Curtiss-Wright Corp's stock hit a 52-week low of $453.32, according to Investing.com. The stock is down 21.72% over the past year and roughly 31% over the past six months from its 52-week high of $808.16.
The source attributes the decline to broader market challenges and pressures specific to the company, but it does not identify those pressures.
InvestingPro analysis, cited in the report, says the stock appears overvalued relative to its Fair Value.
The report also covers recent results. Curtiss-Wright reported adjusted second-quarter earnings of $3.72 per share, above the forecast of $3.60. Revenue was $924 million, slightly below the expected $925.25 million but up 5% from a year earlier. Operating income rose 12%, and free cash flow increased 37% to $160 million.
Analyst coverage is mixed. Guggenheim initiated coverage with a buy rating, citing global trends in defense spending and power generation, and set a price target of $786, which it said implies 41% upside. Piper Sandler initiated coverage with a neutral rating, citing valuation considerations.