Analysts Set Curtiss-Wright Corporation (NYSE:CW) PT at $773.67

Curtiss-Wright Corporation (NYSE:CW) has received an average recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $782.50.

A number of research firms have recently weighed in on CW. Citigroup raised their price target on Curtiss-Wright from $775.00 to $793.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 1st. Wall Street Zen lowered Curtiss-Wright from a “buy” rating to a “hold” rating in a report on Saturday. Morgan Stanley reaffirmed an “overweight” rating and issued a $860.00 price target on shares of Curtiss-Wright in a report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft set a $801.00 target price on shares of Curtiss-Wright in a research report on Wednesday. Finally, Robert W. Baird set a $870.00 price objective on Curtiss-Wright in a report on Friday, May 8th.

Insider Buying and Selling

In related news, EVP John C. Watts sold 220 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $752.91, for a total transaction of $165,640.20. Following the completion of the sale, the executive vice president directly owned 3,962 shares of the company’s stock, valued at $2,983,029.42. The trade was a 5.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Gary A. Ogilby sold 399 shares of the business’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $721.95, for a total value of $288,058.05. Following the transaction, the vice president owned 2,172 shares of the company’s stock, valued at $1,568,075.40. The trade was a 15.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 3,119 shares of company stock worth $2,257,998 over the last three months. 0.51% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. boosted its position in Curtiss-Wright by 10.6% during the first quarter. Goldman Sachs Group Inc. now owns 213,101 shares of the aerospace company’s stock worth $67,611,000 after purchasing an additional 20,379 shares during the period. Sivia Capital Partners LLC acquired a new stake in Curtiss-Wright during the second quarter worth about $235,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Curtiss-Wright by 53.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 100 shares of the aerospace company’s stock valued at $49,000 after purchasing an additional 35 shares in the last quarter. Marshall Wace LLP bought a new position in Curtiss-Wright in the 2nd quarter valued at approximately $5,423,000. Finally, Cresset Asset Management LLC raised its holdings in Curtiss-Wright by 46.4% in the 2nd quarter. Cresset Asset Management LLC now owns 1,442 shares of the aerospace company’s stock valued at $705,000 after buying an additional 457 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors.

Curtiss-Wright Stock Performance

Shares of CW stock opened at $698.64 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.12 and a current ratio of 1.60. Curtiss-Wright has a one year low of $465.51 and a one year high of $808.16. The company’s 50-day simple moving average is $741.61 and its 200-day simple moving average is $715.55. The stock has a market capitalization of $25.80 billion, a price-to-earnings ratio of 48.08, a PEG ratio of 3.11 and a beta of 0.87.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Thursday, August 6th. The aerospace company reported $3.72 EPS for the quarter, beating the consensus estimate of $3.62 by $0.10. The company had revenue of $924.01 million for the quarter, compared to analyst estimates of $926.17 million. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. Curtiss-Wright’s revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the business earned $3.23 earnings per share. Equities analysts anticipate that Curtiss-Wright will post 15.28 earnings per share for the current fiscal year.

About Curtiss-Wright

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.