Curtiss-Wright Co. (NYSE:CW) Receives $364.40 Average Price Target from Brokerages

Shares of Curtiss-Wright Co. (NYSE:CW) have been given an average recommendation of “Moderate Buy” by the five analysts that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $364.40.

A number of equities research analysts have issued reports on CW shares. Robert W. Baird increased their price objective on shares of Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Morgan Stanley upped their target price on Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. StockNews.com downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. Truist Financial raised their price objective on Curtiss-Wright from $304.00 to $333.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Finally, Alembic Global Advisors assumed coverage on shares of Curtiss-Wright in a report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price target for the company.

Curtiss-Wright Price Performance

Curtiss-Wright stock opened at $371.35 on Friday. 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 market capitalization of $14.09 billion, a price-to-earnings ratio of 35.13 and a beta of 1.17. The stock’s 50 day moving average is $350.07 and its 200-day moving average is $307.94. Curtiss-Wright has a 12 month low of $209.01 and a 12 month high of $393.40.

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 22nd will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.84 annualized dividend and a dividend yield of 0.23%. Curtiss-Wright’s payout ratio is currently 7.95%.

Insider Buying and Selling

In related news, VP John C. Watts sold 412 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total value of $148,134.60. Following the sale, the vice president now directly owns 4,183 shares of the company’s stock, valued at $1,503,997.65. This trade represents a 8.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.67% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tsfg LLC lifted its position in Curtiss-Wright by 191.4% in the third quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock valued at $34,000 after purchasing an additional 67 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Curtiss-Wright by 5,050.0% in the 2nd quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company’s stock worth $28,000 after acquiring an additional 101 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Curtiss-Wright by 303.8% during the third quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock valued at $35,000 after purchasing an additional 79 shares in the last quarter. GPS Wealth Strategies Group LLC purchased a new position in Curtiss-Wright during the second quarter valued at $30,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Curtiss-Wright by 1,933.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company’s stock valued at $31,000 after buying an additional 116 shares in the last quarter. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

About Curtiss-Wright

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.