Curtiss-Wright (NYSE:CW) Price Target Raised to $520.00 at Citigroup

Curtiss-Wright (NYSE:CW - Free Report) had its price target upped by Citigroup from $444.00 to $520.00 in a research note issued to investors on Monday morning,Benzinga reports. Citigroup currently has a buy rating on the aerospace company's stock.

CW has been the subject of a number of other reports. Truist Financial decreased their price objective on Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. Wall Street Zen cut Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 24th. Robert W. Baird lifted their price objective on Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Finally, Stifel Nicolaus decreased their price objective on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating for the company in a research note on Monday, April 14th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $418.00.

Curtiss-Wright Trading Up 0.5%

Shares of NYSE CW traded up $2.57 during midday trading on Monday, hitting $474.28. The stock had a trading volume of 238,345 shares, compared to its average volume of 279,980. The company's 50-day simple moving average is $381.73 and its 200 day simple moving average is $356.99. The firm has a market cap of $17.86 billion, a P/E ratio of 44.96, a price-to-earnings-growth ratio of 2.48 and a beta of 1.14. Curtiss-Wright has a fifty-two week low of $258.85 and a fifty-two week high of $475.94. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $2.82 EPS for the quarter, topping analysts' consensus estimates of $2.39 by $0.43. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. The business had revenue of $805.65 million during the quarter, compared to analysts' expectations of $767.32 million. During the same period in the previous year, the firm earned $1.99 earnings per share. The firm's quarterly revenue was up 13.0% compared to the same quarter last year. Research analysts anticipate that Curtiss-Wright will post 12.32 EPS for the current year.

Curtiss-Wright Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, June 16th. This is a positive change from Curtiss-Wright's previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a yield of 0.20%. Curtiss-Wright's payout ratio is currently 8.54%.

Insiders Place Their Bets

In other news, CEO Lynn M. Bamford sold 3,131 shares of the business's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total value of $1,018,858.71. Following the sale, the chief executive officer now directly owns 42,887 shares in the company, valued at $13,955,858.67. The trade was a 6.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP John C. Watts sold 450 shares of the business's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $449.36, for a total value of $202,212.00. Following the completion of the sale, the vice president now owns 4,959 shares in the company, valued at approximately $2,228,376.24. This trade represents a 8.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,992 shares of company stock worth $4,634,519. Corporate insiders own 0.55% of the company's stock.

Institutional Trading of Curtiss-Wright

A number of institutional investors have recently modified their holdings of the company. Inspire Investing LLC lifted its holdings in shares of Curtiss-Wright by 1.7% in the first quarter. Inspire Investing LLC now owns 10,258 shares of the aerospace company's stock valued at $3,255,000 after purchasing an additional 174 shares in the last quarter. Strs Ohio bought a new stake in shares of Curtiss-Wright in the first quarter valued at about $3,651,000. Acadian Asset Management LLC lifted its holdings in shares of Curtiss-Wright by 336.1% in the first quarter. Acadian Asset Management LLC now owns 5,046 shares of the aerospace company's stock valued at $1,599,000 after purchasing an additional 3,889 shares in the last quarter. Intech Investment Management LLC lifted its holdings in shares of Curtiss-Wright by 104.1% in the first quarter. Intech Investment Management LLC now owns 13,359 shares of the aerospace company's stock valued at $4,238,000 after purchasing an additional 6,815 shares in the last quarter. Finally, Flaharty Asset Management LLC bought a new stake in shares of Curtiss-Wright in the first quarter valued at about $69,000. 82.71% of the stock is currently owned by 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.