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

Key Points

• Brokerages have a consensus recommendation of "Moderate Buy" for Curtiss‑Wright (7 analysts: 4 buys, 3 holds) with an average 12‑month price target of $677.
• The company reported a strong quarter—EPS of $3.79 beat estimates and revenue rose 14.9% year‑over‑year—and analysts forecast about $15.06 EPS for the current fiscal year.
• Curtiss‑Wright pays a small quarterly dividend (annualized $0.96, yield ~0.1%), insiders have sold roughly 22,717 shares (~$14.5M) in the past 90 days, and institutions own about 82.7% of the stock.

Shares of Curtiss-Wright Corporation (NYSE:CW - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the seven ratings firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $677.00.

Several research analysts have recently commented on CW shares. Truist Financial set a $603.00 target price on Curtiss-Wright in a research report on Friday, January 9th. Citigroup raised their price objective on Curtiss-Wright from $718.00 to $728.00 and gave the stock a "neutral" rating in a research note on Thursday, April 2nd. Morgan Stanley reaffirmed an "overweight" rating and issued a $760.00 price objective on shares of Curtiss-Wright in a report on Friday, February 13th. Stifel Nicolaus boosted their target price on shares of Curtiss-Wright from $650.00 to $723.00 and gave the company a "hold" rating in a research note on Tuesday, April 14th. Finally, Wall Street Zen upgraded shares of Curtiss-Wright from a "hold" rating to a "buy" rating in a research report on Saturday, January 10th.

Curtiss-Wright Stock Performance

Shares of Curtiss-Wright stock opened at $712.66 on Friday. 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 has a 1 year low of $352.03 and a 1 year high of $748.14. The firm's 50-day simple moving average is $701.67 and its 200-day simple moving average is $629.92. The firm has a market cap of $26.30 billion, a PE ratio of 55.37, a price-to-earnings-growth ratio of 3.42 and a beta of 0.91.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its quarterly earnings results on Wednesday, February 11th. The aerospace company reported $3.79 EPS for the quarter, topping analysts' consensus estimates of $3.66 by $0.13. Curtiss-Wright had a return on equity of 19.28% and a net margin of 13.84%.The business had revenue of $946.98 million during the quarter, compared to the consensus estimate of $890.14 million. During the same period last year, the firm earned $3.27 earnings per share. The company's revenue for the quarter was up 14.9% compared to the same quarter last year. Equities analysts forecast that Curtiss-Wright will post 15.06 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 13th. Investors of record on Thursday, March 26th were paid a dividend of $0.24 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.96 annualized dividend and a yield of 0.1%. Curtiss-Wright's dividend payout ratio is 7.46%.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, VP Gary A. Ogilby sold 625 shares of Curtiss-Wright stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $624.32, for a total value of $390,200.00. Following the completion of the transaction, the vice president directly owned 2,571 shares in the company, valued at $1,605,126.72. The trade was a 19.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP John C. Watts sold 652 shares of the company's stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $625.57, for a total value of $407,871.64. Following the transaction, the executive vice president directly owned 3,890 shares of the company's stock, valued at $2,433,467.30. This trade represents a 14.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 22,717 shares of company stock valued at $14,533,791 over the last ninety days. Insiders own 0.51% of the company's stock.

Institutional Investors Weigh In On Curtiss-Wright

Large investors have recently added to or reduced their stakes in the stock. Atlantic Union Bankshares Corp bought a new stake in Curtiss-Wright in the third quarter valued at $26,000. Cary Street Partners Investment Advisory LLC bought a new position in shares of Curtiss-Wright during the fourth quarter worth about $31,000. Larson Financial Group LLC increased its holdings in shares of Curtiss-Wright by 53.8% in the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company's stock worth $33,000 after acquiring an additional 21 shares during the period. First Horizon Corp acquired a new stake in shares of Curtiss-Wright in the 3rd quarter worth about $34,000. Finally, Transamerica Financial Advisors LLC lifted its position in Curtiss-Wright by 25.9% in the 4th quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company's stock valued at $40,000 after purchasing an additional 15 shares during the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

About Curtiss-Wright

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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