Curtiss-Wright (NYSE:CW) Now Covered by Citigroup

Research analysts at Citigroup assumed coverage on shares of Curtiss-Wright (NYSE:CW) in a note issued to investors on Tuesday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $410.00 price target on the aerospace company’s stock. Citigroup’s price target would indicate a potential upside of 11.75% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Alembic Global Advisors started coverage on Curtiss-Wright in a research note on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price objective on the stock. Truist Financial upped their price objective on shares of Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. Morgan Stanley boosted their target price on shares of Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. StockNews.com lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Curtiss-Wright in a research report on Thursday, December 5th. They set a “buy” rating and a $452.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $386.86.

Curtiss-Wright Trading Up 0.3 %

CW opened at $366.88 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.39. The company’s 50 day simple moving average is $363.45 and its two-hundred day simple moving average is $332.38. The firm has a market capitalization of $13.92 billion, a price-to-earnings ratio of 34.71, a price-to-earnings-growth ratio of 2.63 and a beta of 1.19. Curtiss-Wright has a 1-year low of $220.90 and a 1-year high of $393.40.

Insiders Place Their Bets

In other Curtiss-Wright news, VP John C. Watts sold 412 shares of the firm’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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lynn M. Bamford sold 7,129 shares of the stock in a transaction dated Wednesday, December 11th. The shares were 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 owns 28,688 shares in the company, 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. Insiders have acquired a total of 116 shares of company stock worth $35,278 in the last ninety days. 0.55% of the stock is owned by corporate insiders.

Institutional Trading of Curtiss-Wright

Institutional investors have recently modified their holdings of the stock. Signaturefd LLC boosted its position in shares of Curtiss-Wright by 7.8% in the 3rd quarter. Signaturefd LLC now owns 401 shares of the aerospace company’s stock valued at $132,000 after purchasing an additional 29 shares during the period. Tidal Investments LLC grew its position in shares of Curtiss-Wright by 2.6% during the third quarter. Tidal Investments LLC now owns 1,159 shares of the aerospace company’s stock worth $381,000 after acquiring an additional 29 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of Curtiss-Wright by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 1,103 shares of the aerospace company’s stock valued at $363,000 after acquiring an additional 37 shares during the period. OneDigital Investment Advisors LLC boosted its stake in Curtiss-Wright by 3.3% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,162 shares of the aerospace company’s stock worth $382,000 after purchasing an additional 37 shares during the period. Finally, Aaron Wealth Advisors LLC grew its position in Curtiss-Wright by 5.0% during the 4th quarter. Aaron Wealth Advisors LLC now owns 774 shares of the aerospace company’s stock worth $275,000 after purchasing an additional 37 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.