Curtiss-Wright Corporation (NYSE:CW) Receives Average Recommendation of "Moderate Buy" from Brokerages

Curtiss-Wright Corporation (NYSE:CW - Get Free Report) has received a consensus rating of "Moderate Buy" from the seven brokerages that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $467.14.

A number of equities analysts recently commented on CW shares. Citigroup increased their price target on Curtiss-Wright from $525.00 to $568.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Stifel Nicolaus lifted their price objective on Curtiss-Wright from $365.00 to $450.00 and gave the company a "hold" rating in a report on Monday, July 21st. Morgan Stanley increased their price target on Curtiss-Wright from $405.00 to $550.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Truist Financial lowered their target price on Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating on the stock in a research note on Friday, July 11th. Finally, Wall Street Zen upgraded Curtiss-Wright from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 12th.

Curtiss-Wright Stock Up 0.7%

Shares of NYSE CW traded up $3.55 during mid-day trading on Thursday, hitting $493.77. 310,028 shares of the stock traded hands, compared to its average volume of 254,077. The stock has a fifty day moving average price of $471.62 and a 200-day moving average price of $385.74. The company has a market cap of $18.60 billion, a price-to-earnings ratio of 43.93, a PEG ratio of 3.08 and a beta of 1.18. Curtiss-Wright has a 52 week low of $258.85 and a 52 week high of $499.30. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.28 and a current ratio of 1.89.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its earnings results on Wednesday, May 7th. The aerospace company reported $2.82 EPS for the quarter, topping analysts' consensus estimates of $2.39 by $0.43. The business had revenue of $805.65 million during the quarter, compared to the consensus estimate of $767.32 million. Curtiss-Wright had a net margin of 13.38% and a return on equity of 18.02%. The firm's revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.99 EPS. Research analysts anticipate that Curtiss-Wright will post 12.32 EPS for the current year.

Curtiss-Wright Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 7th. Stockholders of record on Monday, June 16th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, June 16th. This is an increase from Curtiss-Wright's previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.2%. Curtiss-Wright's dividend payout ratio is 8.54%.

Insiders Place Their Bets

In other news, Director Bruce D. Hoechner sold 1,900 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $448.00, for a total value of $851,200.00. Following the completion of the sale, the director directly owned 4,523 shares in the company, valued at approximately $2,026,304. The trade was a 29.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP John C. Watts sold 450 shares of the firm's 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 completion of the transaction, the vice president directly owned 4,959 shares in the company, valued at $2,228,376.24. This represents a 8.32% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.55% of the company's stock.

Hedge Funds Weigh In On Curtiss-Wright

Several hedge funds have recently modified their holdings of CW. Minot DeBlois Advisors LLC purchased a new position in Curtiss-Wright during the fourth quarter valued at approximately $35,000. Whipplewood Advisors LLC lifted its position in shares of Curtiss-Wright by 1,566.7% during the 1st quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company's stock worth $32,000 after purchasing an additional 94 shares during the last quarter. 1 North Wealth Services LLC acquired a new stake in shares of Curtiss-Wright in the first quarter worth $32,000. West Oak Capital LLC acquired a new position in shares of Curtiss-Wright during the second quarter valued at about $49,000. Finally, Ancora Advisors LLC acquired a new stake in shares of Curtiss-Wright during the 4th quarter worth approximately $49,000. 82.71% of the stock is currently owned by institutional investors and hedge funds.

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.