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

Curtiss-Wright Co. (NYSE:CW) has received an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $386.86.

A number of brokerages have commented on CW. Citigroup started coverage on Curtiss-Wright in a research report on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price objective for the company. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Curtiss-Wright in a research note on Thursday, December 5th. They set a “buy” rating and a $452.00 price target on the stock. Finally, Truist Financial increased their price objective on shares of Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a research note on Tuesday, January 14th.

Curtiss-Wright Stock Down 2.7 %

CW opened at $316.74 on Friday. The business has a 50 day moving average of $334.14 and a 200-day moving average of $346.94. The stock has a market capitalization of $11.93 billion, a price-to-earnings ratio of 30.02, a P/E/G ratio of 2.48 and a beta of 1.15. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. Curtiss-Wright has a 1-year low of $246.43 and a 1-year high of $393.40.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share 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%. As a group, sell-side analysts anticipate that Curtiss-Wright will post 12.32 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Thursday, March 27th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.96%.

Insider Activity at Curtiss-Wright

In related news, CFO K Christopher Farkas sold 2,453 shares of Curtiss-Wright stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $347.00, for a total value of $851,191.00. Following the completion of the transaction, the chief financial officer now directly owns 12,712 shares of the company’s stock, valued at $4,411,064. The trade was a 16.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP John C. Watts sold 622 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $347.05, for a total transaction of $215,865.10. Following the transaction, the vice president now owns 5,072 shares in the company, valued at approximately $1,760,237.60. This trade represents a 10.92 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders bought 116 shares of company stock valued at $35,278 and sold 21,797 shares valued at $7,436,255. 0.67% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Curtiss-Wright

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tidal Investments LLC grew its position in shares of Curtiss-Wright by 2.6% during the 3rd quarter. Tidal Investments LLC now owns 1,159 shares of the aerospace company’s stock worth $381,000 after buying an additional 29 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in Curtiss-Wright by 0.9% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,319 shares of the aerospace company’s stock worth $1,178,000 after acquiring an additional 29 shares during the last quarter. Harbour Investments Inc. grew its holdings in Curtiss-Wright by 10.6% during the fourth quarter. Harbour Investments Inc. now owns 312 shares of the aerospace company’s stock valued at $111,000 after purchasing an additional 30 shares during the period. Cornerstone Investment Partners LLC grew its holdings in Curtiss-Wright by 3.6% during the fourth quarter. Cornerstone Investment Partners LLC now owns 918 shares of the aerospace company’s stock valued at $326,000 after purchasing an additional 32 shares during the period. Finally, Ascent Group LLC increased its stake in Curtiss-Wright by 4.9% in the fourth quarter. Ascent Group LLC now owns 713 shares of the aerospace company’s stock valued at $253,000 after purchasing an additional 33 shares in the last quarter. Institutional investors and hedge funds 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.