Curtiss-Wright (NYSE:CW) Given New $357.00 Price Target at Truist Financial

Curtiss-Wright (NYSE:CW) had its price target hoisted by Truist Financial from $333.00 to $357.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “hold” rating on the aerospace company’s stock. Truist Financial’s price objective suggests a potential upside of 0.55% from the stock’s previous close.

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

Curtiss-Wright Stock Up 1.2 %

Shares of Curtiss-Wright stock traded up $4.37 during trading hours on Tuesday, hitting $355.03. 10,089 shares of the company’s stock traded hands, compared to its average volume of 260,356. Curtiss-Wright has a twelve month low of $217.57 and a twelve month high of $393.40. The company has a market cap of $13.47 billion, a PE ratio of 33.59, a PEG ratio of 2.92 and a beta of 1.18. The company has a quick ratio of 1.39, a current ratio of 1.98 and a debt-to-equity ratio of 0.39. The stock has a 50 day simple moving average of $364.85 and a 200-day simple moving average of $329.13.

Insider Buying and Selling

In related news, 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 sale, the vice president now directly owns 4,183 shares in the company, valued at $1,503,997.65. This trade represents a 8.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lynn M. Bamford sold 7,129 shares of the 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 completion of the transaction, the chief executive officer now directly owns 28,688 shares of the company’s stock, valued at approximately $10,580,134.40. The trade was a 19.90 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 116 shares of company stock valued at $35,278. Insiders own 0.67% of the company’s stock.

Institutional Trading of Curtiss-Wright

A number of hedge funds and other institutional investors have recently modified their holdings of CW. Tsfg LLC grew its position in Curtiss-Wright by 191.4% during the 3rd quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock worth $34,000 after purchasing an additional 67 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Curtiss-Wright by 303.8% in the third quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock worth $35,000 after buying an additional 79 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Curtiss-Wright during the third quarter valued at $53,000. Brooklyn Investment Group acquired a new position in Curtiss-Wright during the third quarter valued at $59,000. Finally, Quarry LP lifted its stake in Curtiss-Wright by 176.9% in the 2nd quarter. Quarry LP now owns 252 shares of the aerospace company’s stock worth $68,000 after acquiring an additional 161 shares in the last quarter. Institutional investors own 82.71% of the company’s stock.

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.