Curtiss-Wright (NYSE:CW) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Curtiss-Wright (NYSE:CW) from a strong-buy rating to a buy rating in a research report sent to investors on Wednesday morning.

A number of other brokerages have also recently commented on CW. Truist Financial increased their price target on Curtiss-Wright from $252.00 to $270.00 and gave the company a hold rating in a research note on Wednesday, May 22nd. Stifel Nicolaus increased their price target on Curtiss-Wright from $310.00 to $318.00 and gave the company a buy rating in a research note on Thursday, July 18th. Morgan Stanley increased their price target on Curtiss-Wright from $284.00 to $330.00 and gave the company an overweight rating in a research note on Thursday, May 23rd. Finally, Robert W. Baird increased their price target on Curtiss-Wright from $246.00 to $300.00 and gave the company an outperform rating in a research note on Monday, April 8th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $304.50.

Curtiss-Wright Stock Down 5.1 %

NYSE CW opened at $275.98 on Wednesday. The business has a fifty day moving average price of $277.10 and a two-hundred day moving average price of $257.82. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.02 and a quick ratio of 1.38. Curtiss-Wright has a fifty-two week low of $190.64 and a fifty-two week high of $297.53. The stock has a market capitalization of $10.57 billion, a PE ratio of 28.42 and a beta of 1.18.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Wednesday, May 1st. The aerospace company reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.24. Curtiss-Wright had a return on equity of 16.79% and a net margin of 12.78%. The company had revenue of $713.17 million during the quarter, compared to analysts’ expectations of $664.01 million. During the same period in the prior year, the company earned $1.53 EPS. Curtiss-Wright’s revenue was up 13.0% compared to the same quarter last year. Equities analysts expect that Curtiss-Wright will post 10.25 earnings per share for the current fiscal year.

Curtiss-Wright Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Monday, June 17th were given a dividend of $0.21 per share. This is a positive change from Curtiss-Wright’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 0.30%. The ex-dividend date of this dividend was Monday, June 17th. Curtiss-Wright’s dividend payout ratio (DPR) is currently 8.65%.

Insider Buying and Selling

In other Curtiss-Wright news, Director S Marce Fuller sold 5,300 shares of the stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $281.04, for a total transaction of $1,489,512.00. Following the completion of the sale, the director now directly owns 25,770 shares in the company, valued at approximately $7,242,400.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Curtiss-Wright news, COO Kevin Rayment sold 8,415 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $281.67, for a total transaction of $2,370,253.05. Following the completion of the sale, the chief operating officer now directly owns 19,914 shares in the company, valued at approximately $5,609,176.38. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director S Marce Fuller sold 5,300 shares of the stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $281.04, for a total value of $1,489,512.00. Following the sale, the director now owns 25,770 shares of the company’s stock, valued at $7,242,400.80. The disclosure for this sale can be found here. Insiders purchased a total of 120 shares of company stock valued at $27,914 in the last three months. Insiders own 0.67% of the company’s stock.

Institutional Trading of Curtiss-Wright

Several large investors have recently made changes to their positions in the company. Sequoia Financial Advisors LLC grew its stake in shares of Curtiss-Wright by 1.7% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,685 shares of the aerospace company’s stock valued at $687,000 after buying an additional 45 shares during the period. CIBC Asset Management Inc grew its stake in shares of Curtiss-Wright by 4.5% in the 2nd quarter. CIBC Asset Management Inc now owns 1,066 shares of the aerospace company’s stock valued at $289,000 after buying an additional 46 shares during the period. Venturi Wealth Management LLC grew its stake in shares of Curtiss-Wright by 53.6% in the 4th quarter. Venturi Wealth Management LLC now owns 149 shares of the aerospace company’s stock valued at $33,000 after buying an additional 52 shares during the period. Envestnet Portfolio Solutions Inc. grew its stake in shares of Curtiss-Wright by 2.5% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,176 shares of the aerospace company’s stock valued at $557,000 after buying an additional 53 shares during the period. Finally, Alliance Wealth Advisors LLC UT boosted its stake in Curtiss-Wright by 2.5% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 2,495 shares of the aerospace company’s stock valued at $556,000 after purchasing an additional 61 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.

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.