Curtiss-Wright Corporation (NYSE:CW) Receives $468.14 Consensus Price Target from Brokerages

Curtiss-Wright Corporation (NYSE:CW) has been given an average recommendation of “Moderate Buy” by the seven brokerages that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $468.1429.

A number of research firms recently weighed in on CW. Truist Financial decreased their price target on Curtiss-Wright from $356.00 to $338.00 and set a “hold” rating on the stock in a research note on Friday, July 11th. Citigroup lifted their price target on Curtiss-Wright from $525.00 to $568.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Wall Street Zen downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 2nd. Morgan Stanley lifted their price target on Curtiss-Wright from $405.00 to $550.00 and gave the company an “overweight” rating in a research note on Thursday, July 17th. Finally, Stifel Nicolaus lifted their price target on Curtiss-Wright from $450.00 to $457.00 and gave the company a “hold” rating in a research note on Friday, August 8th.

Insider Buying and Selling

In other Curtiss-Wright news, VP John C. Watts sold 1,110 shares of the business’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $480.50, for a total transaction of $533,355.00. Following the sale, the vice president directly owned 3,863 shares in the company, valued at approximately $1,856,171.50. The trade was a 22.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.55% of the company’s stock.

Institutional Trading of Curtiss-Wright

Institutional investors have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. boosted its position in Curtiss-Wright by 98.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,664 shares of the aerospace company’s stock worth $1,163,000 after purchasing an additional 1,817 shares in the last quarter. Vontobel Holding Ltd. raised its holdings in shares of Curtiss-Wright by 100.4% in the first quarter. Vontobel Holding Ltd. now owns 1,140 shares of the aerospace company’s stock worth $362,000 after acquiring an additional 571 shares during the last quarter. Sowell Financial Services LLC acquired a new position in shares of Curtiss-Wright in the first quarter worth $240,000. Janney Montgomery Scott LLC raised its holdings in shares of Curtiss-Wright by 37.7% in the first quarter. Janney Montgomery Scott LLC now owns 3,652 shares of the aerospace company’s stock worth $1,159,000 after acquiring an additional 999 shares during the last quarter. Finally, Mission Wealth Management LP acquired a new position in shares of Curtiss-Wright in the first quarter worth $206,000. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Curtiss-Wright Trading Up 0.1%

NYSE:CW opened at $513.28 on Friday. The firm has a market cap of $19.34 billion, a P/E ratio of 43.31, a PEG ratio of 3.15 and a beta of 1.15. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.35. The stock’s 50 day simple moving average is $489.80 and its 200-day simple moving average is $424.05. Curtiss-Wright has a 12-month low of $266.88 and a 12-month high of $525.84.

Curtiss-Wright (NYSE:CW) last released its earnings results on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.13 by $0.10. The business had revenue of $876.58 million for the quarter, compared to analyst estimates of $855.10 million. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%.The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.67 earnings per share. Equities analysts anticipate that Curtiss-Wright will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Friday, September 26th. Curtiss-Wright’s payout ratio is presently 8.10%.

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.