Curtiss-Wright Co. (NYSE:CW) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Curtiss-Wright Co. (NYSE:CW) have received a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $418.00.

CW has been the topic of a number of analyst reports. Citigroup lifted their price objective on shares of Curtiss-Wright from $444.00 to $520.00 and gave the stock a “buy” rating in a research report on Monday. Truist Financial lowered their price objective on Curtiss-Wright from $357.00 to $338.00 and set a “hold” rating for the company in a research report on Thursday, April 17th. Robert W. Baird boosted their target price on shares of Curtiss-Wright from $432.00 to $500.00 and gave the stock an “outperform” rating in a research report on Thursday, May 22nd. Stifel Nicolaus lowered their price target on Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating for the company in a research report on Monday, April 14th. Finally, Wall Street Zen lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 24th.

Insider Buying and Selling

In other news, VP George P. Mcdonald sold 148 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total value of $48,160.68. Following the completion of the sale, the vice president now directly owns 1,899 shares in the company, valued at $617,953.59. This represents a 7.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Bruce D. Hoechner sold 1,900 shares of the firm’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $448.00, for a total transaction of $851,200.00. Following the completion of the transaction, the director now directly owns 4,523 shares in the company, valued at approximately $2,026,304. This represents a 29.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,992 shares of company stock valued at $4,634,519. 0.55% of the stock is owned by company insiders.

Institutional Trading of Curtiss-Wright

A number of hedge funds have recently bought and sold shares of CW. Envestnet Portfolio Solutions Inc. grew its position in shares of Curtiss-Wright by 0.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,319 shares of the aerospace company’s stock valued at $1,178,000 after purchasing an additional 29 shares in the last quarter. Harbour Investments Inc. boosted its stake in Curtiss-Wright by 10.6% during the fourth quarter. Harbour Investments Inc. now owns 312 shares of the aerospace company’s stock worth $111,000 after buying an additional 30 shares during the last quarter. Cornerstone Investment Partners LLC grew its holdings in Curtiss-Wright by 3.6% in the 4th quarter. Cornerstone Investment Partners LLC now owns 918 shares of the aerospace company’s stock valued at $326,000 after buying an additional 32 shares in the last quarter. Ascent Group LLC increased its stake in shares of Curtiss-Wright by 4.9% in the 4th quarter. Ascent Group LLC now owns 713 shares of the aerospace company’s stock worth $253,000 after acquiring an additional 33 shares during the last quarter. Finally, Baird Financial Group Inc. increased its stake in shares of Curtiss-Wright by 1.6% in the 4th quarter. Baird Financial Group Inc. now owns 2,122 shares of the aerospace company’s stock worth $753,000 after acquiring an additional 34 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Stock Performance

Shares of Curtiss-Wright stock opened at $456.91 on Wednesday. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39. The stock’s fifty day moving average is $374.26 and its two-hundred day moving average is $355.48. Curtiss-Wright has a 52 week low of $258.85 and a 52 week high of $463.38. The company has a market capitalization of $17.21 billion, a PE ratio of 43.31, a price-to-earnings-growth ratio of 2.48 and a beta of 1.14.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.39 by $0.43. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. The firm had revenue of $805.65 million during the quarter, compared to analyst estimates of $767.32 million. During the same period in the previous year, the firm earned $1.99 earnings per share. The business’s revenue was up 13.0% on a year-over-year basis. As a group, analysts expect that Curtiss-Wright will post 12.32 earnings per share for the current year.

Curtiss-Wright Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Monday, June 16th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.21%. The ex-dividend date of this dividend is Monday, June 16th. This is a positive change from Curtiss-Wright’s previous quarterly dividend of $0.21. Curtiss-Wright’s dividend payout ratio (DPR) is currently 8.54%.

Curtiss-Wright Company Profile

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.