Curtiss-Wright downgraded by Morgan Stanley with a new price target
$CW
Industrial Machinery/Components
Technology
Morgan Stanley downgraded Curtiss-Wright from Overweight to Equal-Weight and set a new price target of $188.00 from $187.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/18/2024 | $370.00 | Buy → Hold | Stifel |
| 10/29/2024 | $412.00 | Overweight | Alembic Global Advisors |
| 3/25/2024 | $250.00 → $240.00 | Buy → Hold | Truist |
| 8/7/2023 | $188.00 → $229.00 | Equal-Weight → Overweight | Morgan Stanley |
| 5/19/2023 | Outperform | William Blair | |
| 12/12/2022 | $187.00 → $188.00 | Overweight → Equal-Weight | Morgan Stanley |
| 10/11/2022 | $170.00 | Outperform | Wolfe Research |
| 3/1/2022 | $180.00 → $189.00 | Overweight | Morgan Stanley |
Stifel analyst Nathan Jones maintains Curtiss-Wright (NYSE:CW) with a Buy and raises the price target from $310 to $318.
Curtiss-Wright's (NYSE:CW) short percent of float has risen 34.0% since its last report. The company recently reported that it has 228 thousand shares sold short, which is 0.67% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.0 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is
Curtiss-Wright Corporation (NYSE:CW) today announced that the Board of Directors declared a quarterly dividend of twenty-one cents ($0.21) per share on Curtiss-Wright Common Stock, payable December 3, 2024, to stockholders of record as of November 22, 2024. About Curtiss-Wright Corporation Curtiss-Wright Corporation (NYSE:CW) is a global integrated business that provides highly engineered products, solutions and services mainly to Aerospace & Defense markets, as well as critical technologies in demanding Commercial Power, Process and Industrial markets. We leverage a workforce of approximately 8,600 highly skilled employees who develop, design and build what we believe are the best engi
Curtiss-Wright Corporation (NYSE:CW) reports financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights: Reported sales of $799 million, up 10%; Reported operating income of $145 million, operating margin of 18.1%, and diluted earnings per share (EPS) of $2.89; Adjusted operating income of $149 million, up 11%; Adjusted operating margin of 18.7%, up 20 basis points; Adjusted diluted EPS of $2.97, up 17%; New orders of $860 million, up 2%, reflected a book-to-bill of 1.1x driven by solid demand within our Aerospace & Defense (A&D) markets; Backlog of $3.3 billion, up 16% year-to-date; and Free cash flow (FCF) of $163 million, generating 1
Curtiss-Wright Corporation (NYSE:CW) expects to release its third quarter 2024 financial results after the close of trading on Wednesday, October 30, 2024. A webcast conference call will be held on Thursday, October 31, 2024 at 10:00 am ET for management to discuss the Company's third quarter 2024 financial performance. Lynn M. Bamford, Chair and Chief Executive Officer, and K. Christopher Farkas, Vice President and Chief Financial Officer, will host the call. The financial press release, access to the webcast and the financial presentation will be posted in the Investor Relations section on Curtiss-Wright's website at www.curtisswright.com/investor-relations/. In addition, the dial-in nu
Stifel downgraded Curtiss-Wright from Buy to Hold and set a new price target of $370.00
Alembic Global Advisors initiated coverage of Curtiss-Wright with a rating of Overweight and set a new price target of $412.00
Truist downgraded Curtiss-Wright from Buy to Hold and set a new price target of $240.00 from $250.00 previously
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Curtiss-Wright Corporation (NYSE:CW) today announced that Paul J. Ferdenzi, Vice President, General Counsel and Corporate Secretary, plans to retire after a distinguished 25-year career with the Company. Mr. Ferdenzi will continue to serve as a Vice President of the Company to assist the Executive Team with the transition until his retirement at the end of this year. As part of its formal succession plan, the Board of Directors announced that, effective immediately, George P. McDonald has been promoted to Vice President, General Counsel and Corporate Secretary, and has been named an officer of the Company. Mr. McDonald has served as the Company's Deputy General Counsel since May 2024 and
Curtiss-Wright Corporation (NYSE:CW) today announced that the Board of Directors declared a quarterly dividend of twenty-one cents ($0.21) per share on Curtiss-Wright Common Stock, payable December 3, 2024, to stockholders of record as of November 22, 2024. About Curtiss-Wright Corporation Curtiss-Wright Corporation (NYSE:CW) is a global integrated business that provides highly engineered products, solutions and services mainly to Aerospace & Defense markets, as well as critical technologies in demanding Commercial Power, Process and Industrial markets. We leverage a workforce of approximately 8,600 highly skilled employees who develop, design and build what we believe are the best engi
Curtiss-Wright Corporation (NYSE:CW) today announced that Lynn M. Bamford, Chair and Chief Executive Officer, and K. Christopher Farkas, Vice President and Chief Financial Officer, will participate in the Baird 2024 Global Industrial Conference. A fireside chat discussion and simultaneous webcast will take place on Thursday, November 14, 2024, at 9:40 am CT (10:40 am ET). There will be no formal presentation at this event. A link to the webcast and a copy of the latest slide presentation will be available in the Investor Relations section of Curtiss-Wright's website at www.curtisswright.com. A replay will be available for 90 days on the company's website shortly after the completion of the
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DAVIDSON, N.C.--(BUSINESS WIRE)--Curtiss-Wright Corporation (NYSE: CW) today announced that Kevin M. Rayment, currently President of the Commercial / Industrial Segment, will be named Chief Operating Officer following Thomas (Tom) P. Quinly’s planned retirement as Vice President and COO on April 1, 2021. "I am pleased to announce the promotion of Kevin Rayment as Curtiss-Wright's next Chief Operating Officer,” said Lynn M. Bamford, President and CEO of Curtiss-Wright Corporation. “He continues to play a key role in executing our strategic growth initiatives, delivering significant financial performance and integrating acquisitions. Most recently, he led the Commercial / Industria
DAVIDSON, N.C.--(BUSINESS WIRE)--Curtiss-Wright Corporation (NYSE: CW) today announced that, as part of its formal succession plan, its Board of Directors has named Robert F. Freda as Treasurer, succeeding Harry S. Jakubowitz, who plans to retire after a distinguished 18-year career with the Company, with the past 15 years as Treasurer. "I am pleased to announce the promotion of Bob Freda as Curtiss-Wright's next Treasurer,” said Lynn M. Bamford, President and CEO of Curtiss-Wright Corporation. “He has been a strong contributor to our corporate finance team over the past 14 years, supporting numerous financial initiatives and has been a key player in acquisition due diligence. Th
DAVIDSON, N.C.--(BUSINESS WIRE)--Curtiss-Wright Corporation (NYSE:CW) today announced a Chief Executive Officer succession plan in which Lynn M. Bamford, currently President of the Defense and Power Segments, will be named President and Chief Executive Officer and a member of the Board of Directors, following David C. Adams’ planned retirement as CEO on January 1, 2021. To ensure a smooth transition, Mr. Adams, 67, will continue as Executive Chairman of the Board through May 2022, at which time Ms. Bamford will assume the dual role of Chairman and Chief Executive Officer. “It has been a distinct privilege to be associated with Curtiss-Wright’s long legacy for more than 20 years,