Curtiss-Wright (NYSE:CW) Upgraded to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of Curtiss-Wright (NYSE:CW) from a buy rating to a strong-buy rating in a research report sent to investors on Friday morning.

Other equities analysts have also issued research reports about the stock. Robert W. Baird increased their price target on shares of Curtiss-Wright from $246.00 to $300.00 and gave the company an outperform rating in a research report on Monday, April 8th. Truist Financial restated a hold rating and set a $240.00 price target (down previously from $250.00) on shares of Curtiss-Wright in a research report on Monday, March 25th. Finally, Stifel Nicolaus increased their price target on shares of Curtiss-Wright from $255.00 to $272.00 and gave the company a buy rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Curtiss-Wright presently has a consensus rating of Buy and a consensus price target of $260.25.

Curtiss-Wright Stock Performance

NYSE CW opened at $250.24 on Friday. Curtiss-Wright has a 1 year low of $157.72 and a 1 year high of $261.46. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.13 and a quick ratio of 1.50. The firm has a market cap of $9.58 billion, a price-to-earnings ratio of 27.20 and a beta of 1.18. The company has a fifty day moving average price of $244.66 and a 200-day moving average price of $224.57.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Thursday, February 15th. The aerospace company reported $3.16 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.24. The company had revenue of $785.79 million during the quarter, compared to analyst estimates of $737.09 million. Curtiss-Wright had a net margin of 12.46% and a return on equity of 16.61%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.92 earnings per share. As a group, equities research analysts predict that Curtiss-Wright will post 10.16 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.80 dividend on an annualized basis and a yield of 0.32%. Curtiss-Wright’s dividend payout ratio is presently 8.70%.

Insider Transactions at Curtiss-Wright

In other news, CFO K Christopher Farkas sold 2,736 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $240.16, for a total value of $657,077.76. Following the sale, the chief financial officer now directly owns 9,172 shares of the company’s stock, valued at $2,202,747.52. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CFO K Christopher Farkas sold 2,736 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $240.16, for a total value of $657,077.76. Following the sale, the chief financial officer now directly owns 9,172 shares of the company’s stock, valued at $2,202,747.52. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Paul J. Ferdenzi sold 2,500 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $240.00, for a total transaction of $600,000.00. Following the completion of the sale, the vice president now directly owns 17,383 shares in the company, valued at $4,171,920. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,451 shares of company stock valued at $3,030,512. 0.67% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Curtiss-Wright

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Legacy Wealth Asset Management LLC raised its stake in Curtiss-Wright by 6.2% in the first quarter. Legacy Wealth Asset Management LLC now owns 4,827 shares of the aerospace company’s stock valued at $1,235,000 after purchasing an additional 282 shares in the last quarter. First Trust Direct Indexing L.P. bought a new position in Curtiss-Wright during the first quarter valued at approximately $208,000. Norden Group LLC grew its position in Curtiss-Wright by 1,032.2% during the first quarter. Norden Group LLC now owns 22,712 shares of the aerospace company’s stock valued at $5,814,000 after acquiring an additional 20,706 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. bought a new position in Curtiss-Wright during the first quarter valued at approximately $256,000. Finally, State of Michigan Retirement System grew its position in Curtiss-Wright by 2.2% during the first quarter. State of Michigan Retirement System now owns 9,361 shares of the aerospace company’s stock valued at $2,396,000 after acquiring an additional 200 shares during the last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.

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.