Curtiss-Wright Co. (NYSE:CW) Receives $377.43 Average PT from Analysts

Curtiss-Wright Co. (NYSE:CW) has been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $377.43.

CW has been the topic of a number of recent research reports. Stifel Nicolaus lowered their target price on Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating on the stock in a research note on Monday, April 14th. Citigroup lowered their price objective on Curtiss-Wright from $450.00 to $424.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Finally, Truist Financial lowered their price objective on Curtiss-Wright from $357.00 to $338.00 and set a “hold” rating on the stock in a report on Thursday, April 17th.

Curtiss-Wright Stock Up 0.0 %

NYSE:CW opened at $338.42 on Tuesday. The firm has a market capitalization of $12.74 billion, a price-to-earnings ratio of 32.08, a PEG ratio of 2.48 and a beta of 1.03. Curtiss-Wright has a 1-year low of $250.97 and a 1-year high of $393.40. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. The business’s fifty day moving average price is $318.77 and its 200 day moving average price is $344.92.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 EPS for the quarter, beating analysts’ consensus estimates of $3.12 by $0.15. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. On average, sell-side analysts forecast that Curtiss-Wright will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Thursday, March 27th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend was Thursday, March 27th. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.96%.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 3,131 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total value of $1,018,858.71. Following the completion of the sale, the chief executive officer now owns 42,887 shares in the company, valued at approximately $13,955,858.67. This trade represents a 6.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul J. Ferdenzi sold 658 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $325.68, for a total value of $214,297.44. Following the completion of the sale, the insider now owns 19,239 shares of the company’s stock, valued at $6,265,757.52. This represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,797 shares of company stock valued at $7,436,255 in the last 90 days. 0.55% of the stock is currently owned by insiders.

Institutional Trading of Curtiss-Wright

A number of hedge funds have recently modified their holdings of CW. Atomi Financial Group Inc. bought a new position in shares of Curtiss-Wright during the 4th quarter worth approximately $239,000. Truist Financial Corp lifted its position in shares of Curtiss-Wright by 6.2% during the 4th quarter. Truist Financial Corp now owns 14,230 shares of the aerospace company’s stock worth $5,050,000 after buying an additional 825 shares during the period. Athena Investment Management bought a new position in shares of Curtiss-Wright during the 4th quarter worth approximately $302,000. Daiwa Securities Group Inc. lifted its position in shares of Curtiss-Wright by 1,694.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 11,863 shares of the aerospace company’s stock worth $4,210,000 after buying an additional 11,202 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of Curtiss-Wright by 28.9% during the 4th quarter. JPMorgan Chase & Co. now owns 153,631 shares of the aerospace company’s stock worth $54,519,000 after buying an additional 34,489 shares during the period. Institutional investors own 82.71% of the company’s stock.

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.