Curtiss-Wright (NYSE:CW) Price Target Raised to $395.00

Curtiss-Wright (NYSE:CW) had its price objective hoisted by Morgan Stanley from $334.00 to $395.00 in a report published on Tuesday morning,Benzinga reports. The firm currently has an overweight rating on the aerospace company’s stock.

A number of other analysts have also recently commented on the company. Stifel Nicolaus boosted their target price on shares of Curtiss-Wright from $318.00 to $361.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Truist Financial lifted their target price on shares of Curtiss-Wright from $304.00 to $333.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. StockNews.com lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd. Alembic Global Advisors assumed coverage on Curtiss-Wright in a report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price target for the company. Finally, Robert W. Baird boosted their target price on shares of Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Curtiss-Wright presently has an average rating of “Moderate Buy” and a consensus price target of $362.60.

Curtiss-Wright Price Performance

NYSE CW traded up $4.99 during trading hours on Tuesday, reaching $382.26. The company’s stock had a trading volume of 5,797 shares, compared to its average volume of 221,681. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 1.98. The company’s 50-day moving average is $334.10 and its two-hundred day moving average is $298.20. Curtiss-Wright has a fifty-two week low of $204.49 and a fifty-two week high of $383.25. The stock has a market cap of $14.51 billion, a PE ratio of 35.70 and a beta of 1.17.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.43. Curtiss-Wright had a return on equity of 17.21% and a net margin of 13.20%. The firm had revenue of $785.00 million for the quarter, compared to analyst estimates of $735.82 million. During the same quarter in the prior year, the company earned $2.15 EPS. Curtiss-Wright’s revenue was up 11.4% on a year-over-year basis. Analysts forecast that Curtiss-Wright will post 10.66 EPS for the current year.

Curtiss-Wright Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date was Friday, September 27th. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.95%.

Insider Buying and Selling at Curtiss-Wright

In other news, Director Glenda J. Minor sold 500 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $302.80, for a total value of $151,400.00. Following the completion of the sale, the director now owns 1,382 shares of the company’s stock, valued at $418,469.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, VP John C. Watts sold 412 shares of Curtiss-Wright stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total transaction of $148,134.60. Following the sale, the vice president now owns 4,183 shares in the company, valued at $1,503,997.65. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Glenda J. Minor sold 500 shares of Curtiss-Wright stock in a transaction on Friday, August 16th. The stock was sold at an average price of $302.80, for a total transaction of $151,400.00. Following the sale, the director now directly owns 1,382 shares in the company, valued at $418,469.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by corporate insiders.

Institutional Trading of Curtiss-Wright

A number of hedge funds and other institutional investors have recently modified their holdings of CW. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of Curtiss-Wright in the 1st quarter valued at approximately $256,000. First Trust Direct Indexing L.P. acquired a new stake in Curtiss-Wright in the first quarter valued at $208,000. Norden Group LLC boosted its stake in Curtiss-Wright by 41.0% during the 1st quarter. Norden Group LLC now owns 2,829 shares of the aerospace company’s stock valued at $724,000 after acquiring an additional 823 shares during the last quarter. Private Advisor Group LLC grew its holdings in Curtiss-Wright by 96.6% during the 1st quarter. Private Advisor Group LLC now owns 2,112 shares of the aerospace company’s stock worth $541,000 after acquiring an additional 1,038 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of Curtiss-Wright by 8.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 2,491 shares of the aerospace company’s stock valued at $638,000 after purchasing an additional 194 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.