Curtiss-Wright Co. (NYSE:CW) Given Average Rating of “Moderate Buy” by Analysts

Curtiss-Wright Co. (NYSE:CW) has earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have assigned 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 $379.00.

A number of equities analysts have issued reports on CW shares. Deutsche Bank Aktiengesellschaft initiated coverage on Curtiss-Wright in a report on Thursday, December 5th. They issued a “buy” rating and a $452.00 target price for the company. Morgan Stanley lifted their target price on shares of Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Stifel Nicolaus cut shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target for the company. in a research report on Monday, November 18th. StockNews.com lowered shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. Finally, Alembic Global Advisors started coverage on Curtiss-Wright in a report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price objective for the company.

Insider Buying and Selling at Curtiss-Wright

In other news, CEO Lynn M. Bamford sold 7,129 shares of Curtiss-Wright stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $368.80, for a total value of $2,629,175.20. Following the completion of the sale, the chief executive officer now owns 28,688 shares in the company, valued at $10,580,134.40. The trade was a 19.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP John C. Watts sold 412 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total transaction of $148,134.60. Following the transaction, the vice president now directly 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 disclosure for this sale can be found here. Insiders own 0.55% of the company’s stock.

Hedge Funds Weigh In On Curtiss-Wright

Several institutional investors have recently made changes to their positions in CW. Geode Capital Management LLC raised its position in shares of Curtiss-Wright by 3.9% during the third quarter. Geode Capital Management LLC now owns 731,848 shares of the aerospace company’s stock worth $240,606,000 after purchasing an additional 27,607 shares during the period. Congress Asset Management Co. lifted its stake in shares of Curtiss-Wright by 136.8% in the third quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company’s stock valued at $150,893,000 after buying an additional 265,205 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Curtiss-Wright by 32,425.8% during the third quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company’s stock valued at $133,102,000 after buying an additional 403,701 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Curtiss-Wright by 7.3% during the third quarter. Franklin Resources Inc. now owns 332,047 shares of the aerospace company’s stock worth $115,469,000 after acquiring an additional 22,543 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in shares of Curtiss-Wright by 29.0% in the 3rd quarter. Van ECK Associates Corp now owns 253,726 shares of the aerospace company’s stock worth $88,847,000 after acquiring an additional 56,966 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Stock Performance

NYSE CW opened at $361.27 on Wednesday. Curtiss-Wright has a fifty-two week low of $212.05 and a fifty-two week high of $393.40. The stock has a market cap of $13.71 billion, a PE ratio of 34.18, a PEG ratio of 2.96 and a beta of 1.18. 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 firm’s fifty day moving average price is $364.66 and its two-hundred day moving average price is $321.16.

Curtiss-Wright Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 22nd were 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 was Friday, November 22nd. Curtiss-Wright’s dividend payout ratio is presently 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.