst estimates of $935.09 million. During the same quarter last year, the firm posted $3.31 earnings per share. Curtiss-Wright’s revenue was up 9.6% compared to the same quarter last year. As a group, equities analysts predict that Curtiss-Wright will post 15.50 EPS for the current year.

Insider Activity at Curtiss-Wright

In other news, Director Larry D. Wyche sold 100 shares of the business’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $596.74, for a total value of $59,674.00. Following the sale, the director owned 1,414 shares of the company’s stock, valued at $843,790.36. The trade was a 6.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John C. Watts sold 1,035 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $619.46, for a total transaction of $641,141.10. Following the completion of the sale, the executive vice president directly owned 2,736 shares in the company, valued at approximately $1,694,842.56. This represents a 27.45% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.51% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of Curtiss-Wright during the 2nd quarter worth about $3,448,649,000. Primecap Management Co. CA bought a new position in shares of Curtiss-Wright in the 2nd quarter valued at about $390,106,000. Bank of New York Mellon Corp bought a new position in shares of Curtiss-Wright in the 2nd quarter valued at about $270,458,000. William Blair Investment Management LLC acquired a new stake in shares of Curtiss-Wright in the second quarter valued at about $240,442,000. Finally, TimesSquare Capital Management LLC acquired a new stake in shares of Curtiss-Wright in the second quarter valued at about $124,673,000. Institutional investors own 82.71% of the company’s stock.

About Curtiss-Wright

Curtiss-Wright Corporation is a diversified industrial company that develops and manufactures engineered products and provides services for the aerospace, defense, power-generation and general industrial markets. Its offerings include actuation and control systems, sensors, valves and pumps, and embedded computing and electronics.

The company serves customers around the world, including aircraft manufacturers and operators, defense contractors, government agencies, and commercial nuclear power providers.