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

Key Points

• Curtiss-Wright Corporation has received an average rating of "Moderate Buy" from eight research firms, with two hold ratings and six buy ratings.
• The company's quarterly earnings report showed earnings per share of $3.23, surpassing the expected $3.13, and revenue of $876.58 million, exceeding expectations.
• Curtiss-Wright has announced a quarterly dividend of $0.24 per share, representing a yield of 0.2%.

Curtiss-Wright Corporation (NYSE:CW - Get Free Report) has earned an average rating of "Moderate Buy" from the eight research firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $492.8571.

Several research analysts have recently weighed in on CW shares. Wall Street Zen cut shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 2nd. Morgan Stanley boosted their price objective on shares of Curtiss-Wright from $405.00 to $550.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Citigroup upped their target price on shares of Curtiss-Wright from $525.00 to $568.00 and gave the company a "buy" rating in a report on Monday, July 14th. Truist Financial reduced their target price on shares of Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating for the company in a report on Friday, July 11th. Finally, Stifel Nicolaus upped their target price on shares of Curtiss-Wright from $450.00 to $457.00 and gave the company a "hold" rating in a report on Friday, August 8th.

Curtiss-Wright Stock Up 2.1%

CW opened at $550.60 on Tuesday. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.35. The firm has a 50 day moving average price of $506.00 and a 200-day moving average price of $447.98. Curtiss-Wright has a twelve month low of $266.88 and a twelve month high of $561.49. The stock has a market capitalization of $20.75 billion, a price-to-earnings ratio of 46.46, a PEG ratio of 3.06 and a beta of 1.14.

Curtiss-Wright (NYSE:CW - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share for the quarter, beating the consensus estimate of $3.13 by $0.10. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. The firm had revenue of $876.58 million during the quarter, compared to analysts' expectations of $855.10 million. During the same period in the previous year, the company earned $2.67 earnings per share. The firm's quarterly revenue was up 11.7% on a year-over-year basis. Equities research analysts forecast that Curtiss-Wright will post 12.32 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Friday, September 26th. Curtiss-Wright's dividend payout ratio is currently 8.10%.

Insider Buying and Selling

In other Curtiss-Wright news, VP John C. Watts sold 1,110 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $480.50, for a total transaction of $533,355.00. Following the completion of the sale, the vice president directly owned 3,863 shares of the company's stock, valued at approximately $1,856,171.50. This represents a 22.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.55% of the company's stock.

Institutional Trading of Curtiss-Wright

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Twin Peaks Wealth Advisors LLC bought a new position in shares of Curtiss-Wright in the second quarter worth approximately $27,000. Penserra Capital Management LLC bought a new position in shares of Curtiss-Wright in the second quarter worth approximately $29,000. 1 North Wealth Services LLC bought a new position in shares of Curtiss-Wright in the first quarter worth approximately $32,000. Private Trust Co. NA boosted its position in shares of Curtiss-Wright by 13,800.0% in the first quarter. Private Trust Co. NA now owns 139 shares of the aerospace company's stock worth $44,000 after purchasing an additional 138 shares during the period. Finally, West Oak Capital LLC bought a new position in shares of Curtiss-Wright in the second quarter worth approximately $49,000. 82.71% of the stock is owned by hedge funds and other institutional investors.

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.

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