Stifel Nicolaus Raises Curtiss-Wright (NYSE:CW) Price Target to $272.00

Curtiss-Wright (NYSE:CW - Free Report) had its price objective boosted by Stifel Nicolaus from $255.00 to $272.00 in a research report released on Wednesday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the aerospace company's stock.

Several other research analysts also recently commented on CW. Truist Financial reaffirmed a hold rating and issued a $240.00 price target (down previously from $250.00) on shares of Curtiss-Wright in a research note on Monday, March 25th. Robert W. Baird raised their price target on shares of Curtiss-Wright from $246.00 to $300.00 and gave the stock an outperform rating in a research note on Monday, April 8th. Finally, StockNews.com downgraded shares of Curtiss-Wright from a strong-buy rating to a buy rating in a research note on Tuesday, March 26th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $260.25.

Curtiss-Wright Price Performance

CW stock traded down $0.19 during trading on Wednesday, hitting $249.74. 142,569 shares of the company's stock traded hands, compared to its average volume of 188,163. Curtiss-Wright has a 52 week low of $157.72 and a 52 week high of $261.46. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.50 and a current ratio of 2.13. The business has a fifty day simple moving average of $243.79 and a 200 day simple moving average of $224.00. The stock has a market capitalization of $9.56 billion, a price-to-earnings ratio of 27.15 and a beta of 1.18.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its earnings results on Thursday, February 15th. The aerospace company reported $3.16 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.24. Curtiss-Wright had a net margin of 12.46% and a return on equity of 16.61%. The business had revenue of $785.79 million for the quarter, compared to the consensus estimate of $737.09 million. During the same quarter in the prior year, the firm posted $2.92 earnings per share. The business's revenue for the quarter was up 3.7% on a year-over-year basis. As a group, research analysts expect that Curtiss-Wright will post 10.16 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date was Wednesday, March 27th. Curtiss-Wright's dividend payout ratio (DPR) is presently 8.70%.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, CFO K Christopher Farkas sold 925 shares of Curtiss-Wright stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $243.55, for a total transaction of $225,283.75. Following the completion of the sale, the chief financial officer now directly owns 10,052 shares in the company, valued at approximately $2,448,164.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, VP Paul J. Ferdenzi sold 2,500 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $240.00, for a total transaction of $600,000.00. Following the completion of the transaction, the vice president now directly owns 17,383 shares of the company's stock, valued at approximately $4,171,920. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO K Christopher Farkas sold 925 shares of Curtiss-Wright stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $243.55, for a total transaction of $225,283.75. Following the transaction, the chief financial officer now directly owns 10,052 shares of the company's stock, valued at $2,448,164.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,451 shares of company stock worth $3,030,512. Company insiders own 0.55% of the company's stock.

Hedge Funds Weigh In On Curtiss-Wright

Institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its holdings in Curtiss-Wright by 18.8% in the 1st quarter. BlackRock Inc. now owns 4,300,543 shares of the aerospace company's stock worth $645,770,000 after acquiring an additional 680,850 shares in the last quarter. Vanguard Group Inc. increased its holdings in Curtiss-Wright by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 3,638,915 shares of the aerospace company's stock worth $810,714,000 after acquiring an additional 46,954 shares in the last quarter. State Street Corp increased its holdings in Curtiss-Wright by 10.4% in the 1st quarter. State Street Corp now owns 1,500,162 shares of the aerospace company's stock worth $225,531,000 after acquiring an additional 141,697 shares in the last quarter. Invesco Ltd. increased its holdings in Curtiss-Wright by 0.7% in the 3rd quarter. Invesco Ltd. now owns 1,307,585 shares of the aerospace company's stock worth $255,803,000 after acquiring an additional 8,470 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC purchased a new stake in Curtiss-Wright in the 4th quarter worth $212,009,000. 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.