Curtiss-Wright (NYSE:CW) Given New $537.00 Price Target at Truist Financial

Curtiss-Wright (NYSE:CW) had its target price hoisted by Truist Financial from $525.00 to $537.00 in a research note 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 several other research reports. Wall Street Zen cut shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a report on Wednesday, October 8th. Stifel Nicolaus increased their price objective on shares of Curtiss-Wright from $457.00 to $502.00 and gave the company a “hold” rating in a research report on Monday, October 20th. Morgan Stanley lifted their target price on shares of Curtiss-Wright from $405.00 to $550.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $625.00 price target on shares of Curtiss-Wright in a report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $547.00.

Curtiss-Wright Stock Up 0.7%

CW stock traded up $3.82 during midday trading on Friday, hitting $579.77. The company’s stock had a trading volume of 253,487 shares, compared to its average volume of 301,438. The company has a market cap of $21.84 billion, a PE ratio of 48.93, a P/E/G ratio of 3.41 and a beta of 1.12. Curtiss-Wright has a 12 month low of $266.88 and a 12 month high of $612.28. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.35. The firm’s 50-day moving average is $538.01 and its 200-day moving average is $481.40.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Wednesday, November 5th. The aerospace company reported $3.40 EPS for the quarter, topping analysts’ consensus estimates of $3.28 by $0.12. The business had revenue of $869.00 million during the quarter, compared to analyst estimates of $869.03 million. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%.The company’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.89 EPS. Curtiss-Wright has set its FY 2025 guidance at 12.950-13.200 EPS. On average, equities research analysts forecast that Curtiss-Wright will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, September 26th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.2%. Curtiss-Wright’s payout ratio is presently 8.10%.

Insider Activity at Curtiss-Wright

In related news, VP John C. Watts sold 1,110 shares of the firm’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $480.50, for a total value of $533,355.00. Following the transaction, the vice president directly owned 3,863 shares of the company’s stock, valued at approximately $1,856,171.50. This trade represents a 22.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.55% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CW. Atlantic Union Bankshares Corp purchased a new stake in Curtiss-Wright during the third quarter valued at $26,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Curtiss-Wright in the 2nd quarter valued at about $27,000. Penserra Capital Management LLC purchased a new position in Curtiss-Wright in the second quarter worth about $29,000. 1 North Wealth Services LLC bought a new stake in shares of Curtiss-Wright in the 1st quarter valued at approximately $32,000. Finally, First Horizon Corp purchased a new position in shares of Curtiss-Wright in the 3rd quarter worth approximately $34,000. 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.