Curtiss-Wright (NYSE:CW) Price Target Raised to $568.00 at Citigroup

Curtiss-Wright (NYSE:CW - Free Report) had its price objective increased by Citigroup from $525.00 to $568.00 in a report issued on Monday,Benzinga reports. The firm currently has a buy rating on the aerospace company's stock.

CW has been the subject of a number of other reports. Stifel Nicolaus reduced their price objective on shares of Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Truist Financial reduced their price objective on shares of Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating for the company in a research report on Friday, July 11th. Wall Street Zen upgraded shares of Curtiss-Wright from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 12th. Finally, Robert W. Baird upped their price objective on shares of Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $447.00.

Curtiss-Wright Stock Performance

Shares of CW stock traded up $2.82 during trading hours on Monday, hitting $484.61. The company's stock had a trading volume of 186,667 shares, compared to its average volume of 288,536. The company has a 50 day moving average of $453.49 and a 200 day moving average of $375.62. The stock has a market cap of $18.25 billion, a PE ratio of 43.11, a price-to-earnings-growth ratio of 3.03 and a beta of 1.15. The company has a current ratio of 1.89, a quick ratio of 1.28 and a debt-to-equity ratio of 0.37. Curtiss-Wright has a 12-month low of $258.85 and a 12-month high of $493.95.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.39 by $0.43. Curtiss-Wright had a net margin of 13.38% and a return on equity of 18.02%. The firm had revenue of $805.65 million for the quarter, compared to the consensus estimate of $767.32 million. During the same period in the prior year, the firm posted $1.99 earnings per share. The firm's quarterly revenue was up 13.0% compared to the same quarter last year. On average, sell-side analysts forecast that Curtiss-Wright will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 7th. Investors of record on Monday, June 16th were given a dividend of $0.24 per share. This is a boost from Curtiss-Wright's previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a yield of 0.20%. The ex-dividend date of this dividend was Monday, June 16th. Curtiss-Wright's dividend payout ratio (DPR) is presently 8.54%.

Insiders Place Their Bets

In other Curtiss-Wright news, Director Bruce D. Hoechner sold 1,900 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $448.00, for a total transaction of $851,200.00. Following the completion of the transaction, the director owned 4,523 shares of the company's stock, valued at $2,026,304. This trade represents a 29.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP John C. Watts sold 450 shares of the stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $449.36, for a total transaction of $202,212.00. Following the transaction, the vice president directly owned 4,959 shares of the company's stock, valued at approximately $2,228,376.24. This trade represents a 8.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,130 shares of company stock valued at $2,726,412 over the last 90 days. 0.55% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CW. Whipplewood Advisors LLC boosted its stake in shares of Curtiss-Wright by 1,566.7% in the first quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company's stock valued at $32,000 after purchasing an additional 94 shares during the period. 1 North Wealth Services LLC purchased a new position in shares of Curtiss-Wright in the first quarter valued at approximately $32,000. Minot DeBlois Advisors LLC purchased a new position in shares of Curtiss-Wright in the fourth quarter valued at approximately $35,000. Private Trust Co. NA lifted its stake in Curtiss-Wright by 13,800.0% in the first quarter. Private Trust Co. NA now owns 139 shares of the aerospace company's stock worth $44,000 after acquiring an additional 138 shares during the last quarter. Finally, Ancora Advisors LLC purchased a new position in Curtiss-Wright in the fourth quarter worth approximately $49,000. Hedge funds and other institutional investors 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.