Curtiss-Wright (NYSE:CW) Price Target Cut to $584.00 by Analysts at Stifel Nicolaus

Curtiss-Wright (NYSE:CW) had its price objective lowered by Stifel Nicolaus from $587.00 to $584.00 in a report published on Tuesday, Marketbeat reports. The brokerage currently has a hold rating on the aerospace company’s stock.

A number of other analysts have also recently issued reports on the company. Morgan Stanley reissued an “overweight” rating and set a $660.00 price objective on shares of Curtiss-Wright in a research report on Tuesday. Citigroup began coverage on Curtiss-Wright in a research note on Thursday, December 11th. They set a “neutral” rating and a $607.00 price target for the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Curtiss-Wright in a report on Monday, December 8th. Wall Street Zen cut Curtiss-Wright from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Truist Financial increased their price objective on Curtiss-Wright from $525.00 to $537.00 and gave the stock a “hold” rating in a report on Friday, November 7th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $585.50.

Curtiss-Wright Stock Performance

Shares of CW opened at $543.94 on Tuesday. The company has a market capitalization of $20.06 billion, a PE ratio of 44.33, a PEG ratio of 2.88 and a beta of 0.93. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.17 and a current ratio of 1.75. The company’s 50 day moving average price is $559.62 and its 200 day moving average price is $514.20. Curtiss-Wright has a 52 week low of $266.88 and a 52 week high of $612.28.

Curtiss-Wright (NYSE:CW) last released its earnings results on Thursday, November 6th. The aerospace company reported $3.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.28 by $0.12. The company had revenue of $869.00 million during the quarter, compared to the consensus estimate of $869.03 million. Curtiss-Wright had a net margin of 13.78% and a return on equity of 18.82%. The company’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.89 EPS. Research analysts expect that Curtiss-Wright will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, November 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.2%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.82%.

Institutional Investors Weigh In On Curtiss-Wright

Several institutional investors have recently bought and sold shares of the company. Atlantic Union Bankshares Corp acquired a new position in Curtiss-Wright during the third quarter worth $26,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Curtiss-Wright in the 2nd quarter valued at about $27,000. Penserra Capital Management LLC bought a new position in shares of Curtiss-Wright in the 2nd quarter valued at about $29,000. Larson Financial Group LLC increased its stake in shares of Curtiss-Wright by 53.8% during the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 21 shares during the last quarter. Finally, First Horizon Corp bought a new stake in shares of Curtiss-Wright in the 3rd quarter valued at about $34,000. Institutional investors own 82.71% of the company’s stock.

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.