These are top 10 stocks traded on the Robinhood UK platform in July
On Friday, Truist Securities maintained a Hold rating on Curtiss-Wright (NYSE:CW) stock, with a set price target of $357.00. The company, currently valued at $11.9 billion, is trading above its InvestingPro Fair Value, suggesting careful consideration at current levels. Following recent investor meetings with top executives including CEO Lynn Bamford and CFO Chris Farkas, the firm’s analysis led to a continued endorsement of the company’s current market position.
Analyst Michael Ciarmoli of Truist Securities provided insights into the company’s performance, noting Curtiss-Wright’s consistent record of execution and margin expansion over the past decade. Supporting this view, InvestingPro data shows impressive revenue growth of 9.69% and a strong gross profit margin of 37%. He labeled the company as a "best-of-breed compounder," recognizing its solid historical achievements. InvestingPro’s comprehensive analysis reveals 10+ additional key insights about CW’s performance.
Curtiss-Wright’s advantageous position in the Aerospace and Defense (A&D) markets was highlighted, with expectations for growth in the Missiles, Hypersonics, and Directed Energy (M-HSD) sector. The company is anticipated to see top-line growth in upcoming periods, as indicated by the analyst’s remarks.
Additionally, the commercial nuclear sector was mentioned as a potential significant growth area for Curtiss-Wright, particularly in the emerging Small Modular Reactor (SMR) market. However, Ciarmoli noted that this segment is still in the early stages and thus presents a longer-term growth opportunity.
The analyst also touched upon external risks, suggesting that tariff and recession concerns are likely minimal in the short term for Curtiss-Wright. Nevertheless, volatility related to energy markets was cited as an area to monitor moving forward. The commentary provided by Truist Securities reflects a careful assessment of Curtiss-Wright’s market prospects and potential challenges.
In other recent news, Curtiss-Wright Corporation announced several significant developments. The company reported a $50 million contract with the U.S. Navy to supply high-speed data acquisition systems, extending through January 2030. Another contract worth $27 million was secured to provide Aircraft Ship Integrated Securing and Traversing (ASIST) systems for the U.S. Navy’s Constellation Class Frigates. Meanwhile, Curtiss-Wright also secured multiple contracts with Rheinmetall (ETR:RHMG) to supply turret drive stabilization systems for military vehicles used by the German and Hungarian armies. Additionally, the company declared a quarterly dividend of $0.21 per share, payable in April 2025. On the analyst front, Stifel adjusted Curtiss-Wright’s stock price target to $331 from $370, maintaining a Hold rating despite the company’s strong fourth-quarter results, which exceeded revenue and earnings per share expectations. These developments reflect Curtiss-Wright’s ongoing engagement in defense and aerospace sectors.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.