Curtiss-Wright Corporation (NYSE:CW) Receives Average Rating of “Moderate Buy” from Brokerages

Curtiss-Wright Corporation (NYSE:CW) has earned a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $418.00.

CW has been the subject of a number of analyst reports. Stifel Nicolaus cut their price target on Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating for the company in a report on Monday, April 14th. Wall Street Zen lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 24th. Robert W. Baird raised their price target on Curtiss-Wright from $432.00 to $500.00 and gave the stock an “outperform” rating in a report on Thursday, May 22nd. Truist Financial dropped their price objective on Curtiss-Wright from $357.00 to $338.00 and set a “hold” rating for the company in a research note on Thursday, April 17th. Finally, Citigroup lifted their price objective on Curtiss-Wright from $444.00 to $520.00 and gave the company a “buy” rating in a research note on Monday, June 9th.

Curtiss-Wright Stock Up 4.4%

Shares of NYSE:CW opened at $500.66 on Friday. The business’s 50 day simple moving average is $432.79 and its two-hundred day simple moving average is $368.87. The firm has a market cap of $18.85 billion, a P/E ratio of 44.54, a PEG ratio of 3.20 and a beta of 1.15. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.28 and a current ratio of 1.89. Curtiss-Wright has a 52-week low of $258.85 and a 52-week high of $490.71.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $2.82 EPS for the quarter, topping the consensus estimate of $2.39 by $0.43. The firm had revenue of $805.65 million during the quarter, compared to the consensus estimate of $767.32 million. Curtiss-Wright had a return on equity of 18.02% and a net margin of 13.38%. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.99 earnings per share. As a group, research analysts forecast that Curtiss-Wright will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Monday, June 16th will be paid a dividend of $0.24 per share. The ex-dividend date is Monday, June 16th. This is an increase from Curtiss-Wright’s previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.19%. Curtiss-Wright’s dividend payout ratio (DPR) is currently 8.54%.

Insider Buying and Selling at Curtiss-Wright

In other news, VP John C. Watts sold 450 shares of Curtiss-Wright stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $449.36, for a total transaction of $202,212.00. Following the completion of the sale, the vice president directly owned 4,959 shares in the company, valued at approximately $2,228,376.24. The trade was a 8.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Bruce D. Hoechner sold 1,900 shares of Curtiss-Wright stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $448.00, for a total transaction of $851,200.00. Following the sale, the director owned 4,523 shares of the company’s stock, valued at $2,026,304. The trade was a 29.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,130 shares of company stock worth $2,726,412 over the last three months. Corporate insiders own 0.55% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CW. Whipplewood Advisors LLC lifted its position in Curtiss-Wright by 1,566.7% during the first quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 94 shares during the period. 1 North Wealth Services LLC acquired a new position in shares of Curtiss-Wright in the first quarter worth about $32,000. Minot DeBlois Advisors LLC acquired a new position in shares of Curtiss-Wright in the fourth quarter worth about $35,000. Private Trust Co. NA raised its position in shares of Curtiss-Wright by 13,800.0% in the first quarter. Private Trust Co. NA now owns 139 shares of the aerospace company’s stock worth $44,000 after acquiring an additional 138 shares during the period. Finally, Ancora Advisors LLC acquired a new position in shares of Curtiss-Wright in the fourth quarter worth about $49,000. 82.71% of the stock is currently owned by institutional investors and hedge funds.

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.