Curtiss-Wright (NYSE:CW) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Key Points

• Stifel Nicolaus raised its price target for Curtiss-Wright from $450.00 to $457.00, maintaining a "hold" rating, which suggests a potential downside of 4.43% from the current price.
• Other analysts have varying opinions, with Robert W. Baird setting a target of $500.00, while Citigroup increased theirs to $568.00, indicating a generally positive outlook for the stock.
• Curtiss-Wright reported a quarterly earnings beat with $3.23 EPS against an estimate of $3.13, reflecting an 11.7% increase in revenue year-over-year.

Curtiss-Wright (NYSE:CW - Free Report) had its price target increased by Stifel Nicolaus from $450.00 to $457.00 in a research report released on Friday morning,Benzinga reports. The firm currently has a hold rating on the aerospace company's stock.

CW has been the topic of a number of other reports. Morgan Stanley lifted 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 cut their price target 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. Citigroup lifted 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. Wall Street Zen lowered Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, Robert W. Baird lifted their price target on Curtiss-Wright from $432.00 to $500.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Curtiss-Wright has a consensus rating of "Moderate Buy" and a consensus target price of $468.14.

Curtiss-Wright Stock Performance

CW stock traded down $0.76 during trading hours on Friday, hitting $472.68. 473,213 shares of the stock were exchanged, compared to its average volume of 332,515. The company has a current ratio of 1.95, a quick ratio of 1.28 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $17.80 billion, a P/E ratio of 39.89, a P/E/G ratio of 2.97 and a beta of 1.18. The company has a 50-day simple moving average of $478.09 and a two-hundred day simple moving average of $391.01. Curtiss-Wright has a 12 month low of $266.88 and a 12 month high of $517.09.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The aerospace company reported $3.23 EPS for the quarter, topping analysts' consensus estimates of $3.13 by $0.10. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%. The company had revenue of $876.58 million for the quarter, compared to analysts' expectations of $855.10 million. During the same quarter last year, the business earned $2.67 earnings per share. Curtiss-Wright's revenue was up 11.7% on a year-over-year basis. On average, analysts forecast that Curtiss-Wright will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 7th. Investors of record on Monday, June 16th were paid a $0.24 dividend. 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%. The ex-dividend date of this dividend was Monday, June 16th. Curtiss-Wright's payout ratio is presently 8.10%.

Insider Buying and Selling

In other Curtiss-Wright news, VP John C. Watts sold 450 shares of Curtiss-Wright stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $449.36, for a total value of $202,212.00. Following the completion of the sale, the vice president directly owned 4,959 shares in the company, valued at approximately $2,228,376.24. The trade was a 8.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Bruce D. Hoechner sold 1,900 shares of Curtiss-Wright 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 owned 4,523 shares of the company's stock, valued at approximately $2,026,304. The trade was a 29.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.55% of the stock is owned by insiders.

Institutional Investors Weigh In On Curtiss-Wright

Several hedge funds and other institutional investors have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. boosted its position in shares of Curtiss-Wright by 98.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,664 shares of the aerospace company's stock valued at $1,163,000 after buying an additional 1,817 shares during the last quarter. Vontobel Holding Ltd. boosted its position in shares of Curtiss-Wright by 100.4% during the first quarter. Vontobel Holding Ltd. now owns 1,140 shares of the aerospace company's stock valued at $362,000 after buying an additional 571 shares during the last quarter. Sowell Financial Services LLC purchased a new position in shares of Curtiss-Wright during the first quarter valued at approximately $240,000. Janney Montgomery Scott LLC boosted its position in shares of Curtiss-Wright by 37.7% during the first quarter. Janney Montgomery Scott LLC now owns 3,652 shares of the aerospace company's stock valued at $1,159,000 after buying an additional 999 shares during the last quarter. Finally, Mission Wealth Management LP purchased a new position in shares of Curtiss-Wright during the first quarter valued at approximately $206,000. Institutional investors own 82.71% of the company's stock.

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.