Morgan Stanley Boosts Curtiss-Wright (NYSE:CW) Price Target to $284.00

Curtiss-Wright (NYSE:CW) had its price objective raised by Morgan Stanley from $260.00 to $284.00 in a research note published on Friday, Benzinga reports. Morgan Stanley currently has an overweight rating on the aerospace company’s stock.

Other research analysts have also recently issued research reports about the stock. StockNews.com cut shares of Curtiss-Wright from a strong-buy rating to a buy rating in a research note on Saturday, April 27th. Truist Financial lifted their price target on shares of Curtiss-Wright from $240.00 to $252.00 and gave the stock a hold rating in a research note on Friday. Robert W. Baird lifted their price target on shares of Curtiss-Wright from $246.00 to $300.00 and gave the stock an outperform rating in a research note on Monday, April 8th. Finally, Stifel Nicolaus lifted their price target on shares of Curtiss-Wright from $255.00 to $272.00 and gave the stock a buy rating in a research note on Wednesday, April 17th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Buy and a consensus target price of $277.00.

Curtiss-Wright Stock Performance

Shares of CW opened at $268.17 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.02 and a quick ratio of 1.50. Curtiss-Wright has a one year low of $157.72 and a one year high of $269.00. The company has a 50-day simple moving average of $248.98 and a two-hundred day simple moving average of $228.63. The firm has a market capitalization of $10.27 billion, a PE ratio of 27.62 and a beta of 1.18.

Curtiss-Wright (NYSE:CW) last announced its earnings results on Wednesday, May 1st. The aerospace company reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.24. Curtiss-Wright had a net margin of 12.78% and a return on equity of 16.79%. The business had revenue of $713.17 million during the quarter, compared to the consensus estimate of $664.01 million. During the same quarter last year, the firm earned $1.53 earnings per share. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, analysts anticipate that Curtiss-Wright will post 10.27 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date of this dividend was Wednesday, March 27th. Curtiss-Wright’s dividend payout ratio (DPR) is 8.24%.

Insiders Place Their Bets

In other Curtiss-Wright 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 SEC, which can be accessed through the SEC website. In other Curtiss-Wright 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 SEC, which can be accessed through the SEC website. Also, VP Paul J. Ferdenzi sold 2,500 shares of the business’s stock in a transaction on 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 owns 17,383 shares in the company, valued at approximately $4,171,920. The disclosure for this sale can be found here. Insiders have sold a total of 12,451 shares of company stock worth $3,030,512 in the last 90 days. 0.67% of the stock is currently owned by corporate insiders.

Institutional Trading of Curtiss-Wright

Large investors have recently made changes to their positions in the business. Contravisory Investment Management Inc. bought a new position in Curtiss-Wright during the 4th quarter valued at about $25,000. First Horizon Advisors Inc. grew its holdings in Curtiss-Wright by 1,100.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 144 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 132 shares during the last quarter. Montag A & Associates Inc. grew 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 valued at $30,000 after purchasing an additional 61 shares during the last quarter. Creekmur Asset Management LLC bought a new position in Curtiss-Wright during the 4th quarter valued at about $32,000. Finally, Venturi Wealth Management LLC grew its holdings in Curtiss-Wright by 53.6% during the 4th quarter. Venturi Wealth Management LLC now owns 149 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 52 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors.

About Curtiss-Wright

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.