Truist Financial Boosts Curtiss-Wright (NYSE:CW) Price Target to $252.00

Curtiss-Wright (NYSE:CW) had its target price upped by Truist Financial from $240.00 to $252.00 in a research report sent to investors on Friday, Benzinga reports. They currently have a hold rating on the aerospace company’s stock.

Several other equities analysts also recently issued reports on the stock. Stifel Nicolaus boosted their price target on shares of Curtiss-Wright from $255.00 to $272.00 and gave the company a buy rating in a report on Wednesday, April 17th. Robert W. Baird boosted their price target on shares of Curtiss-Wright from $246.00 to $300.00 and gave the company an outperform rating in a report on Monday, April 8th. Finally, StockNews.com downgraded shares of Curtiss-Wright from a strong-buy rating to a buy rating in a report on Saturday, April 27th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Buy and an average target price of $277.00.

Curtiss-Wright Stock Up 2.0 %

CW stock opened at $268.17 on Friday. Curtiss-Wright has a 1-year low of $157.72 and a 1-year high of $269.00. The firm has a market cap of $10.27 billion, a price-to-earnings ratio of 27.62 and a beta of 1.18. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.02 and a quick ratio of 1.50. The firm has a fifty day moving average price of $248.98 and a two-hundred day moving average price of $228.63.

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

Curtiss-Wright Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.30%. The ex-dividend date was Wednesday, March 27th. Curtiss-Wright’s payout ratio is currently 8.24%.

Insider Buying and Selling

In other Curtiss-Wright news, CFO K Christopher Farkas sold 2,736 shares of the company’s stock in a transaction dated 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 directly owns 9,172 shares of the company’s stock, valued at $2,202,747.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO K Christopher Farkas sold 2,736 shares of the stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 9,172 shares of the company’s stock, valued at $2,202,747.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lynn M. Bamford sold 2,620 shares of the stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $243.60, for a total transaction of $638,232.00. Following the completion of the sale, the chief executive officer now directly owns 35,773 shares of the company’s stock, valued at $8,714,302.80. The disclosure for this sale can be found here. Insiders sold 12,451 shares of company stock valued at $3,030,512 over the last 90 days. 0.67% of the stock is currently owned by company insiders.

Institutional Trading of Curtiss-Wright

A number of hedge funds have recently made changes to their positions in the stock. Csenge Advisory Group purchased a new stake in shares of Curtiss-Wright in the first quarter worth approximately $217,000. Rehmann Capital Advisory Group raised its position in Curtiss-Wright by 12.3% during the first quarter. Rehmann Capital Advisory Group now owns 2,008 shares of the aerospace company’s stock valued at $514,000 after acquiring an additional 220 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in Curtiss-Wright during the first quarter valued at approximately $460,000. Whittier Trust Co. of Nevada Inc. raised its position in Curtiss-Wright by 5.3% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 23,010 shares of the aerospace company’s stock valued at $5,889,000 after acquiring an additional 1,163 shares in the last quarter. Finally, Whittier Trust Co. raised its position in Curtiss-Wright by 3.4% during the first quarter. Whittier Trust Co. now owns 53,204 shares of the aerospace company’s stock valued at $13,617,000 after acquiring an additional 1,741 shares in 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.