Equities researchers at Robert W. Baird started coverage on shares of Curtiss-Wright (NYSE:CW) in a report released on Tuesday, Marketbeat reports. The firm set an “outperform” rating and a $149.00 price target on the aerospace company’s stock. Robert W. Baird’s price target indicates a potential upside of 21.59% from the company’s current price.
A number of other equities research analysts also recently weighed in on CW. Stifel Nicolaus raised their price target on shares of Curtiss-Wright from $117.00 to $124.00 and gave the company a “hold” rating in a research note on Friday, October 27th. Zacks Investment Research downgraded shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a research note on Tuesday, September 5th. SunTrust Banks restated a “buy” rating and issued a $128.00 price target on shares of Curtiss-Wright in a research note on Friday, October 20th. Finally, Wells Fargo & Company raised their price objective on shares of Curtiss-Wright from $100.00 to $120.00 and gave the company a “market perform” rating in a report on Friday, October 27th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Curtiss-Wright presently has a consensus rating of “Buy” and an average price target of $129.86.
Curtiss-Wright (NYSE:CW) traded up $1.48 during mid-day trading on Tuesday, hitting $122.54. 259,260 shares of the company traded hands, compared to its average volume of 245,489. 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 $125.00. The firm has a market capitalization of $5,440.00, a P/E ratio of 25.89, a PEG ratio of 2.11 and a beta of 1.26.
In other news, CFO Glenn E. Tynan sold 7,918 shares of Curtiss-Wright stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $120.00, for a total transaction of $950,160.00. Following the sale, the chief financial officer now directly owns 47,925 shares in the company, valued at approximately $5,751,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Paul J. Ferdenzi sold 2,340 shares of Curtiss-Wright stock in a transaction on Friday, October 6th. The stock was sold at an average price of $108.00, for a total value of $252,720.00. The disclosure for this sale can be found here. Insiders have sold a total of 60,488 shares of company stock worth $7,041,956 over the last ninety days. Insiders own 1.10% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CW. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Curtiss-Wright by 9.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,656 shares of the aerospace company’s stock valued at $152,000 after acquiring an additional 143 shares during the period. Harbour Capital Advisors LLC raised its stake in Curtiss-Wright by 93.2% in the 2nd quarter. Harbour Capital Advisors LLC now owns 16,520 shares of the aerospace company’s stock valued at $180,000 after acquiring an additional 7,970 shares during the period. Burney Co. bought a new stake in Curtiss-Wright in the 2nd quarter valued at about $203,000. Magnetar Financial LLC bought a new stake in shares of Curtiss-Wright during the third quarter valued at about $203,000. Finally, Quantitative Systematic Strategies LLC bought a new stake in shares of Curtiss-Wright during the third quarter valued at about $212,000. Institutional investors own 77.46% of the company’s stock.
Curtiss-Wright Company Profile
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.
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