Curtiss-Wright Corporation (NYSE:CW) Stock Has Consensus Price Target of $768.25 According to Brokerages

Key Points

• Analysts have a “Moderate Buy” consensus on Curtiss-Wright, with three buy ratings, one strong-buy rating and four holds. The average 12-month price target is $768.25.
• CW shares opened at $532.37, near the company’s 52-week low of $521.66 and well below its 52-week high of $808.16.
• Curtiss-Wright exceeded quarterly earnings expectations, reporting EPS of $3.72 versus a $3.62 consensus estimate, while revenue rose 5.4% year over year. The company also increased its quarterly dividend from $0.24 to $0.26 per share.

Shares of Curtiss-Wright Corporation (NYSE:CW - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the eight ratings firms that are covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $768.25.

A number of equities analysts have commented on the stock. Wall Street Zen lowered shares of Curtiss-Wright from a "buy" rating to a "hold" rating in a report on Saturday, August 15th. Weiss Ratings downgraded Curtiss-Wright from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, September 4th. Stifel Nicolaus lifted their target price on Curtiss-Wright from $724.00 to $768.00 and gave the stock a "hold" rating in a research report on Monday, July 20th. Deutsche Bank Aktiengesellschaft set a $801.00 price target on Curtiss-Wright in a research note on Wednesday, August 12th. Finally, Piper Sandler started coverage on Curtiss-Wright in a research note on Wednesday, September 2nd. They set a "neutral" rating and a $665.00 price objective for the company.

Insiders Place Their Bets

In other Curtiss-Wright news, EVP John Watts sold 1,035 shares of the firm's stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $619.46, for a total transaction of $641,141.10. Following the completion of the transaction, the executive vice president directly owned 2,736 shares of the company's stock, valued at $1,694,842.56. This trade represents a 27.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Larry D. Wyche sold 100 shares of the business's stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $596.74, for a total transaction of $59,674.00. Following the completion of the sale, the director directly owned 1,414 shares of the company's stock, valued at $843,790.36. The trade was a 6.61% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.51% of the company's stock.

Institutional Trading of Curtiss-Wright

Several institutional investors and hedge funds have recently bought and sold shares of CW. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Curtiss-Wright in the 2nd quarter worth approximately $30,000. Quantbot Technologies LP acquired a new stake in shares of Curtiss-Wright during the 2nd quarter valued at approximately $30,000. Fiduciary Financial Advisors bought a new position in Curtiss-Wright during the second quarter worth $31,000. Signature Equity Partners LLC lifted its stake in Curtiss-Wright by 140.0% during the first quarter. Signature Equity Partners LLC now owns 60 shares of the aerospace company's stock worth $41,000 after purchasing an additional 35 shares during the last quarter. Finally, Elevation Wealth Partners LLC boosted its holdings in Curtiss-Wright by 237.5% in the second quarter. Elevation Wealth Partners LLC now owns 54 shares of the aerospace company's stock worth $41,000 after purchasing an additional 38 shares during the period. Institutional investors and hedge funds own 82.71% of the company's stock.

Curtiss-Wright Stock Down 1.4%

Shares of NYSE:CW opened at $532.37 on Tuesday. The company has a market capitalization of $19.66 billion, a price-to-earnings ratio of 36.64, a price-to-earnings-growth ratio of 2.44 and a beta of 0.84. The company has a 50 day moving average of $637.60 and a two-hundred day moving average of $695.62. Curtiss-Wright has a 52-week low of $521.66 and a 52-week high of $808.16. The company has a quick ratio of 1.12, a current ratio of 1.60 and a debt-to-equity ratio of 0.27.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its earnings results on Thursday, August 6th. The aerospace company reported $3.72 EPS for the quarter, topping analysts' consensus estimates of $3.62 by $0.10. The business had revenue of $924.01 million for the quarter, compared to analysts' expectations of $926.17 million. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. The business's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the company posted $3.23 earnings per share. As a group, analysts forecast that Curtiss-Wright will post 15.27 earnings per share for the current fiscal year.

Curtiss-Wright Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 25th will be issued a $0.26 dividend. This is a boost from Curtiss-Wright's previous quarterly dividend of $0.24. This represents a $1.04 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, September 25th. Curtiss-Wright's dividend payout ratio is currently 7.16%.

About Curtiss-Wright

Curtiss-Wright Corporation NYSE: CW is a diversified industrial company that develops and manufactures highly engineered products and services for the aerospace, defense, commercial nuclear and general industrial markets. Its offerings include sensors, actuators, valves, pumps, electronic systems, embedded computing products, surface-treatment services and other components designed for demanding operating environments.

The company serves aerospace and defense customers with products used in aircraft, naval vessels, ground vehicles, missile systems and other defense platforms.

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