Curtiss-Wright (NYSE:CW) Now Covered by Analysts at Piper Sandler

Piper Sandler started coverage on shares of Curtiss-Wright (NYSE:CW) in a research note released on Wednesday morning, MarketBeat.com reports. The firm issued a hold rating and a $665.00 price target on the aerospace company’s stock.

A number of other research analysts have also issued reports on the stock. Robert W. Baird set a $870.00 price objective on shares of Curtiss-Wright in a report on Friday, May 8th. Stifel Nicolaus upped their price target on shares of Curtiss-Wright from $724.00 to $768.00 and gave the company a “hold” rating in a research report on Monday, July 20th. Morgan Stanley reaffirmed an “overweight” rating and set a $860.00 price target on shares of Curtiss-Wright in a research note on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft set a $801.00 price objective on shares of Curtiss-Wright in a research note on Wednesday, August 12th. Finally, Citigroup raised their target price on Curtiss-Wright from $775.00 to $793.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 1st. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $765.71.

Curtiss-Wright Trading Down 2.8%

NYSE CW opened at $561.93 on Wednesday. The company has a market cap of $20.75 billion, a price-to-earnings ratio of 38.67, a price-to-earnings-growth ratio of 2.61 and a beta of 0.84. Curtiss-Wright has a twelve month low of $465.51 and a twelve month high of $808.16. The company has a quick ratio of 1.12, a current ratio of 1.60 and a debt-to-equity ratio of 0.27. The business’s fifty day moving average is $706.43 and its 200 day moving average is $713.38.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Thursday, August 6th. The aerospace company reported $3.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.62 by $0.10. The business had revenue of $924.01 million during the quarter, compared to analysts’ expectations of $926.17 million. Curtiss-Wright had a return on equity of 20.49% and a net margin of 14.81%.The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.23 EPS. As a group, sell-side analysts expect that Curtiss-Wright will post 15.28 EPS for the current fiscal year.

Insider Activity

In other Curtiss-Wright news, EVP John C. Watts sold 1,035 shares of the stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $619.46, for a total transaction of $641,141.10. Following the completion of the sale, the executive vice president directly owned 2,736 shares in the company, valued at approximately $1,694,842.56. This trade represents a 27.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 value of $59,674.00. Following the sale, the director owned 1,414 shares in the company, valued at approximately $843,790.36. The trade was a 6.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 4,034 shares of company stock valued at $2,793,173. 0.51% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Curtiss-Wright

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

Curtiss-Wright Company Profile

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.