Curtiss-Wright (NYSE:CW) Downgraded by Wall Street Zen to Buy

Wall Street Zen lowered shares of Curtiss-Wright (NYSE:CW - Free Report) from a strong-buy rating to a buy rating in a report released on Saturday.

CW has been the subject of a number of other reports. Truist Financial lowered their price objective on shares of Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating for the company in a report on Thursday, April 17th. Citigroup lowered their price objective on shares of Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Robert W. Baird boosted their price objective on shares of Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Finally, Stifel Nicolaus lowered their price objective on shares of Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating for the company in a report on Monday, April 14th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Curtiss-Wright currently has a consensus rating of "Moderate Buy" and an average target price of $404.29.

Curtiss-Wright Price Performance

NYSE:CW traded up $18.84 during mid-day trading on Friday, hitting $447.29. 391,480 shares of the stock traded hands, compared to its average volume of 273,333. The business's 50-day moving average price is $346.97 and its 200 day moving average price is $349.30. The company has a market cap of $16.84 billion, a PE ratio of 42.40, a price-to-earnings-growth ratio of 2.48 and a beta of 1.04. Curtiss-Wright has a 12-month low of $258.85 and a 12-month high of $456.58. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39.

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, beating the consensus estimate of $2.39 by $0.43. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. The business had revenue of $805.65 million during the quarter, compared to analyst estimates of $767.32 million. During the same period in the previous year, the business posted $1.99 earnings per share. Curtiss-Wright's revenue for the quarter was up 13.0% on a year-over-year basis. On average, analysts expect that Curtiss-Wright will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Monday, June 16th will be given a dividend of $0.24 per share. 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 yield of 0.21%. The ex-dividend date of this dividend is Monday, June 16th. Curtiss-Wright's payout ratio is presently 8.54%.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, CFO K Christopher Farkas sold 4,780 shares of the business's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $350.00, for a total transaction of $1,673,000.00. Following the transaction, the chief financial officer now directly owns 9,253 shares of the company's stock, valued at approximately $3,238,550. The trade was a 34.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lynn M. Bamford sold 3,131 shares of the business's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total transaction of $1,018,858.71. Following the transaction, the chief executive officer now directly owns 42,887 shares in the company, valued at approximately $13,955,858.67. The trade was a 6.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,642 shares of company stock valued at $3,581,107. 0.55% of the stock is currently owned by company insiders.

Institutional Trading of Curtiss-Wright

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Envestnet Portfolio Solutions Inc. grew its position in shares of Curtiss-Wright by 0.9% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,319 shares of the aerospace company's stock worth $1,178,000 after buying an additional 29 shares during the period. Harbour Investments Inc. grew its position in shares of Curtiss-Wright by 10.6% in the 4th quarter. Harbour Investments Inc. now owns 312 shares of the aerospace company's stock worth $111,000 after buying an additional 30 shares during the period. Cornerstone Investment Partners LLC grew its position in shares of Curtiss-Wright by 3.6% in the 4th quarter. Cornerstone Investment Partners LLC now owns 918 shares of the aerospace company's stock worth $326,000 after buying an additional 32 shares during the period. Ascent Group LLC grew its position in shares of Curtiss-Wright by 4.9% in the 4th quarter. Ascent Group LLC now owns 713 shares of the aerospace company's stock worth $253,000 after buying an additional 33 shares during the period. Finally, Baird Financial Group Inc. boosted its stake in Curtiss-Wright by 1.6% in the 4th quarter. Baird Financial Group Inc. now owns 2,122 shares of the aerospace company's stock worth $753,000 after purchasing an additional 34 shares in the last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.

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.