Robert W. Baird Increases Price Target for Curtiss-Wright Corporation to $228.00
August 10, 2023
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CURTISS-WRIGHT ($NYSE:CW): Curtiss-Wright Corporation is a global industrial technology company specializing in highly engineered, critical functioning components and systems. On Friday, Robert W. Baird increased their price target for Curtiss-Wright from $200.00 to $228.00 in a report. This significant increase is indicative of the company’s strong financial performance and potential for future growth. The company’s strong performance has been driven by a focus on organic growth initiatives and cost control throughout its various operating segments.
In addition, the company has been able to capitalize on opportunities in the aerospace and defense sectors despite decreased demand for commercial products. The new price target from Robert W. Baird is a reflection of these factors as well as the company’s strong fundamentals. With the increased target price, Curtiss-Wright looks set to remain a strong performer in the coming months. Investors should continue to monitor the company’s performance and news closely for potential trading opportunities.
Share Price
On Monday, the stock of Curtiss-Wright Corporation (CWC) opened at $204.6 and closed at $207.5, up by 2.5% from its previous closing price of 202.4. This came after Robert W. Baird, an investment banking and asset management firm, increased its price target for CWC to $228.00. This price target reflects the firm’s optimistic view of CWC’s long-term growth prospects.
CWC has been a top performing company in the industrial sector and its share price has risen significantly since the start of this year. With this new price target, analysts are expecting that the stock could continue to rise in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Curtiss-wright Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 2.72k | 320.64 | 11.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Curtiss-wright Corporation. More…
| Operations | Investing | Financing |
| 407.4 | -329.82 | -93.16 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Curtiss-wright Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.44k | 2.3k | 55.77 |
Key Ratios Snapshot
Some of the financial key ratios for Curtiss-wright Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.0% | 7.6% | 17.5% |
| FCF Margin | ROE | ROA |
| 13.4% | 14.2% | 6.7% |
Analysis
GoodWhale recently conducted an analysis of CURTISS-WRIGHT CORPORATION‘s wellbeing using our proprietary Star Chart. Based on the results, we classified CURTISS-WRIGHT CORPORATION as ‘rhino’, a type of company we conclude has achieved moderate revenue or earnings growth. An investor looking for a company with moderate growth may be interested in CURTISS-WRIGHT CORPORATION. According to our findings, CURTISS-WRIGHT CORPORATION is strong in dividend, profitability, and medium in asset and growth. Additionally, CURTISS-WRIGHT CORPORATION has a high health score of 8/10 considering its cashflows and debt, indicating that it is capable of paying off debt and funding future operations. More…
Peers
Its competitors include Circor International Inc, Altra Industrial Motion Corp, Parker Hannifin Corp.
– Circor International Inc ($NYSE:CIR)
Circor International, Inc. is a global supplier of fluid handling products and services for the oil, gas, power generation, and other industries. The company’s products include valves, pumps, and related products and services. Circor International, Inc. was founded in 1987 and is headquartered in Burlington, Massachusetts.
– Altra Industrial Motion Corp ($NASDAQ:AIMC)
Altria Industrial Motion Corp is a publicly traded company that manufactures and sells a variety of industrial products. The company has a market capitalization of 3.77 billion as of 2022 and a return on equity of 3.22%. Altria Industrial Motion Corp is a diversified company that operates in a variety of industries, including automotive, aerospace, and industrial products. The company’s products are used in a variety of applications, including transportation, manufacturing, and construction.
– Parker Hannifin Corp ($NYSE:PH)
Parker Hannifin is a diversified industrial manufacturer that specializes in motion and control technologies. The company’s products include hydraulic and pneumatic components, sealants, and fluid connectors, as well as a variety of industrial and mobile automation technologies. Parker Hannifin serves a variety of markets, including aerospace, climate control, electromechanical, filtration, and general industrial.
With a market cap of nearly $40 billion, Parker Hannifin is one of the largest diversified industrial manufacturers in the world. The company’s strong financial performance is reflected in its return on equity, which has averaged more than 13% over the past five years. Parker Hannifin’s diversified product portfolio and global reach have positioned it well to continue delivering strong results for shareholders in the years to come.
Summary
Curtiss-Wright Corporation (CUR) is an aerospace and industrial company that provides products and services for the commercial, industrial, defense and energy markets. Recently, Robert W. Baird has upgraded their price target on CUR from $200 to $228. This price target increase indicates that investors are expecting positive performance from the company in the near future.
Analysts have noted that CUR’S aerospace and industrial products are in high demand, driven by a strong global economy and increasing spending in defense and energy markets. Despite some dips in share price, overall trends have been positive and should remain so as long as the global economy remains strong.
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