Curtiss-Wright Co. (NYSE:CW) Given Average Rating of "Moderate Buy" by Analysts

Curtiss-Wright Co. (NYSE:CW - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the seven brokerages that are currently covering the stock, Marketbeat.com 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 price target among brokers that have issued a report on the stock in the last year is $418.00.

Several equities research analysts recently issued reports on CW shares. Wall Street Zen cut shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 24th. Stifel Nicolaus decreased their target price on shares of Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Citigroup raised 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, June 9th. Robert W. Baird raised their target price 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. Finally, Truist Financial decreased their target price 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.

Curtiss-Wright Trading Down 0.2%

Shares of Curtiss-Wright stock traded down $0.76 during mid-day trading on Wednesday, hitting $473.43. 273,736 shares of the stock were exchanged, compared to its average volume of 280,712. Curtiss-Wright has a twelve month low of $258.85 and a twelve month high of $478.99. The stock has a market capitalization of $17.83 billion, a price-to-earnings ratio of 44.88, a price-to-earnings-growth ratio of 2.48 and a beta of 1.14. The company has a 50-day simple moving average of $385.35 and a 200 day simple moving average of $357.67. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39.

Curtiss-Wright (NYSE:CW - Get Free Report) last released its quarterly earnings results 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 for the quarter, compared to analysts' expectations of $767.32 million. During the same period last year, the company earned $1.99 EPS. The firm's revenue for the quarter was up 13.0% compared to the same quarter last year. Research analysts forecast 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. Investors of record on Monday, June 16th will be issued a $0.24 dividend. This is a positive change from Curtiss-Wright's previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 16th. This represents a $0.96 annualized dividend and a yield of 0.20%. Curtiss-Wright's dividend payout ratio (DPR) is presently 8.54%.

Insider Activity at Curtiss-Wright

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

Institutional Trading of Curtiss-Wright

A number of hedge funds have recently made changes to their positions in the company. Truist Financial Corp grew its position in shares of Curtiss-Wright by 6.2% during the fourth quarter. Truist Financial Corp now owns 14,230 shares of the aerospace company's stock worth $5,050,000 after buying an additional 825 shares in the last quarter. Athena Investment Management acquired a new position in Curtiss-Wright in the fourth quarter worth $302,000. Daiwa Securities Group Inc. boosted its holdings in Curtiss-Wright by 1,694.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 11,863 shares of the aerospace company's stock worth $4,210,000 after purchasing an additional 11,202 shares during the period. JPMorgan Chase & Co. boosted its holdings in Curtiss-Wright by 28.9% in the fourth quarter. JPMorgan Chase & Co. now owns 153,631 shares of the aerospace company's stock worth $54,519,000 after purchasing an additional 34,489 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Curtiss-Wright by 44,878.7% in the first quarter. GAMMA Investing LLC now owns 259,527 shares of the aerospace company's stock worth $82,340,000 after purchasing an additional 258,950 shares during the period. Hedge funds and other institutional investors own 82.71% of the company's stock.

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.