Curtiss-Wright Corporation (NYSE:CW) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Curtiss-Wright Corporation (NYSE:CW) have been assigned an average rating of “Moderate Buy” from the seven analysts that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $663.1667.

A number of equities analysts have recently commented on CW shares. Citigroup raised their price objective on shares of Curtiss-Wright from $661.00 to $718.00 and gave the stock a “neutral” rating in a report on Friday, February 13th. Truist Financial set a $603.00 target price on shares of Curtiss-Wright in a research note on Friday, January 9th. Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a research report on Monday, December 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $748.00 price target on shares of Curtiss-Wright in a research note on Tuesday, February 17th. Finally, Stifel Nicolaus lifted their price objective on Curtiss-Wright from $625.00 to $650.00 and gave the company a “hold” rating in a report on Friday, February 13th.

Curtiss-Wright Stock Performance

CW opened at $678.85 on Friday. The stock’s 50 day simple moving average is $667.50 and its 200-day simple moving average is $588.88. The company has a current ratio of 1.44, a quick ratio of 1.00 and a debt-to-equity ratio of 0.30. The stock has a market cap of $25.03 billion, a PE ratio of 52.75, a P/E/G ratio of 3.33 and a beta of 0.91. Curtiss-Wright has a 1 year low of $266.88 and a 1 year high of $730.12.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Wednesday, February 11th. The aerospace company reported $3.79 EPS for the quarter, topping the consensus estimate of $3.66 by $0.13. Curtiss-Wright had a return on equity of 19.28% and a net margin of 13.84%.The firm had revenue of $946.98 million during the quarter, compared to analysts’ expectations of $890.14 million. During the same period last year, the business earned $3.27 earnings per share. Curtiss-Wright’s quarterly revenue was up 14.9% compared to the same quarter last year. Sell-side analysts forecast that Curtiss-Wright will post 12.32 EPS for the current year.

Curtiss-Wright Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Thursday, March 26th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Thursday, March 26th. Curtiss-Wright’s dividend payout ratio (DPR) is 7.46%.

Insiders Place Their Bets

In other Curtiss-Wright news, VP Robert F. Freda sold 418 shares of Curtiss-Wright stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $626.95, for a total transaction of $262,065.10. Following the completion of the transaction, the vice president directly owned 5,187 shares of the company’s stock, valued at approximately $3,251,989.65. This trade represents a 7.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO K Christopher Farkas sold 2,665 shares of the business’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $626.33, for a total transaction of $1,669,169.45. Following the completion of the sale, the chief financial officer owned 7,358 shares in the company, valued at $4,608,536.14. This represents a 26.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 17,269 shares of company stock worth $10,797,098 over the last quarter. Corporate insiders own 0.55% of the company’s stock.

Institutional Investors Weigh In On Curtiss-Wright

A number of hedge funds have recently made changes to their positions in the company. Massachusetts Financial Services Co. MA acquired a new position in Curtiss-Wright in the second quarter valued at about $270,731,000. Norges Bank acquired a new stake in shares of Curtiss-Wright during the fourth quarter worth approximately $290,633,000. Corient Private Wealth LLC increased its holdings in shares of Curtiss-Wright by 6,169.8% during the fourth quarter. Corient Private Wealth LLC now owns 406,531 shares of the aerospace company’s stock worth $224,108,000 after buying an additional 400,047 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Curtiss-Wright by 61.0% in the fourth quarter. Franklin Resources Inc. now owns 490,489 shares of the aerospace company’s stock valued at $270,392,000 after acquiring an additional 185,887 shares during the last quarter. Finally, Munro Partners bought a new position in shares of Curtiss-Wright in the second quarter valued at approximately $78,000,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.