Stifel Nicolaus Issues Positive Forecast for Curtiss-Wright (NYSE:CW) Stock Price

Curtiss-Wright (NYSE:CW - Free Report) had its price target raised by Stifel Nicolaus from $365.00 to $450.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a hold rating on the aerospace company's stock.

Other equities analysts also recently issued research reports about the stock. Morgan Stanley raised their price target on shares of 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 decreased their price objective on shares of Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating for the company in a research report on Friday, July 11th. Wall Street Zen upgraded shares of Curtiss-Wright from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 12th. Citigroup increased their price objective on shares of Curtiss-Wright from $525.00 to $568.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Finally, Robert W. Baird increased their price objective on shares of Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $467.14.

Curtiss-Wright Stock Performance

CW traded down $5.15 on Monday, reaching $474.91. The company had a trading volume of 250,122 shares, compared to its average volume of 289,162. Curtiss-Wright has a fifty-two week low of $258.85 and a fifty-two week high of $493.95. The stock has a market cap of $17.89 billion, a P/E ratio of 42.25, a P/E/G ratio of 3.08 and a beta of 1.15. The company's fifty day moving average is $457.66 and its 200 day moving average is $377.75. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.28 and a current ratio of 1.89.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its earnings results on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.39 by $0.43. Curtiss-Wright had a net margin of 13.38% and a return on equity of 18.02%. The firm had revenue of $805.65 million for the quarter, compared to analyst estimates of $767.32 million. During the same quarter in the prior year, the business posted $1.99 EPS. The business's revenue was up 13.0% compared to the same quarter last year. As a group, analysts predict that Curtiss-Wright will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 7th. Stockholders of record on Monday, June 16th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.20%. This is a positive change from Curtiss-Wright's previous quarterly dividend of $0.21. The ex-dividend date was Monday, June 16th. Curtiss-Wright's payout ratio is presently 8.54%.

Insider Transactions at Curtiss-Wright

In related news, VP John C. Watts sold 450 shares of the company's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $449.36, for a total transaction of $202,212.00. Following the completion of the sale, the vice president directly owned 4,959 shares in the company, valued at $2,228,376.24. This represents a 8.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Bruce D. Hoechner sold 1,900 shares of the company's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $448.00, for a total transaction of $851,200.00. Following the sale, the director owned 4,523 shares of the company's stock, valued at $2,026,304. This represents a 29.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,130 shares of company stock worth $2,726,412. 0.55% of the stock is currently owned by insiders.

Institutional Trading of Curtiss-Wright

A number of hedge funds and other institutional investors have recently modified their holdings of CW. Harbour Investments Inc. boosted its holdings in Curtiss-Wright by 10.6% in the fourth quarter. Harbour Investments Inc. now owns 312 shares of the aerospace company's stock worth $111,000 after purchasing an additional 30 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Curtiss-Wright by 41.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 22,086 shares of the aerospace company's stock valued at $7,837,000 after purchasing an additional 6,477 shares in the last quarter. Virtu Financial LLC purchased a new position in Curtiss-Wright during the fourth quarter worth $229,000. KLP Kapitalforvaltning AS purchased a new position in Curtiss-Wright during the fourth quarter worth $3,513,000. Finally, Fox Run Management L.L.C. purchased a new position in Curtiss-Wright during the fourth quarter worth $401,000. 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.