Curtiss-Wright Corporation (NYSE:CW) Receives $605.50 Consensus Price Target from Brokerages

Curtiss-Wright Corporation (NYSE:CW) has been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $612.3333.

Several brokerages have issued reports on CW. Wall Street Zen raised Curtiss-Wright from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Morgan Stanley reiterated an “overweight” rating and set a $660.00 target price on shares of Curtiss-Wright in a research report on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $625.00 target price on shares of Curtiss-Wright in a research note on Wednesday, October 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Curtiss-Wright in a research note on Monday, December 22nd. Finally, Stifel Nicolaus set a $625.00 price objective on shares of Curtiss-Wright in a research report on Friday.

Insider Activity at Curtiss-Wright

In other news, EVP John C. Watts sold 288 shares of the company’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $600.00, for a total transaction of $172,800.00. Following the transaction, the executive vice president directly owned 3,188 shares of the company’s stock, valued at $1,912,800. This represents a 8.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 513 shares of company stock worth $302,586 in the last ninety days. Insiders own 0.55% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Atlantic Union Bankshares Corp bought a new position in Curtiss-Wright in the 3rd quarter valued at $26,000. Twin Peaks Wealth Advisors LLC bought a new position in Curtiss-Wright during the second quarter valued at about $27,000. Penserra Capital Management LLC purchased a new stake in Curtiss-Wright during the second quarter worth about $29,000. Larson Financial Group LLC raised its position in Curtiss-Wright by 53.8% in the third quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 21 shares during the period. Finally, First Horizon Corp bought a new stake in Curtiss-Wright in the third quarter worth about $34,000. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Price Performance

CW stock opened at $649.61 on Thursday. The company has a quick ratio of 1.17, a current ratio of 1.75 and a debt-to-equity ratio of 0.38. The firm has a market cap of $23.96 billion, a price-to-earnings ratio of 52.94, a PEG ratio of 2.95 and a beta of 0.95. The company’s fifty day simple moving average is $575.61 and its 200 day simple moving average is $538.48. Curtiss-Wright has a 12-month low of $266.88 and a 12-month high of $669.98.

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

Curtiss-Wright Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were issued a $0.24 dividend. The ex-dividend date was Friday, November 28th. This represents a $0.96 annualized dividend and a yield of 0.1%. Curtiss-Wright’s dividend payout ratio is presently 7.82%.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.