Curtiss-Wright Co. (NYSE:CW) Receives $418.00 Average PT from Analysts

Curtiss-Wright Co. (NYSE:CW - Get Free Report) has received a consensus rating of "Moderate Buy" from the seven brokerages that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $418.00.

Several research firms recently issued reports on CW. Wall Street Zen cut shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 24th. Citigroup boosted their target price on shares of Curtiss-Wright from $444.00 to $520.00 and gave the stock a "buy" rating in a research report on Monday. Truist Financial reduced their price target on shares of Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. Robert W. Baird lifted their price target 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 cut their price objective on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a research note on Monday, April 14th.

Insider Buying and Selling

In other Curtiss-Wright news, VP George P. Mcdonald sold 148 shares of the firm's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total value of $48,160.68. Following the sale, the vice president now directly owns 1,899 shares in the company, valued at $617,953.59. This trade represents a 7.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Bruce D. Hoechner sold 1,900 shares of the company's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $448.00, for a total transaction of $851,200.00. Following the sale, the director now directly owns 4,523 shares in the company, valued at $2,026,304. This represents a 29.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,992 shares of company stock worth $4,634,519. Corporate insiders own 0.55% of the company's stock.

Institutional Investors Weigh In On Curtiss-Wright

Several hedge funds and other institutional investors have recently made changes to their positions in CW. Empowered Funds LLC bought a new position in Curtiss-Wright during the 4th quarter worth approximately $6,224,000. WCM Investment Management LLC acquired a new stake in Curtiss-Wright in the fourth quarter worth $1,973,000. David Wealth Management LLC bought a new position in shares of Curtiss-Wright during the fourth quarter worth $221,000. Gladstone Institutional Advisory LLC bought a new position in shares of Curtiss-Wright during the fourth quarter worth $391,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Curtiss-Wright by 90.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 338,506 shares of the aerospace company's stock valued at $118,961,000 after buying an additional 160,395 shares during the period. 82.71% of the stock is owned by institutional investors and hedge funds.

Curtiss-Wright Trading Up 3.2%

Shares of CW stock traded up $14.40 on Wednesday, reaching $470.94. 338,448 shares of the stock were exchanged, compared to its average volume of 280,317. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39. The stock has a market cap of $17.74 billion, a P/E ratio of 44.64, a price-to-earnings-growth ratio of 2.48 and a beta of 1.14. The firm has a 50 day moving average of $374.26 and a two-hundred day moving average of $355.48. Curtiss-Wright has a 1-year low of $258.85 and a 1-year high of $471.63.

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

Curtiss-Wright Increases Dividend

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

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.