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

Shares of Curtiss-Wright Co. (NYSE:CW) have received an average rating of “Moderate Buy” from the five research firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $364.40.

CW has been the topic of several recent analyst reports. Truist Financial boosted their target price on shares of Curtiss-Wright from $304.00 to $333.00 and gave the company a “hold” rating in a report on Friday, November 1st. Stifel Nicolaus downgraded Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective on the stock. in a research note on Monday, November 18th. StockNews.com cut Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd. Robert W. Baird boosted their price target on Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Finally, Alembic Global Advisors began coverage on Curtiss-Wright in a report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price target on the stock.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, VP John C. Watts sold 412 shares of the company’s stock in a transaction 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 transaction, the vice president now owns 4,183 shares in the company, valued at approximately $1,503,997.65. This represents a 8.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On Curtiss-Wright

A number of institutional investors and hedge funds have recently made changes to their positions in the business. CANADA LIFE ASSURANCE Co boosted its stake in Curtiss-Wright by 1.3% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 23,598 shares of the aerospace company’s stock valued at $6,047,000 after purchasing an additional 311 shares during the last quarter. 1832 Asset Management L.P. lifted its holdings in shares of Curtiss-Wright by 4,028.8% in the first quarter. 1832 Asset Management L.P. now owns 7,019 shares of the aerospace company’s stock valued at $1,796,000 after purchasing an additional 6,849 shares in the last quarter. Epoch Investment Partners Inc. boosted its position in shares of Curtiss-Wright by 70.9% during the first quarter. Epoch Investment Partners Inc. now owns 202,261 shares of the aerospace company’s stock valued at $51,767,000 after buying an additional 83,882 shares during the last quarter. Kingdon Capital Management L.L.C. grew its holdings in Curtiss-Wright by 16.1% during the first quarter. Kingdon Capital Management L.L.C. now owns 33,978 shares of the aerospace company’s stock worth $8,696,000 after buying an additional 4,700 shares in the last quarter. Finally, Tidal Investments LLC purchased a new stake in Curtiss-Wright in the 1st quarter valued at $329,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Stock Up 0.9 %

Shares of NYSE CW opened at $370.76 on Friday. Curtiss-Wright has a 52-week low of $209.01 and a 52-week high of $393.40. 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 price is $348.89 and its 200-day moving average price is $306.83. The company has a market capitalization of $14.07 billion, a P/E ratio of 35.08 and a beta of 1.17.

Curtiss-Wright Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Friday, November 22nd will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend is Friday, November 22nd. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.95%.

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.