Stifel Nicolaus Raises Curtiss-Wright (CW) Price Target to $139.00

Curtiss-Wright (NYSE:CW) had its price target lifted by equities researchers at Stifel Nicolaus from $126.00 to $139.00 in a research note issued on Tuesday, Marketbeat.com reports. The brokerage presently has a “hold” rating on the aerospace company’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 5.02% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Bank of America upgraded shares of Curtiss-Wright from a “neutral” rating to a “buy” rating and set a $136.00 target price on the stock in a report on Monday, October 30th. Seaport Global Securities restated a “buy” rating on shares of Curtiss-Wright in a report on Friday, October 27th. SunTrust Banks restated a “buy” rating and issued a $128.00 target price on shares of Curtiss-Wright in a report on Friday, October 20th. Zacks Investment Research upgraded shares of Curtiss-Wright from a “hold” rating to a “buy” rating and set a $127.00 target price on the stock in a report on Tuesday, October 17th. Finally, Deutsche Bank reiterated a “buy” rating and set a $125.00 price objective on shares of Curtiss-Wright in a report on Friday, October 6th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $132.00.

Curtiss-Wright (NYSE CW) traded up $1.25 during mid-day trading on Tuesday, reaching $132.35. 151,300 shares of the company traded hands, compared to its average volume of 217,455. The firm has a market capitalization of $5,785.36, a price-to-earnings ratio of 27.46, a price-to-earnings-growth ratio of 2.05 and a beta of 1.26. The company has a current ratio of 2.08, a quick ratio of 1.48 and a debt-to-equity ratio of 0.55. Curtiss-Wright has a 1-year low of $82.77 and a 1-year high of $134.44.

Curtiss-Wright (NYSE:CW) last released its earnings results on Wednesday, October 25th. The aerospace company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.21. The business had revenue of $567.90 million for the quarter, compared to analyst estimates of $539.28 million. Curtiss-Wright had a net margin of 9.70% and a return on equity of 15.60%. Curtiss-Wright’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.02 earnings per share. equities analysts anticipate that Curtiss-Wright will post 4.75 earnings per share for the current year.

In other news, CEO David Charles Adams sold 17,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $119.04, for a total transaction of $2,023,680.00. Following the transaction, the chief executive officer now owns 70,570 shares in the company, valued at $8,400,652.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John B. Nathman sold 1,300 shares of the company’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $117.28, for a total transaction of $152,464.00. Following the transaction, the director now owns 4,155 shares in the company, valued at approximately $487,298.40. The disclosure for this sale can be found here. Insiders have sold 50,290 shares of company stock worth $5,969,585 in the last quarter. Company insiders own 1.10% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Neuberger Berman Group LLC raised its holdings in shares of Curtiss-Wright by 0.5% during the second quarter. Neuberger Berman Group LLC now owns 3,297 shares of the aerospace company’s stock valued at $303,000 after purchasing an additional 18 shares during the period. Ameritas Investment Partners Inc. raised its holdings in shares of Curtiss-Wright by 0.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 17,008 shares of the aerospace company’s stock worth $1,561,000 after acquiring an additional 141 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Curtiss-Wright by 9.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,656 shares of the aerospace company’s stock worth $152,000 after acquiring an additional 143 shares during the last quarter. Amalgamated Bank raised its holdings in shares of Curtiss-Wright by 3.7% in the 2nd quarter. Amalgamated Bank now owns 6,348 shares of the aerospace company’s stock worth $583,000 after acquiring an additional 225 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of Curtiss-Wright by 12.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,392 shares of the aerospace company’s stock worth $220,000 after acquiring an additional 256 shares during the last quarter. Hedge funds and other institutional investors own 76.17% of the company’s stock.

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Curtiss-Wright Company Profile

Curtiss-Wright Corporation is a manufacturing and service company that designs, manufactures, and overhauls precision components and provides engineered products and services to the aerospace, defense, power generation and general industrial markets. The Company operates through three segments: Commercial/Industrial, Defense and Power.

Analyst Recommendations for Curtiss-Wright (NYSE:CW)

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