Curtiss-Wright (NYSE:CW) Upgraded at StockNews.com

StockNews.com upgraded shares of Curtiss-Wright (NYSE:CW) from a buy rating to a strong-buy rating in a research note released on Sunday morning.

Several other equities research analysts also recently issued reports on CW. Morgan Stanley boosted their price objective on shares of Curtiss-Wright from $260.00 to $284.00 and gave the stock an overweight rating in a research note on Friday, May 3rd. Truist Financial raised their price objective on Curtiss-Wright from $240.00 to $252.00 and gave the company a hold rating in a research report on Friday, May 3rd. Stifel Nicolaus increased their target price on Curtiss-Wright from $255.00 to $272.00 and gave the company a buy rating in a research note on Wednesday, April 17th. Finally, Robert W. Baird boosted their price target on Curtiss-Wright from $246.00 to $300.00 and gave the stock an outperform rating in a research report on Monday, April 8th. One equities research 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 company’s stock. Based on data from MarketBeat.com, Curtiss-Wright presently has an average rating of Buy and an average price target of $277.00.

Curtiss-Wright Trading Up 1.1 %

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

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Wednesday, May 1st. The aerospace company reported $1.99 EPS for the quarter, topping 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 firm had revenue of $713.17 million during the quarter, compared to analyst estimates of $664.01 million. During the same quarter in the prior year, the business posted $1.53 earnings per share. Curtiss-Wright’s revenue for the quarter was up 13.0% compared to the same quarter last year. Analysts anticipate that Curtiss-Wright will post 10.27 earnings per share for the current year.

Curtiss-Wright Announces Dividend

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

Insider Buying and Selling at Curtiss-Wright

In related news, VP Paul J. Ferdenzi sold 2,500 shares of the business’s 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 sale, the vice president now directly owns 17,383 shares of the company’s stock, valued at $4,171,920. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Curtiss-Wright news, VP Paul J. Ferdenzi sold 2,500 shares of Curtiss-Wright 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 completion of the transaction, the vice president now owns 17,383 shares of the company’s stock, valued at $4,171,920. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Lynn M. Bamford sold 2,620 shares of the stock in a transaction 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 sale, the chief executive officer now directly owns 35,773 shares in the company, valued at $8,714,302.80. The disclosure for this sale can be found here. Insiders have sold 12,451 shares of company stock worth $3,030,512 in the last ninety days. 0.55% of the stock is owned by insiders.

Hedge Funds Weigh In On Curtiss-Wright

Several hedge funds and other institutional investors have recently modified their holdings of CW. Sequoia Financial Advisors LLC grew its stake in shares of Curtiss-Wright by 1.7% in the first quarter. Sequoia Financial Advisors LLC now owns 2,685 shares of the aerospace company’s stock worth $687,000 after purchasing an additional 45 shares in the last quarter. Venturi Wealth Management LLC grew its position in Curtiss-Wright by 53.6% in the 4th quarter. Venturi Wealth Management LLC now owns 149 shares of the aerospace company’s stock valued at $33,000 after buying an additional 52 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in Curtiss-Wright by 2.5% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,176 shares of the aerospace company’s stock valued at $557,000 after buying an additional 53 shares during the period. Signaturefd LLC raised its position in shares of 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. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Curtiss-Wright by 0.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,411 shares of the aerospace company’s stock worth $1,450,000 after acquiring an additional 59 shares during the period. 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.