Curtiss-Wright Co. (NYSE:CW) Given Average Rating of “Moderate Buy” by Brokerages

Curtiss-Wright Co. (NYSE:CW) has received an average rating of “Moderate Buy” from the five analysts that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $277.00.

A number of research analysts have commented on CW shares. Robert W. Baird boosted their target price on Curtiss-Wright from $246.00 to $300.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Truist Financial lifted their target price on shares of Curtiss-Wright from $240.00 to $252.00 and gave the company a “hold” rating in a research note on Friday, May 3rd. Stifel Nicolaus raised 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. Morgan Stanley lifted their price objective on shares of Curtiss-Wright from $260.00 to $284.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. Finally, StockNews.com raised shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research report on Sunday.

Curtiss-Wright Trading Up 1.1 %

NYSE:CW opened at $276.59 on Friday. The stock has a market cap of $10.59 billion, a PE ratio of 28.49 and a beta of 1.18. Curtiss-Wright has a fifty-two week low of $157.85 and a fifty-two week high of $279.79. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.02 and a quick ratio of 1.38. The stock’s 50-day moving average is $250.50 and its two-hundred day moving average is $229.82.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Wednesday, May 1st. The aerospace company reported $1.99 EPS 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 firm had revenue of $713.17 million for the quarter, compared to the consensus estimate of $664.01 million. During the same period in the previous year, the firm posted $1.53 earnings per share. The firm’s revenue was up 13.0% on a year-over-year basis. As a group, equities research analysts forecast that Curtiss-Wright will post 10.27 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date was Wednesday, March 27th. Curtiss-Wright’s dividend payout ratio (DPR) is presently 8.24%.

Insiders Place Their Bets

In related news, CFO K Christopher Farkas sold 925 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $243.55, for a total transaction of $225,283.75. Following the transaction, the chief financial officer now directly owns 10,052 shares of the company’s stock, valued at $2,448,164.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Curtiss-Wright news, 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 value of $600,000.00. Following the completion of the transaction, the vice president now directly owns 17,383 shares in the company, valued at $4,171,920. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO K Christopher Farkas sold 925 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $243.55, for a total transaction of $225,283.75. Following the completion of the transaction, the chief financial officer now owns 10,052 shares of the company’s stock, valued at $2,448,164.60. The disclosure for this sale can be found here. Insiders sold 12,451 shares of company stock worth $3,030,512 over the last three months. Insiders own 0.55% of the company’s stock.

Institutional Trading of Curtiss-Wright

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Curtiss-Wright by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 3,638,915 shares of the aerospace company’s stock valued at $810,714,000 after acquiring an additional 46,954 shares in the last quarter. Invesco Ltd. grew its stake in Curtiss-Wright by 0.7% in the 3rd quarter. Invesco Ltd. now owns 1,307,585 shares of the aerospace company’s stock valued at $255,803,000 after purchasing an additional 8,470 shares during the period. Ameriprise Financial Inc. increased its position in shares of Curtiss-Wright by 0.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 712,704 shares of the aerospace company’s stock valued at $139,427,000 after purchasing an additional 2,784 shares during the last quarter. Norges Bank bought a new stake in shares of Curtiss-Wright during the 4th quarter worth $113,885,000. Finally, Global Alpha Capital Management Ltd. boosted its holdings in shares of Curtiss-Wright by 27.0% in the 4th quarter. Global Alpha Capital Management Ltd. now owns 249,033 shares of the aerospace company’s stock worth $55,482,000 after buying an additional 52,880 shares during the last quarter. Institutional investors own 82.71% of the company’s stock.

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.