Stifel Nicolaus Has Lowered Expectations for Curtiss-Wright (NYSE:CW) Stock Price

Curtiss-Wright (NYSE:CW) had its price objective reduced by equities researchers at Stifel Nicolaus from $587.00 to $584.00 in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. The firm currently has a “hold” rating on the aerospace company’s stock. Stifel Nicolaus’ price target points to a potential upside of 9.61% from the company’s previous close.

CW has been the topic of a number of other research reports. Morgan Stanley restated an “overweight” rating and set a $660.00 price objective on shares of Curtiss-Wright in a research note on Tuesday. Citigroup initiated coverage on shares of Curtiss-Wright in a research report on Thursday, December 11th. They set a “neutral” rating and a $607.00 price target for the company. Weiss Ratings restated a “buy (b-)” rating on shares of Curtiss-Wright in a research note on Monday, December 8th. Wall Street Zen downgraded Curtiss-Wright from a “buy” rating to a “hold” rating in a research note on Saturday, December 13th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $625.00 price objective on shares of Curtiss-Wright in a report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Curtiss-Wright has a consensus rating of “Moderate Buy” and an average price target of $585.50.

Curtiss-Wright Stock Down 2.1%

CW opened at $532.80 on Tuesday. Curtiss-Wright has a 1 year low of $266.88 and a 1 year high of $612.28. The firm has a 50 day moving average price of $559.13 and a 200 day moving average price of $514.33. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.17 and a current ratio of 1.75. The company has a market cap of $19.65 billion, a PE ratio of 43.42, a price-to-earnings-growth ratio of 2.86 and a beta of 0.93.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Thursday, November 6th. The aerospace company reported $3.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.28 by $0.12. Curtiss-Wright had a net margin of 13.78% and a return on equity of 18.82%. The company had revenue of $869.00 million during the quarter, compared to the consensus estimate of $869.03 million. During the same period in the previous year, the firm earned $2.89 earnings per share. Curtiss-Wright’s revenue for the quarter was up 8.8% on a year-over-year basis. Sell-side analysts expect that Curtiss-Wright will post 12.32 earnings per share for the current year.

Hedge Funds Weigh In On Curtiss-Wright

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CW. State Street Corp grew its holdings in Curtiss-Wright by 1.2% in the 3rd quarter. State Street Corp now owns 1,436,161 shares of the aerospace company’s stock valued at $780,091,000 after buying an additional 16,962 shares during the last quarter. TD Asset Management Inc increased its stake in Curtiss-Wright by 0.3% in the third quarter. TD Asset Management Inc now owns 791,531 shares of the aerospace company’s stock valued at $429,754,000 after acquiring an additional 2,153 shares during the period. Van ECK Associates Corp boosted its holdings in Curtiss-Wright by 5.3% during the third quarter. Van ECK Associates Corp now owns 740,033 shares of the aerospace company’s stock valued at $401,794,000 after purchasing an additional 37,069 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Curtiss-Wright by 31.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 728,745 shares of the aerospace company’s stock worth $395,665,000 after buying an additional 174,592 shares during the period. Finally, Norges Bank acquired a new stake in Curtiss-Wright in the 2nd quarter valued at $241,537,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

About Curtiss-Wright

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.