Analysts Set Curtiss-Wright Corporation (NYSE:CW) Price Target at $746.67

Shares of Curtiss-Wright Corporation (NYSE:CWGet Free Report) have received a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $746.6667.

Several research firms have recently weighed in on CW. Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a research note on Wednesday, May 13th. Citigroup raised their price target on shares of Curtiss-Wright from $728.00 to $775.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. Stifel Nicolaus set a $724.00 price target on shares of Curtiss-Wright in a research note on Friday, May 8th. Finally, Robert W. Baird set a $870.00 price target on shares of Curtiss-Wright in a research note on Friday, May 8th.

Check Out Our Latest Research Report on CW

Insider Transactions at Curtiss-Wright

In related news, EVP John C. Watts sold 220 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $752.91, for a total transaction of $165,640.20. Following the completion of the sale, the executive vice president directly owned 3,962 shares in the company, valued at approximately $2,983,029.42. This trade represents a 5.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Gary A. Ogilby sold 399 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $721.95, for a total transaction of $288,058.05. Following the sale, the vice president owned 2,172 shares of the company’s stock, valued at approximately $1,568,075.40. The trade was a 15.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 3,119 shares of company stock valued at $2,257,998. Corporate insiders own 0.51% of the company’s stock.

Institutional Investors Weigh In On Curtiss-Wright

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Transamerica Financial Advisors LLC increased its position in Curtiss-Wright by 25.9% during the fourth quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock worth $40,000 after purchasing an additional 15 shares during the last quarter. IFP Advisors Inc increased its position in Curtiss-Wright by 2.3% during the fourth quarter. IFP Advisors Inc now owns 698 shares of the aerospace company’s stock worth $385,000 after purchasing an additional 16 shares during the last quarter. Summit Financial LLC increased its position in Curtiss-Wright by 2.3% during the fourth quarter. Summit Financial LLC now owns 697 shares of the aerospace company’s stock worth $384,000 after purchasing an additional 16 shares during the last quarter. Clearstead Advisors LLC increased its position in Curtiss-Wright by 1.6% during the third quarter. Clearstead Advisors LLC now owns 1,067 shares of the aerospace company’s stock worth $579,000 after purchasing an additional 17 shares during the last quarter. Finally, Mayflower Financial Advisors LLC increased its position in Curtiss-Wright by 2.9% during the fourth quarter. Mayflower Financial Advisors LLC now owns 611 shares of the aerospace company’s stock worth $337,000 after purchasing an additional 17 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Curtiss-Wright Stock Performance

CW opened at $766.61 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.52 and a debt-to-equity ratio of 0.29. The company has a market cap of $28.32 billion, a price-to-earnings ratio of 56.16, a PEG ratio of 3.54 and a beta of 0.85. Curtiss-Wright has a 52-week low of $463.00 and a 52-week high of $800.00. The firm’s fifty day simple moving average is $736.92 and its two-hundred day simple moving average is $679.17.

Curtiss-Wright (NYSE:CWGet Free Report) last posted its quarterly earnings results on Thursday, May 7th. The aerospace company reported $3.48 earnings per share for the quarter, topping the consensus estimate of $3.32 by $0.16. The firm had revenue of $913.69 million for the quarter, compared to the consensus estimate of $863.83 million. Curtiss-Wright had a net margin of 14.17% and a return on equity of 20.00%. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period last year, the firm posted $2.82 earnings per share. Equities analysts anticipate that Curtiss-Wright will post 15.15 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 15th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Monday, June 15th. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.62%.

About Curtiss-Wright

(Get Free Report)

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.

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Analyst Recommendations for Curtiss-Wright (NYSE:CW)

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