Curtiss-Wright Corporation (NYSE:CW) Receives Consensus Rating of “Moderate Buy” from Analysts

Curtiss-Wright Corporation (NYSE:CW – Get Free Report) has been given an average recommendation of “Moderate Buy” by the eight brokerages that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $768.25.

CW has been the topic of several research reports. Guggenheim assumed coverage on shares of Curtiss-Wright in a research report on Monday, September 14th. They issued a “buy” rating and a $786.00 price objective on the stock. Citigroup increased their price objective on Curtiss-Wright from $775.00 to $793.00 and gave the stock a “neutral” rating in a report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft set a $801.00 target price on Curtiss-Wright in a research report on Wednesday, August 12th. Weiss Ratings cut shares of Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 4th. Finally, Piper Sandler started coverage on shares of Curtiss-Wright in a research report on Wednesday, September 2nd. They issued a “neutral” rating and a $665.00 target price for the company.

View Our Latest Research Report on Curtiss-Wright

Curtiss-Wright Price Performance

CW opened at $545.39 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 1.60 and a debt-to-equity ratio of 0.27. Curtiss-Wright has a 12 month low of $521.66 and a 12 month high of $808.16. The company has a fifty day simple moving average of $621.85 and a 200 day simple moving average of $691.73. The stock has a market cap of $20.14 billion, a P/E ratio of 37.54, a P/E/G ratio of 2.46 and a beta of 0.88.

Curtiss-Wright (NYSE:CW – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The aerospace company reported $3.72 EPS for the quarter, topping the consensus estimate of $3.62 by $0.10. Curtiss-Wright had a return on equity of 20.49% and a net margin of 14.81%.The business had revenue of $924.01 million for the quarter, compared to the consensus estimate of $926.17 million. During the same quarter last year, the business posted $3.23 EPS. The firm’s revenue was up 5.4% compared to the same quarter last year. On average, research analysts expect that Curtiss-Wright will post 15.27 EPS for the current year.

Curtiss-Wright Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 25th will be given a dividend of $0.26 per share. This is a boost from Curtiss-Wright’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, September 25th. This represents a $1.04 annualized dividend and a yield of 0.2%. Curtiss-Wright’s payout ratio is presently 7.16%.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, Director Larry D. Wyche sold 100 shares of the company’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $596.74, for a total transaction of $59,674.00. Following the sale, the director directly owned 1,414 shares of the company’s stock, valued at approximately $843,790.36. This represents a 6.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP John C. Watts sold 1,035 shares of the stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $619.46, for a total transaction of $641,141.10. Following the completion of the sale, the executive vice president owned 2,736 shares of the company’s stock, valued at approximately $1,694,842.56. This represents a 27.45% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.51% of the company’s stock.

Hedge Funds Weigh In On Curtiss-Wright

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of Curtiss-Wright in the second quarter valued at approximately $3,448,649,000. Geode Capital Management LLC increased its holdings in shares of Curtiss-Wright by 6.0% during the 4th quarter. Geode Capital Management LLC now owns 841,788 shares of the aerospace company’s stock worth $464,130,000 after acquiring an additional 47,287 shares during the last quarter. Norges Bank acquired a new position in shares of Curtiss-Wright during the 4th quarter worth approximately $290,633,000. Primecap Management Co. CA acquired a new position in shares of Curtiss-Wright in the second quarter valued at $390,106,000. Finally, Franklin Resources Inc. raised its position in shares of Curtiss-Wright by 61.0% in the fourth quarter. Franklin Resources Inc. now owns 490,489 shares of the aerospace company’s stock valued at $270,392,000 after purchasing an additional 185,887 shares during the period. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Company Profile

(Get Free Report)

Curtiss-Wright Corporation is a diversified manufacturer and service provider serving the aerospace, defense, commercial power and industrial markets. The company develops and produces highly engineered components and systems used in applications where reliability, performance and safety are critical.

Its products and services include aircraft and industrial actuation systems, sensors and controls, electronic components, embedded computing systems, data-acquisition equipment, valves, pumps, motors and other flow-control products.

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Analyst Recommendations for Curtiss-Wright (NYSE:CW)

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