Curtiss-Wright (NYSE:CW) Given New $450.00 Price Target at Stifel Nicolaus

Curtiss-Wright (NYSE:CW) had its target price boosted by Stifel Nicolaus from $365.00 to $450.00 in a research note released on Monday morning,Benzinga reports. The firm currently has a hold rating on the aerospace company’s stock.

CW has been the subject of several other research reports. Wall Street Zen upgraded shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 12th. Citigroup lifted their price target on shares of Curtiss-Wright from $525.00 to $568.00 and gave the company a “buy” rating in a research report on Monday, July 14th. Robert W. Baird raised their price objective on Curtiss-Wright from $432.00 to $500.00 and gave the company an “outperform” rating in a report on Thursday, May 22nd. Morgan Stanley raised their target price on Curtiss-Wright from $405.00 to $550.00 and gave the stock an “overweight” rating in a research note on Thursday, July 17th. Finally, Truist Financial reduced their target price on shares of Curtiss-Wright from $356.00 to $338.00 and set a “hold” rating for the company in a report on Friday, July 11th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $467.14.

Curtiss-Wright Stock Performance

Shares of CW opened at $481.28 on Monday. Curtiss-Wright has a 52 week low of $258.85 and a 52 week high of $493.95. The business has a 50-day simple moving average of $457.66 and a two-hundred day simple moving average of $377.75. The company has a quick ratio of 1.28, a current ratio of 1.89 and a debt-to-equity ratio of 0.37. The stock has a market cap of $18.12 billion, a price-to-earnings ratio of 42.82, a PEG ratio of 3.08 and a beta of 1.15.

Curtiss-Wright (NYSE:CW) last announced its earnings results on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.39 by $0.43. Curtiss-Wright had a return on equity of 18.02% and a net margin of 13.38%. The business had revenue of $805.65 million for the quarter, compared to analysts’ expectations of $767.32 million. During the same period last year, the firm posted $1.99 earnings per share. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, analysts expect that Curtiss-Wright will post 12.32 EPS for the current year.

Curtiss-Wright Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 7th. Stockholders of record on Monday, June 16th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, June 16th. This is a positive change from Curtiss-Wright’s previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a dividend yield of 0.20%. Curtiss-Wright’s payout ratio is currently 8.54%.

Insider Activity at Curtiss-Wright

In other news, Director Bruce D. Hoechner sold 1,900 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $448.00, for a total value of $851,200.00. Following the transaction, the director owned 4,523 shares of the company’s stock, valued at approximately $2,026,304. The trade was a 29.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO K Christopher Farkas sold 4,780 shares of the company’s stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $350.00, for a total value of $1,673,000.00. Following the completion of the transaction, the chief financial officer directly owned 9,253 shares of the company’s stock, valued at approximately $3,238,550. This trade represents a 34.06% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,130 shares of company stock valued at $2,726,412. Insiders own 0.55% of the company’s stock.

Institutional Investors Weigh In On Curtiss-Wright

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. QRG Capital Management Inc. grew its stake in Curtiss-Wright by 19.3% during the 2nd quarter. QRG Capital Management Inc. now owns 859 shares of the aerospace company’s stock valued at $420,000 after acquiring an additional 139 shares in the last quarter. Ascent Group LLC increased its holdings in Curtiss-Wright by 12.1% in the second quarter. Ascent Group LLC now owns 824 shares of the aerospace company’s stock worth $403,000 after purchasing an additional 89 shares in the last quarter. New Century Financial Group LLC bought a new stake in shares of Curtiss-Wright during the 2nd quarter valued at $206,000. Hilltop National Bank purchased a new position in Curtiss-Wright during the second quarter valued at $244,000. Finally, Pure Financial Advisors LLC purchased a new position in Curtiss-Wright during the 2nd quarter worth $259,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

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.