Morgan Stanley Boosts Curtiss-Wright (NYSE:CW) Price Target to $395.00

Curtiss-Wright (NYSE:CW) had its price target increased by investment analysts at Morgan Stanley from $334.00 to $395.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the aerospace company’s stock. Morgan Stanley’s target price would suggest a potential upside of 4.65% from the company’s previous close.

A number of other equities analysts have also weighed in on CW. Stifel Nicolaus increased their target price on Curtiss-Wright from $318.00 to $361.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Truist Financial raised their target price on shares of Curtiss-Wright from $304.00 to $333.00 and gave the company a “hold” rating in a research report on Friday, November 1st. StockNews.com downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. Alembic Global Advisors assumed coverage on shares of Curtiss-Wright in a research note on Tuesday, October 29th. They set an “overweight” rating and a $412.00 target price for the company. Finally, Robert W. Baird raised their price objective on Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $362.60.

Curtiss-Wright Stock Performance

Shares of CW stock opened at $377.46 on Tuesday. The company has a market capitalization of $14.32 billion, a P/E ratio of 35.71 and a beta of 1.17. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 1.98. Curtiss-Wright has a 52 week low of $203.60 and a 52 week high of $380.98. The company’s 50 day moving average price is $331.53 and its two-hundred day moving average price is $297.08.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.43. Curtiss-Wright had a net margin of 13.20% and a return on equity of 17.21%. The firm had revenue of $785.00 million for the quarter, compared to analyst estimates of $735.82 million. During the same period in the prior year, the firm posted $2.15 earnings per share. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. On average, analysts expect that Curtiss-Wright will post 10.66 earnings per share for the current fiscal year.

Insider Activity at Curtiss-Wright

In related news, VP John C. Watts sold 412 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total transaction of $148,134.60. Following the sale, the vice president now owns 4,183 shares of the company’s stock, valued at approximately $1,503,997.65. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Glenda J. Minor sold 500 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $302.80, for a total value of $151,400.00. Following the completion of the sale, the director now owns 1,382 shares of the company’s stock, valued at approximately $418,469.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP John C. Watts sold 412 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total value of $148,134.60. Following the transaction, the vice president now owns 4,183 shares in the company, valued at approximately $1,503,997.65. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.55% of the stock is owned by company insiders.

Institutional Trading of Curtiss-Wright

Institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC raised its stake in Curtiss-Wright by 32,425.8% in the third quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company’s stock worth $133,102,000 after buying an additional 403,701 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Curtiss-Wright by 30,079.2% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 302,396 shares of the aerospace company’s stock valued at $81,943,000 after purchasing an additional 301,394 shares in the last quarter. Congress Asset Management Co. raised its position in shares of Curtiss-Wright by 136.8% during the 3rd quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company’s stock valued at $150,893,000 after buying an additional 265,205 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in Curtiss-Wright in the second quarter worth $41,383,000. Finally, Global Alpha Capital Management Ltd. boosted its position in shares of Curtiss-Wright by 41.7% during the first quarter. Global Alpha Capital Management Ltd. now owns 352,813 shares of the aerospace company’s stock valued at $90,299,000 after buying an additional 103,780 shares during the period. Hedge funds and other institutional investors 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.