Curtiss-Wright Corporation (NYSE:CW) Receives $663.17 Average PT from Brokerages

Curtiss-Wright Corporation (NYSE:CW) has been assigned an average rating of “Moderate Buy” from the seven research firms that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $663.1667.

CW has been the subject of several research reports. Citigroup raised their target price on Curtiss-Wright from $661.00 to $718.00 and gave the stock a “neutral” rating in a research report on Friday, February 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a report on Monday, December 22nd. Morgan Stanley restated an “overweight” rating and issued a $760.00 price objective on shares of Curtiss-Wright in a research note on Friday, February 13th. Truist Financial set a $603.00 price objective on shares of Curtiss-Wright in a report on Friday, January 9th. Finally, Stifel Nicolaus lifted their target price on shares of Curtiss-Wright from $625.00 to $650.00 and gave the company a “hold” rating in a research report on Friday, February 13th.

Curtiss-Wright Trading Down 3.8%

Shares of CW opened at $654.64 on Friday. The stock’s 50-day moving average price is $663.82 and its 200 day moving average price is $586.07. The company has a quick ratio of 1.00, a current ratio of 1.44 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $24.14 billion, a price-to-earnings ratio of 50.87, a P/E/G ratio of 3.20 and a beta of 0.91. Curtiss-Wright has a 12-month low of $266.88 and a 12-month high of $730.12.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Wednesday, February 11th. The aerospace company reported $3.79 EPS for the quarter, topping analysts’ consensus estimates of $3.66 by $0.13. The company had revenue of $946.98 million during the quarter, compared to the consensus estimate of $890.14 million. Curtiss-Wright had a return on equity of 19.28% and a net margin of 13.84%.The company’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter last year, the company earned $3.27 EPS. As a group, research analysts predict that Curtiss-Wright will post 12.32 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Thursday, March 26th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, March 26th. Curtiss-Wright’s payout ratio is presently 7.46%.

Insider Buying and Selling

In other news, VP Gary A. Ogilby sold 625 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $624.32, for a total value of $390,200.00. Following the sale, the vice president directly owned 2,571 shares in the company, valued at approximately $1,605,126.72. This represents a 19.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Kevin Rayment sold 2,634 shares of the stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $626.33, for a total value of $1,649,753.22. Following the completion of the transaction, the chief operating officer directly owned 29,896 shares of the company’s stock, valued at approximately $18,724,761.68. The trade was a 8.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 17,269 shares of company stock worth $10,797,098. Insiders own 0.55% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Atlantic Union Bankshares Corp acquired a new stake in shares of Curtiss-Wright during the 3rd quarter worth about $26,000. Twin Peaks Wealth Advisors LLC acquired a new position in Curtiss-Wright in the second quarter valued at about $27,000. Cary Street Partners Investment Advisory LLC bought a new stake in Curtiss-Wright during the fourth quarter worth about $31,000. Penserra Capital Management LLC acquired a new stake in shares of Curtiss-Wright during the second quarter worth approximately $29,000. Finally, Larson Financial Group LLC increased its holdings in shares of Curtiss-Wright by 53.8% during the third quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock worth $33,000 after buying an additional 21 shares in the last quarter. 82.71% of the stock is owned by institutional investors.

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.