Curtiss-Wright (NYSE:CW) Given New $505.00 Price Target at Citigroup

Curtiss-Wright (NYSE:CW) had its price objective cut by analysts at Citigroup from $622.00 to $505.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the aerospace company’s stock. Citigroup‘s price target would indicate a potential upside of 5.55% from the company’s current price.

Several other analysts also recently commented on the stock. Guggenheim reduced their price objective on shares of Curtiss-Wright from $786.00 to $674.00 and set a “buy” rating for the company in a research report on Friday. Stifel Nicolaus dropped their target price on shares of Curtiss-Wright from $518.00 to $472.00 and set a “hold” rating on the stock in a research report on Monday. Piper Sandler cut their target price on shares of Curtiss-Wright from $586.00 to $544.00 and set a “neutral” rating on the stock in a research note on Friday. Weiss Ratings cut shares of Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 4th. Finally, Morgan Stanley decreased their price target on shares of Curtiss-Wright from $860.00 to $625.00 and set an “overweight” rating for the company in a research note on Friday, October 16th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Curtiss-Wright has an average rating of “Moderate Buy” and a consensus target price of $636.75.

Curtiss-Wright Trading Down 0.7%

Shares of Curtiss-Wright stock traded down $3.60 on Tuesday, hitting $478.43. 111,753 shares of the company’s stock traded hands, compared to its average volume of 326,578. The company has a fifty day moving average of $523.00 and a two-hundred day moving average of $662.60. Curtiss-Wright has a one year low of $432.70 and a one year high of $808.16. The company has a market capitalization of $17.67 billion, a price-to-earnings ratio of 31.93, a price-to-earnings-growth ratio of 1.89 and a beta of 0.94. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.60 and a quick ratio of 1.12.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Wednesday, November 4th. The aerospace company reported $3.94 earnings per share for the quarter, topping analysts’ consensus estimates of $3.76 by $0.18. Curtiss-Wright had a return on equity of 20.91% and a net margin of 14.86%. The business had revenue of $953.00 million during the quarter, compared to the consensus estimate of $935.09 million. During the same period in the previous year, the company posted $3.31 earnings per share. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. As a group, sell-side analysts expect that Curtiss-Wright will post 15.50 earnings per share for the current year.

Insider Activity at Curtiss-Wright

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

Institutional Trading of Curtiss-Wright

Institutional investors have recently made changes to their positions in the company. AIA Group Ltd increased its position in Curtiss-Wright by 0.6% in the first quarter. AIA Group Ltd now owns 3,412 shares of the aerospace company’s stock worth $2,324,000 after buying an additional 19 shares in the last quarter. Verus Capital Partners LLC lifted its position in shares of Curtiss-Wright by 2.1% during the 3rd quarter. Verus Capital Partners LLC now owns 995 shares of the aerospace company’s stock valued at $541,000 after buying an additional 20 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of Curtiss-Wright by 10.5% during the 1st quarter. Parallel Advisors LLC now owns 305 shares of the aerospace company’s stock valued at $208,000 after acquiring an additional 29 shares during the period. Cooper Financial Group grew its stake in shares of Curtiss-Wright by 9.3% during the 3rd quarter. Cooper Financial Group now owns 376 shares of the aerospace company’s stock valued at $204,000 after acquiring an additional 32 shares during the period. Finally, Greenline Wealth Management LLC grew its stake in shares of Curtiss-Wright by 9.9% during the 1st quarter. Greenline Wealth Management LLC now owns 366 shares of the aerospace company’s stock valued at $250,000 after acquiring an additional 33 shares during the period. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Company Profile

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.