Curtiss-Wright’s Strong Q1 Performance and Positive Outlook Justify Buy Rating

Morgan Stanley analyst Kristine Liwag maintained a Buy rating on Curtiss-Wright (CW – Research Report) yesterday and set a price target of $405.00.

Kristine Liwag’s rating is based on Curtiss-Wright’s impressive financial performance in the first quarter, where the company reported adjusted earnings per share significantly above both consensus and Morgan Stanley estimates. This outperformance was largely driven by strong revenue and margin growth in the Defense Electronics segment. Additionally, Curtiss-Wright raised its outlook for sales, operating income, and earnings per share, which are now ahead of current consensus numbers, indicating a positive future outlook.
Moreover, the company secured over $1 billion in orders during the first quarter, contributing to a healthy book-to-bill ratio of 1.26. Despite some areas like operating cash flow falling short of expectations, the overall financial results, including higher-than-expected revenues and operating margins, support a positive market reaction and justify the Buy rating. These factors combined suggest a strong growth trajectory for Curtiss-Wright, making it an attractive investment opportunity.

According to TipRanks, Liwag is a 5-star analyst with an average return of 12.0% and a 61.79% success rate. Liwag covers the Industrials sector, focusing on stocks such as Boeing, Curtiss-Wright, and Hexcel.