Curtiss-Wright Corporation (NYSE:CW) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Curtiss-Wright Corporation (NYSE:CW) have earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $664.8333.

CW has been the subject of several research reports. Morgan Stanley reaffirmed an “overweight” rating and set a $760.00 target price on shares of Curtiss-Wright in a research note on Friday, February 13th. Truist Financial set a $603.00 price target on Curtiss-Wright in a research report on Friday, January 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a research report on Monday, December 22nd. Stifel Nicolaus increased their price target on Curtiss-Wright from $625.00 to $650.00 and gave the company a “hold” rating in a research report on Friday, February 13th. Finally, Citigroup increased their price target on Curtiss-Wright from $718.00 to $728.00 and gave the company a “neutral” rating in a research report on Thursday, April 2nd.

Curtiss-Wright Trading Up 0.6%

Shares of CW stock opened at $698.82 on Tuesday. The stock has a 50-day simple moving average of $680.54 and a 200 day simple moving average of $607.56. Curtiss-Wright has a fifty-two week low of $266.88 and a fifty-two week high of $730.12. The stock has a market capitalization of $25.79 billion, a P/E ratio of 54.30, a P/E/G ratio of 3.39 and a beta of 0.91. The company has a quick ratio of 1.00, a current ratio of 1.44 and a debt-to-equity ratio of 0.30.

Curtiss-Wright (NYSE:CW) last announced its earnings results on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share for the quarter, beating the consensus estimate of $3.66 by $0.13. Curtiss-Wright had a return on equity of 19.28% and a net margin of 13.84%.The business had revenue of $946.98 million during the quarter, compared to analysts’ expectations of $890.14 million. During the same quarter last year, the business posted $3.27 earnings per share. The company’s quarterly revenue was up 14.9% on a year-over-year basis. On average, sell-side analysts expect that Curtiss-Wright will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Thursday, March 26th will be given a $0.24 dividend. The ex-dividend date is Thursday, March 26th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. Curtiss-Wright’s dividend payout ratio (DPR) is 7.46%.

Insiders Place Their Bets

In related news, CFO K Christopher Farkas sold 2,665 shares of the stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $626.33, for a total value of $1,669,169.45. Following the completion of the transaction, the chief financial officer owned 7,358 shares in the company, valued at $4,608,536.14. This trade represents a 26.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John C. Watts sold 652 shares of the stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $625.57, for a total value of $407,871.64. Following the completion of the transaction, the executive vice president owned 3,890 shares of the company’s stock, valued at $2,433,467.30. This trade represents a 14.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 23,005 shares of company stock worth $14,706,591 over the last three months. Company insiders own 0.55% of the company’s stock.

Hedge Funds Weigh In On Curtiss-Wright

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Atlantic Union Bankshares Corp purchased a new stake in Curtiss-Wright in the 3rd quarter worth about $26,000. Cary Street Partners Investment Advisory LLC purchased a new stake in Curtiss-Wright in the 4th quarter worth about $31,000. Larson Financial Group LLC lifted its stake in Curtiss-Wright by 53.8% in the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 21 shares in the last quarter. First Horizon Corp purchased a new stake in Curtiss-Wright in the 3rd quarter worth about $34,000. Finally, Transamerica Financial Advisors LLC lifted its stake in Curtiss-Wright by 25.9% in the 4th quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock worth $40,000 after acquiring an additional 15 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

About Curtiss-Wright

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.