Truist Financial Forecasts Strong Price Appreciation for Curtiss-Wright (NYSE:CW) Stock

Curtiss-Wright (NYSE:CW) had its target price raised by Truist Financial from $333.00 to $357.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “hold” rating on the aerospace company’s stock. Truist Financial’s price target points to a potential downside of 1.33% from the stock’s previous close.

Several other equities research analysts have also issued reports on the stock. Stifel Nicolaus lowered shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 target price for the company. in a report on Monday, November 18th. Alembic Global Advisors assumed coverage on Curtiss-Wright in a research report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 target price for the company. Deutsche Bank Aktiengesellschaft began coverage on Curtiss-Wright in a report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price target on the stock. StockNews.com cut Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. Finally, Morgan Stanley increased their target price on Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $383.00.

Curtiss-Wright Stock Performance

NYSE:CW opened at $361.83 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 1.98. The stock’s fifty day moving average is $364.84 and its 200 day moving average is $329.75. The firm has a market capitalization of $13.73 billion, a PE ratio of 34.23, a PEG ratio of 2.92 and a beta of 1.18. Curtiss-Wright has a fifty-two week low of $217.57 and a fifty-two week high of $393.40.

Insider Activity at Curtiss-Wright

In other news, VP John C. Watts sold 412 shares of the business’s stock in a transaction 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 completion of the transaction, the vice president now directly owns 4,183 shares of the company’s stock, valued at approximately $1,503,997.65. The trade was a 8.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Lynn M. Bamford sold 7,129 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $368.80, for a total value of $2,629,175.20. Following the sale, the chief executive officer now owns 28,688 shares of the company’s stock, valued at $10,580,134.40. This trade represents a 19.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders bought 116 shares of company stock worth $35,278 over the last three months. 0.67% of the stock is owned by corporate insiders.

Institutional Trading of Curtiss-Wright

Hedge funds have recently modified their holdings of the company. Private Advisor Group LLC increased its position in shares of Curtiss-Wright by 3.5% during the second quarter. Private Advisor Group LLC now owns 2,185 shares of the aerospace company’s stock worth $592,000 after purchasing an additional 73 shares in the last quarter. Daiwa Securities Group Inc. acquired a new position in Curtiss-Wright during the 2nd quarter valued at about $73,000. DekaBank Deutsche Girozentrale raised its stake in Curtiss-Wright by 9.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 1,893 shares of the aerospace company’s stock valued at $515,000 after buying an additional 161 shares during the last quarter. Meeder Advisory Services Inc. acquired a new stake in Curtiss-Wright in the second quarter worth about $222,000. Finally, Federated Hermes Inc. grew its stake in shares of Curtiss-Wright by 37.5% during the second quarter. Federated Hermes Inc. now owns 5,659 shares of the aerospace company’s stock worth $1,533,000 after acquiring an additional 1,544 shares during the last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.

Curtiss-Wright Company Profile

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.