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Investing.com - Stifel has raised its price target on Curtiss-Wright (NYSE:CW) to $450.00 from $365.00 while maintaining a Hold rating on the stock. According to InvestingPro data, analyst targets for the stock range from $308.11 to $570, with the company currently trading near its 52-week high of $493.95.
The defense and aerospace company has seen its stock surge more than 50% from April lows during the second quarter of 2025, according to Stifel’s analysis. This rally coincides with a significantly improved outlook for global defense spending. The stock has delivered an impressive 76.52% return over the past year, though InvestingPro analysis suggests the stock is currently overvalued relative to its Fair Value.
Stifel noted that the U.S. Department of Defense budget has received substantial spending increases, while European nations have committed to significantly boost their defense expenditures over the next decade.
The firm also highlighted strong continued investment in high power consuming industries, which maintains a positive long-term outlook for nuclear power, including aftermarket services, new utility scale generation, and the small modular reactor (SMR) market.
Stifel observed that Curtiss-Wright’s valuation multiple has expanded significantly, reflecting the strong demand outlook, and the firm expects the company to raise its guidance.
In other recent news, Curtiss-Wright Corporation reported impressive financial results for the first quarter of 2025. The company exceeded expectations with earnings per share (EPS) of $2.82 compared to the forecasted $2.43, and revenue reached $860 million, surpassing the anticipated $764.19 million. Following these results, Curtiss-Wright raised its full-year sales and EPS guidance, reflecting confidence in continued market strength. Additionally, the company has been awarded an $80 million contract by the United States Air Force for its High-Speed Data Acquisition System hardware and repair services, scheduled to run through March 2030. Wolfe Research increased its price target for Curtiss-Wright to $525, maintaining an Outperform rating, highlighting the company’s exposure to nuclear power and potential growth opportunities. Furthermore, Curtiss-Wright expanded its share repurchase authorization by $400 million and increased its quarterly dividend by 14% to $0.24 per share. Truist Securities also raised its price target to $356 while maintaining a Hold rating, following Curtiss-Wright’s strong first-quarter performance and raised outlook for 2025.
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