Curtiss-Wright (NYSE:CW) Given New $674.00 Price Target at Guggenheim

Curtiss-Wright (NYSE:CW) had its price objective cut by equities research analysts at Guggenheim from $786.00 to $674.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the aerospace company’s stock. Guggenheim‘s target price points to a potential upside of 48.63% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Citigroup dropped their target price on Curtiss-Wright from $793.00 to $622.00 and set a “neutral” rating on the stock in a report on Wednesday, October 7th. Wall Street Zen cut Curtiss-Wright from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Morgan Stanley lowered their price objective on shares of Curtiss-Wright from $860.00 to $625.00 and set an “overweight” rating for the company in a research report on Friday, October 16th. Weiss Ratings lowered shares of Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, September 4th. Finally, Piper Sandler dropped their price objective on shares of Curtiss-Wright from $665.00 to $586.00 and set a “neutral” rating on the stock in a research note on Friday, October 23rd. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Curtiss-Wright has a consensus rating of “Moderate Buy” and an average price target of $662.38.

Curtiss-Wright Stock Up 4.5%

Shares of NYSE:CW traded up $19.59 during midday trading on Friday, hitting $453.46. 101,302 shares of the company’s stock traded hands, compared to its average volume of 324,904. The firm’s fifty day moving average price is $528.12 and its two-hundred day moving average price is $664.43. 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 twelve month low of $432.70 and a twelve month high of $808.16. The company has a market cap of $16.75 billion, a PE ratio of 30.23, a P/E/G ratio of 1.89 and a beta of 0.94.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Wednesday, November 4th. The aerospace company reported $3.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.76 by $0.18. Curtiss-Wright had a return on equity of 20.91% and a net margin of 14.86%. The firm had revenue of $953.00 million during the quarter, compared to the consensus estimate of $935.09 million. During the same period in the prior year, the firm earned $3.31 EPS. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, equities research analysts anticipate that Curtiss-Wright will post 15.33 EPS for the current fiscal year.

Insider Buying and Selling at Curtiss-Wright

In other news, EVP John C. Watts sold 1,035 shares of the business’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $619.46, for a total value of $641,141.10. Following the completion of the sale, the executive vice president owned 2,736 shares of the company’s stock, valued at approximately $1,694,842.56. The trade was a 27.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Larry D. Wyche sold 100 shares of the company’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $596.74, for a total transaction of $59,674.00. Following the completion of the sale, the director owned 1,414 shares in the company, valued at approximately $843,790.36. This trade represents a 6.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.51% of the stock is owned by company insiders.

Institutional Trading of Curtiss-Wright

Institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Curtiss-Wright during the second quarter valued at $3,448,649,000. Primecap Management Co. CA acquired a new stake in Curtiss-Wright during the 2nd quarter worth about $390,106,000. Bank of New York Mellon Corp acquired a new stake in Curtiss-Wright during the 2nd quarter worth about $270,458,000. William Blair Investment Management LLC acquired a new stake in Curtiss-Wright during the 2nd quarter worth about $240,442,000. Finally, First Trust Advisors LP boosted its position in Curtiss-Wright by 19.9% during the 1st quarter. First Trust Advisors LP now owns 206,021 shares of the aerospace company’s stock worth $140,325,000 after acquiring an additional 34,191 shares during the period. Institutional investors and hedge funds own 82.71% of the company’s stock.

About Curtiss-Wright

Curtiss-Wright Corporation (NYSE: CW) is a diversified industrial company that provides highly engineered products and services to the aerospace, defense, commercial nuclear power, and general industrial markets. The company designs and manufactures equipment used in applications that require reliable performance in demanding operating environments.

Its products and technologies include motion-control systems, valves, pumps, actuation equipment, sensors, data-acquisition systems, embedded computing products, and aircraft structural components.