Analysts Set Curtiss-Wright Co. (NYSE:CW) Price Target at $386.86

Shares of Curtiss-Wright Co. (NYSE:CW) have been given a consensus rating of “Moderate Buy” by the seven analysts that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $386.86.

CW has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft initiated 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. Stifel Nicolaus lowered Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 target price on the stock. in a research note on Monday, November 18th. Citigroup started coverage on Curtiss-Wright in a report on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price target on the stock. Finally, Truist Financial boosted their price objective on Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th.

Curtiss-Wright Stock Up 3.7 %

Shares of NYSE CW opened at $324.15 on Monday. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39. The company has a market cap of $12.21 billion, a P/E ratio of 30.73, a P/E/G ratio of 2.48 and a beta of 1.19. Curtiss-Wright has a 52 week low of $236.31 and a 52 week high of $393.40. The business has a 50-day simple moving average of $346.26 and a two-hundred day simple moving average of $344.82.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 EPS for the quarter, beating analysts’ consensus estimates of $3.12 by $0.15. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. Research analysts anticipate that Curtiss-Wright will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, March 27th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.84 annualized dividend and a dividend yield of 0.26%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.96%.

Insider Activity at Curtiss-Wright

In other news, COO Kevin Rayment sold 2,664 shares of Curtiss-Wright stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $346.92, for a total value of $924,194.88. Following the transaction, the chief operating officer now owns 24,236 shares in the company, valued at approximately $8,407,953.12. The trade was a 9.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Lynn M. Bamford sold 7,129 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $368.80, for a total value of $2,629,175.20. Following the sale, the chief executive officer now owns 28,688 shares of the company’s stock, valued at $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. In the last three months, insiders have bought 116 shares of company stock valued at $35,278 and have sold 23,064 shares valued at $8,157,322. 0.67% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Curtiss-Wright

A number of large investors have recently bought and sold shares of CW. YANKCOM Partnership bought a new position in shares of Curtiss-Wright in the fourth quarter worth approximately $31,000. Minot DeBlois Advisors LLC purchased a new stake in Curtiss-Wright during the 4th quarter valued at $35,000. Ancora Advisors LLC bought a new stake in Curtiss-Wright in the 4th quarter worth $49,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Curtiss-Wright in the third quarter valued at about $53,000. Finally, UMB Bank n.a. raised its stake in shares of Curtiss-Wright by 61.0% during the fourth quarter. UMB Bank n.a. now owns 169 shares of the aerospace company’s stock valued at $60,000 after acquiring an additional 64 shares during the last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.

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.