Stifel Nicolaus Increases Curtiss-Wright (CW) Price Target to $139.00
Curtiss-Wright (NYSE:CW) had its price objective hoisted by equities research analysts at Stifel Nicolaus from $126.00 to $139.00 in a research note issued to investors on Tuesday. The firm presently has a “hold” rating on the aerospace company’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 7.97% from the stock’s current price.
A number of other brokerages have also weighed in on CW. Wells Fargo & Co raised Curtiss-Wright from a “market perform” rating to an “outperform” rating in a report on Tuesday. Robert W. Baird began coverage on Curtiss-Wright in a report on Tuesday, December 5th. They issued an “outperform” rating and a $149.00 price objective on the stock. Seaport Global Securities reaffirmed a “buy” rating on shares of Curtiss-Wright in a report on Friday, October 27th. Bank of America raised Curtiss-Wright from a “neutral” rating to a “buy” rating and set a $136.00 price objective on the stock in a report on Monday, October 30th. Finally, Zacks Investment Research raised Curtiss-Wright from a “hold” rating to a “buy” rating and set a $127.00 price target on the stock in a research note on Tuesday, October 17th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $132.00.
Shares of Curtiss-Wright (NYSE:CW) opened at $128.74 on Tuesday. Curtiss-Wright has a twelve month low of $82.77 and a twelve month high of $129.39. The firm has a market capitalization of $5,681.21, a P/E ratio of 26.71, a price-to-earnings-growth ratio of 2.01 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 (NYSE:CW) last announced its quarterly earnings data on Wednesday, October 25th. The aerospace company reported $1.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.21. Curtiss-Wright had a return on equity of 15.60% and a net margin of 9.70%. The company had revenue of $567.90 million for the quarter, compared to analyst estimates of $539.28 million. During the same quarter in the previous year, the company earned $1.02 EPS. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. equities research analysts forecast that Curtiss-Wright will post 4.75 earnings per share for the current fiscal year.
In other news, Director Albert E. Smith sold 1,700 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $122.35, for a total transaction of $207,995.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Paul J. Ferdenzi sold 2,651 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $115.00, for a total value of $304,865.00. Following the sale, the vice president now directly owns 19,835 shares in the company, valued at approximately $2,281,025. The disclosure for this sale can be found here. Insiders have sold a total of 50,290 shares of company stock worth $5,969,585 in the last three months. Corporate insiders own 1.10% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Curtiss-Wright by 9.5% during the 2nd 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. Magnetar Financial LLC acquired a new position in shares of Curtiss-Wright during the 3rd quarter worth approximately $203,000. Quantitative Systematic Strategies LLC acquired a new position in shares of Curtiss-Wright during the 3rd quarter worth approximately $212,000. Linscomb & Williams Inc. acquired a new position in shares of Curtiss-Wright during the 3rd quarter worth approximately $212,000. Finally, WASHINGTON TRUST Co acquired a new position in shares of Curtiss-Wright during the 3rd quarter worth approximately $217,000. Hedge funds and other institutional investors own 76.17% of the company’s stock.
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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