Curtiss-Wright (NYSE:CW) Price Target Raised to $357.00

Curtiss-Wright (NYSE:CW) had its price objective lifted by Truist Financial from $333.00 to $357.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a hold rating on the aerospace company’s stock.

Several other equities research analysts have also recently weighed in on CW. Stifel Nicolaus cut Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective for the company. in a report on Monday, November 18th. Deutsche Bank Aktiengesellschaft started coverage on shares of Curtiss-Wright in a report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price target on the stock. Morgan Stanley upped their price objective on shares of Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Alembic Global Advisors initiated coverage on shares of Curtiss-Wright in a research note on Tuesday, October 29th. They set an “overweight” rating and a $412.00 target price on the stock. Finally, StockNews.com downgraded shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $383.00.

Curtiss-Wright Stock Performance

Shares of NYSE:CW opened at $365.79 on Tuesday. The company has a current ratio of 1.98, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39. The company has a 50-day moving average price of $364.52 and a 200-day moving average price of $329.98. The company has a market cap of $13.88 billion, a price-to-earnings ratio of 34.61, a price-to-earnings-growth ratio of 2.51 and a beta of 1.19. Curtiss-Wright has a 12 month low of $217.57 and a 12 month high of $393.40.

Curtiss-Wright Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 22nd were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.84 dividend on an annualized basis and a yield of 0.23%. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.95%.

Insider Buying and Selling

In other Curtiss-Wright news, VP John C. Watts sold 412 shares of Curtiss-Wright stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total transaction of $148,134.60. Following the completion of the transaction, the vice president now owns 4,183 shares in the company, valued at approximately $1,503,997.65. The trade was a 8.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Lynn M. Bamford sold 7,129 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $368.80, for a total value of $2,629,175.20. Following the completion of the sale, the chief executive officer now directly owns 28,688 shares in the company, valued at approximately $10,580,134.40. This represents a 19.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have acquired 116 shares of company stock valued at $35,278 over the last quarter. Corporate insiders own 0.55% of the company’s stock.

Hedge Funds Weigh In On Curtiss-Wright

Several large investors have recently modified their holdings of the stock. International Assets Investment Management LLC grew its holdings in shares of Curtiss-Wright by 32,425.8% during the third quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company’s stock valued at $133,102,000 after buying an additional 403,701 shares during the last quarter. Congress Asset Management Co. lifted its position in Curtiss-Wright by 136.8% in the 3rd quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company’s stock valued at $150,893,000 after acquiring an additional 265,205 shares in the last quarter. World Investment Advisors LLC purchased a new stake in Curtiss-Wright during the 3rd quarter valued at $47,220,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Curtiss-Wright by 91.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 178,111 shares of the aerospace company’s stock worth $58,543,000 after purchasing an additional 85,013 shares in the last quarter. Finally, Millennium Management LLC raised its stake in shares of Curtiss-Wright by 37.0% in the second quarter. Millennium Management LLC now owns 239,187 shares of the aerospace company’s stock worth $64,815,000 after purchasing an additional 64,619 shares during the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

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.