Alembic Global Advisors Initiates Coverage on Curtiss-Wright (NYSE:CW)

Analysts at Alembic Global Advisors initiated coverage on shares of Curtiss-Wright (NYSE:CW) in a report issued on Tuesday, Marketbeat Ratings reports. The firm set an “overweight” rating and a $412.00 price target on the aerospace company’s stock. Alembic Global Advisors’ price target suggests a potential upside of 16.48% from the company’s current price.

A number of other research firms have also recently commented on CW. Stifel Nicolaus raised their target price on Curtiss-Wright from $318.00 to $361.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. StockNews.com cut Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd. Robert W. Baird raised their target price on Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Finally, Truist Financial raised their target price on Curtiss-Wright from $270.00 to $304.00 and gave the company a “hold” rating in a research report on Friday, October 18th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Curtiss-Wright currently has an average rating of “Moderate Buy” and a consensus price target of $343.80.

Curtiss-Wright Stock Down 0.1 %

Curtiss-Wright stock opened at $353.70 on Tuesday. The business has a fifty day moving average of $328.33 and a two-hundred day moving average of $293.89. The company has a quick ratio of 1.42, a current ratio of 2.05 and a debt-to-equity ratio of 0.39. The firm has a market cap of $13.55 billion, a P/E ratio of 36.43 and a beta of 1.18. Curtiss-Wright has a twelve month low of $196.10 and a twelve month high of $367.55.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.43. The company had revenue of $785.00 million during the quarter, compared to analyst estimates of $735.82 million. Curtiss-Wright had a return on equity of 17.07% and a net margin of 13.05%. Curtiss-Wright’s revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.15 earnings per share. On average, analysts forecast that Curtiss-Wright will post 10.56 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Curtiss-Wright news, Director Glenda J. Minor sold 500 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $302.80, for a total transaction of $151,400.00. Following the transaction, the director now directly owns 1,382 shares in the company, valued at $418,469.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.67% of the stock is owned by insiders.

Institutional Trading of Curtiss-Wright

A number of large investors have recently modified their holdings of CW. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Curtiss-Wright during the first quarter worth $457,000. Allspring Global Investments Holdings LLC increased its holdings in Curtiss-Wright by 38.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 76,283 shares of the aerospace company’s stock valued at $19,524,000 after buying an additional 21,074 shares during the last quarter. State of Michigan Retirement System increased its holdings in Curtiss-Wright by 2.2% in the first quarter. State of Michigan Retirement System now owns 9,361 shares of the aerospace company’s stock valued at $2,396,000 after buying an additional 200 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in Curtiss-Wright in the first quarter valued at $256,000. Finally, Norden Group LLC increased its holdings in Curtiss-Wright by 1,032.2% in the first quarter. Norden Group LLC now owns 22,712 shares of the aerospace company’s stock valued at $5,814,000 after buying an additional 20,706 shares during the last quarter. 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.