Brokerages Set Curtiss-Wright Co. (NYSE:CW) Target Price at $377.43

Curtiss-Wright Co. (NYSE:CW) has been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $377.43.

A number of brokerages have commented on CW. Stifel Nicolaus dropped their price objective on shares of Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating on the stock in a research report on Monday, April 14th. Truist Financial dropped their price target on shares of Curtiss-Wright from $357.00 to $338.00 and set a “hold” rating on the stock in a research note on Thursday, April 17th. Finally, Citigroup reduced their price objective on shares of Curtiss-Wright from $450.00 to $424.00 and set a “buy” rating for the company in a research report on Thursday, April 10th.

Insider Transactions at Curtiss-Wright

In other news, CEO Lynn M. Bamford sold 8,289 shares of the company’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $346.87, for a total transaction of $2,875,205.43. Following the completion of the sale, the chief executive officer now directly owns 38,905 shares in the company, valued at $13,494,977.35. This represents a 17.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Paul J. Ferdenzi sold 658 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $325.68, for a total value of $214,297.44. Following the completion of the transaction, the insider now directly owns 19,239 shares in the company, valued at $6,265,757.52. This trade represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,797 shares of company stock valued at $7,436,255 in the last ninety days. 0.55% of the stock is currently owned by company insiders.

Institutional Trading of Curtiss-Wright

Institutional investors and hedge funds have recently bought and sold shares of the business. YANKCOM Partnership purchased a new position in Curtiss-Wright in the fourth quarter valued at about $31,000. Minot DeBlois Advisors LLC acquired a new stake in shares of Curtiss-Wright in the fourth quarter valued at about $35,000. Whipplewood Advisors LLC raised its holdings in shares of Curtiss-Wright by 1,566.7% during the 1st quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company’s stock valued at $32,000 after buying an additional 94 shares during the period. Ancora Advisors LLC acquired a new position in Curtiss-Wright during the 4th quarter worth approximately $49,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Curtiss-Wright in the 3rd quarter worth approximately $53,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Trading Up 2.6 %

Shares of NYSE:CW opened at $335.73 on Tuesday. The business has a 50-day moving average price of $318.44 and a 200-day moving average price of $344.94. Curtiss-Wright has a 52-week low of $249.14 and a 52-week high of $393.40. The stock has a market cap of $12.64 billion, a price-to-earnings ratio of 31.82, a PEG ratio of 2.48 and a beta of 1.03. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share for the quarter, beating the consensus estimate of $3.12 by $0.15. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. Equities analysts predict that Curtiss-Wright will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Thursday, March 27th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date was Thursday, March 27th. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.96%.

About Curtiss-Wright

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.