Stifel Nicolaus Boosts Curtiss-Wright (NYSE:CW) Price Target to $272.00

Curtiss-Wright (NYSE:CW) had its price target boosted by Stifel Nicolaus from $255.00 to $272.00 in a report issued on Wednesday morning, Benzinga reports. Stifel Nicolaus currently has a buy rating on the aerospace company’s stock.

A number of other equities analysts have also issued reports on CW. Truist Financial reaffirmed a hold rating and set a $240.00 target price (down previously from $250.00) on shares of Curtiss-Wright in a research report on Monday, March 25th. StockNews.com lowered shares of Curtiss-Wright from a strong-buy rating to a buy rating in a research report on Tuesday, March 26th. Finally, Robert W. Baird boosted their target price on shares of Curtiss-Wright from $246.00 to $300.00 and gave the stock an outperform rating in a research report on Monday, April 8th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Curtiss-Wright presently has an average rating of Buy and a consensus target price of $260.25.

Curtiss-Wright Trading Up 0.7 %

NYSE:CW opened at $250.24 on Wednesday. Curtiss-Wright has a 12 month low of $157.72 and a 12 month high of $261.46. 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 quick ratio of 1.50, a current ratio of 2.13 and a debt-to-equity ratio of 0.45. The company’s 50 day moving average is $244.66 and its 200-day moving average is $224.57.

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

Curtiss-Wright Dividend Announcement

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

Insider Buying and Selling at Curtiss-Wright

In other news, CFO K Christopher Farkas sold 2,736 shares of the business’s stock in a transaction on 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 owns 9,172 shares in the company, valued at approximately $2,202,747.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Paul J. Ferdenzi sold 2,500 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $240.00, for a total value of $600,000.00. Following the sale, the vice president now owns 17,383 shares in the company, valued at approximately $4,171,920. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO K Christopher Farkas sold 2,736 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $240.16, for a total transaction of $657,077.76. Following the completion of the sale, the chief financial officer now owns 9,172 shares in the company, valued at approximately $2,202,747.52. The disclosure for this sale can be found here. Insiders have sold 12,451 shares of company stock valued at $3,030,512 in the last 90 days. 0.67% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC lifted its position in Curtiss-Wright by 53.6% during the 4th quarter. Venturi Wealth Management LLC now owns 149 shares of the aerospace company’s stock worth $33,000 after buying an additional 52 shares in the last quarter. Signaturefd LLC lifted its position in Curtiss-Wright by 18.4% during the 3rd quarter. Signaturefd LLC now owns 366 shares of the aerospace company’s stock worth $72,000 after buying an additional 57 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Curtiss-Wright by 0.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,411 shares of the aerospace company’s stock worth $1,450,000 after purchasing an additional 59 shares during the last quarter. Montag A & Associates Inc. raised its holdings in Curtiss-Wright by 67.0% during the 3rd quarter. Montag A & Associates Inc. now owns 152 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 61 shares during the last quarter. Finally, Alliance Wealth Advisors LLC UT raised its holdings in Curtiss-Wright by 2.5% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 2,495 shares of the aerospace company’s stock worth $556,000 after purchasing an additional 61 shares during the last quarter. Institutional investors and hedge funds 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.