Analysts Set Curtiss-Wright Co. (NYSE:CW) Price Target at $379.00

Shares of Curtiss-Wright Co. (NYSE:CW) have received a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $383.00.

Several analysts have weighed in on CW shares. 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 report on Monday, November 18th. Morgan Stanley increased their price objective on shares of Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Alembic Global Advisors assumed coverage on shares of Curtiss-Wright in a research report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 target price for the company. Deutsche Bank Aktiengesellschaft started coverage on shares of Curtiss-Wright in a research report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price target on the stock. Finally, Truist Financial raised their price objective on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research note on Tuesday.

Insider Activity at Curtiss-Wright

In related news, VP John C. Watts sold 412 shares of the company’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 transaction of $148,134.60. Following the completion of the transaction, the vice president now owns 4,183 shares of the company’s stock, valued at approximately $1,503,997.65. This represents a 8.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Lynn M. Bamford sold 7,129 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $368.80, for a total transaction of $2,629,175.20. Following the transaction, 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 116 shares of company stock valued at $35,278. Company insiders own 0.67% of the company’s stock.

Institutional Trading of Curtiss-Wright

Institutional investors and hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC lifted its position in 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 in the last quarter. Congress Asset Management Co. raised its stake in shares of 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 during the period. World Investment Advisors LLC acquired a new position in shares of Curtiss-Wright during the 3rd quarter valued at $47,220,000. Allspring Global Investments Holdings LLC boosted its position in Curtiss-Wright by 91.3% during 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 during the period. Finally, Millennium Management LLC increased its holdings in Curtiss-Wright by 37.0% in the 2nd quarter. Millennium Management LLC now owns 239,187 shares of the aerospace company’s stock valued at $64,815,000 after purchasing an additional 64,619 shares in the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Curtiss-Wright Price Performance

Shares of NYSE CW opened at $359.92 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 1.98. Curtiss-Wright has a one year low of $217.57 and a one year high of $393.40. The firm has a market capitalization of $13.66 billion, a P/E ratio of 34.05, a PEG ratio of 2.92 and a beta of 1.18. The company’s fifty day moving average is $364.85 and its two-hundred day moving average is $329.13.

Curtiss-Wright Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 22nd were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date of this dividend was Friday, November 22nd. Curtiss-Wright’s dividend payout ratio is presently 7.95%.

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.