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

Curtiss-Wright Co. (NYSE:CW - Get Free Report) has received an average rating of "Moderate Buy" from the seven research firms that are currently covering the stock, 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 twelve-month price target among brokers that have issued a report on the stock in the last year is $377.43.

CW has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Curtiss-Wright from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. Stifel Nicolaus lowered their target price on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Citigroup dropped their price target on Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Truist Financial dropped 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. Finally, Robert W. Baird increased their target price on shares of Curtiss-Wright from $432.00 to $500.00 and gave the company an "outperform" rating in a research note on Thursday.

Curtiss-Wright Stock Up 0.6%

Shares of CW traded up $2.38 during trading hours on Friday, hitting $417.81. 37,078 shares of the company were exchanged, compared to its average volume of 270,677. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69. The company has a market cap of $15.73 billion, a PE ratio of 39.60, a PEG ratio of 2.48 and a beta of 1.04. The firm's 50 day moving average is $341.20 and its 200-day moving average is $348.47. Curtiss-Wright has a 52 week low of $258.85 and a 52 week high of $423.77.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its 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. The firm had revenue of $805.65 million during the quarter, compared to analysts' expectations of $767.32 million. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. The company's revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.99 earnings per share. On average, equities research analysts forecast that Curtiss-Wright will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Shareholders 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. This represents a $0.96 annualized dividend and a yield of 0.23%. The ex-dividend date of this dividend is Monday, June 16th. Curtiss-Wright's dividend payout ratio is currently 8.54%.

Insider Buying and Selling at Curtiss-Wright

In other news, CEO Lynn M. Bamford sold 3,131 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 value of $1,018,858.71. Following the completion of the transaction, the chief executive officer now owns 42,887 shares in the company, valued at approximately $13,955,858.67. The trade was a 6.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Paul J. Ferdenzi sold 658 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $325.68, for a total value of $214,297.44. Following the sale, the insider now owns 19,239 shares in the company, valued at approximately $6,265,757.52. This trade represents a 3.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,642 shares of company stock valued at $3,581,107. 0.55% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Curtiss-Wright

A number of hedge funds have recently added to or reduced their stakes in CW. Acadian Asset Management LLC raised its stake 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 worth $1,599,000 after acquiring an additional 3,889 shares during the last quarter. Intech Investment Management LLC raised its position in Curtiss-Wright by 104.1% in the 1st quarter. Intech Investment Management LLC now owns 13,359 shares of the aerospace company's stock worth $4,238,000 after purchasing an additional 6,815 shares during the last quarter. Flaharty Asset Management LLC bought a new position in Curtiss-Wright in the 1st quarter worth approximately $69,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Curtiss-Wright by 8.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 155,188 shares of the aerospace company's stock valued at $49,236,000 after acquiring an additional 11,855 shares during the period. Finally, Woodline Partners LP lifted its position in Curtiss-Wright by 53.8% during the 1st quarter. Woodline Partners LP now owns 67,227 shares of the aerospace company's stock valued at $21,329,000 after purchasing an additional 23,529 shares during the period. 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.