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

Key Points

• Curtiss-Wright has a consensus rating of Moderate Buy from seven analysts (four buys, three holds) with an average one-year target of $663.17, and notable analyst actions include Morgan Stanley's $760 overweight and Citigroup raising its target to $718.
• The company posted a quarterly beat — $3.79 EPS vs. $3.66 expected and $947M revenue vs. $890M expected — with revenue up 14.9% year-over-year and analysts projecting roughly 12.32 EPS for the fiscal year.

Curtiss-Wright Corporation (NYSE:CW - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the seven research firms that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $663.1667.

A number of analysts have recently commented on the stock. Morgan Stanley restated an "overweight" rating and set a $760.00 target price on shares of Curtiss-Wright in a report on Friday, February 13th. Wall Street Zen upgraded shares of Curtiss-Wright from a "hold" rating to a "buy" rating in a report on Saturday, January 10th. Stifel Nicolaus upped their price target on shares of Curtiss-Wright from $625.00 to $650.00 and gave the stock a "hold" rating in a research note on Friday, February 13th. Truist Financial set a $603.00 target price on Curtiss-Wright in a research note on Friday, January 9th. Finally, Citigroup upped their target price on shares of Curtiss-Wright from $661.00 to $718.00 and gave the company a "neutral" rating in a research note on Friday, February 13th.

Curtiss-Wright Stock Down 1.7%

Shares of NYSE:CW opened at $680.54 on Friday. Curtiss-Wright has a 52-week low of $266.88 and a 52-week high of $730.12. The firm has a market capitalization of $25.09 billion, a P/E ratio of 52.88, a P/E/G ratio of 3.37 and a beta of 0.91. The stock has a 50 day moving average price of $662.19 and a 200-day moving average price of $583.52. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.44.

Curtiss-Wright (NYSE:CW - Get Free Report) last released its quarterly earnings results on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share for the quarter, beating the consensus estimate of $3.66 by $0.13. The company had revenue of $946.98 million for the quarter, compared to analyst estimates of $890.14 million. Curtiss-Wright had a return on equity of 19.28% and a net margin of 13.84%.The firm's revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the company posted $3.27 earnings per share. As a group, equities research analysts anticipate that Curtiss-Wright will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Thursday, March 26th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, March 26th. Curtiss-Wright's payout ratio is 7.46%.

Insider Buying and Selling at Curtiss-Wright

In other news, VP Robert F. Freda sold 418 shares of the stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $626.95, for a total transaction of $262,065.10. Following the transaction, the vice president directly owned 5,187 shares of the company's stock, valued at $3,251,989.65. This represents a 7.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Lynn M. Bamford sold 9,327 shares of Curtiss-Wright stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $626.45, for a total value of $5,842,899.15. Following the completion of the sale, the chief executive officer directly owned 46,192 shares of the company's stock, valued at $28,936,978.40. The trade was a 16.80% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 17,269 shares of company stock worth $10,797,098. 0.55% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Curtiss-Wright

Several institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. boosted its holdings in shares of Curtiss-Wright by 10.6% in the first quarter. Goldman Sachs Group Inc. now owns 213,101 shares of the aerospace company's stock worth $67,611,000 after buying an additional 20,379 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in Curtiss-Wright during the second quarter valued at approximately $235,000. Wedbush Securities Inc. bought a new position in Curtiss-Wright in the second quarter worth approximately $209,000. Penserra Capital Management LLC bought a new position in Curtiss-Wright in the second quarter worth approximately $29,000. Finally, Acadian Asset Management LLC boosted its stake in shares of Curtiss-Wright by 113.5% during the 2nd quarter. Acadian Asset Management LLC now owns 10,771 shares of the aerospace company's stock worth $5,258,000 after acquiring an additional 5,725 shares during the last quarter. Institutional investors own 82.71% of the company's stock.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation NYSE: CW is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.

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