Curtiss-Wright (CW) PT Raised to $139.00 at Stifel Nicolaus

Curtiss-Wright (NYSE:CW) had its target price increased by analysts at Stifel Nicolaus from $126.00 to $139.00 in a research note issued on Tuesday. The brokerage presently has a “hold” rating on the aerospace company’s stock. Stifel Nicolaus’ price target points to a potential upside of 5.02% from the stock’s current price.

CW has been the topic of a number of other research reports. Zacks Investment Research cut shares of Curtiss-Wright from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Robert W. Baird began coverage on shares of Curtiss-Wright in a research note on Tuesday, December 5th. They set an “outperform” rating and a $149.00 target price on the stock. Deutsche Bank reaffirmed a “buy” rating and set a $125.00 target price on shares of Curtiss-Wright in a research note on Friday, October 6th. Seaport Global Securities reaffirmed a “buy” rating on shares of Curtiss-Wright in a research note on Friday, October 27th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $128.00 target price on shares of Curtiss-Wright in a research note on Friday, October 20th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $132.00.

Shares of Curtiss-Wright (NYSE CW) traded up $1.25 during trading hours on Tuesday, reaching $132.35. 151,300 shares of the company were exchanged, compared to its average volume of 217,455. The company has a market capitalization of $5,785.36, a PE ratio of 27.46, a price-to-earnings-growth ratio of 2.05 and a beta of 1.26. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.08 and a quick ratio of 1.48. Curtiss-Wright has a fifty-two week low of $82.77 and a fifty-two week high of $134.44.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Wednesday, October 25th. The aerospace company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.21. The business had revenue of $567.90 million for the quarter, compared to analysts’ expectations of $539.28 million. Curtiss-Wright had a net margin of 9.70% and a return on equity of 15.60%. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period last year, the firm posted $1.02 earnings per share. sell-side analysts predict that Curtiss-Wright will post 4.75 EPS for the current fiscal year.

In related news, CEO David Charles Adams sold 17,000 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $119.04, for a total value of $2,023,680.00. Following the sale, the chief executive officer now owns 70,570 shares of the company’s stock, valued at $8,400,652.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Albert E. Smith sold 1,700 shares of the business’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $122.35, for a total transaction of $207,995.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 50,290 shares of company stock worth $5,969,585. Insiders own 1.10% of the company’s stock.

Several institutional investors have recently modified their holdings of CW. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Curtiss-Wright by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,656 shares of the aerospace company’s stock worth $152,000 after purchasing an additional 143 shares during the last quarter. Community Financial Services Group LLC acquired a new position in Curtiss-Wright in the fourth quarter valued at $201,000. Magnetar Financial LLC acquired a new position in Curtiss-Wright in the third quarter valued at $203,000. Quantitative Systematic Strategies LLC acquired a new position in Curtiss-Wright in the third quarter valued at $212,000. Finally, Linscomb & Williams Inc. acquired a new position in Curtiss-Wright in the third quarter valued at $212,000. 76.17% of the stock is currently owned by institutional investors.

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About Curtiss-Wright

Curtiss-Wright Corporation is a manufacturing and service company that designs, manufactures, and overhauls precision components and provides engineered products and services to the aerospace, defense, power generation and general industrial markets. The Company operates through three segments: Commercial/Industrial, Defense and Power.

Analyst Recommendations for Curtiss-Wright (NYSE:CW)

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