Truist Financial Issues Positive Forecast for Curtiss-Wright (NYSE:CW) Stock Price

Curtiss-Wright (NYSE:CW) had its price target hoisted by Truist Financial from $304.00 to $333.00 in a report published on Friday morning, Benzinga reports. They currently have a hold rating on the aerospace company’s stock.

Several other research firms have also commented on CW. StockNews.com lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd. Alembic Global Advisors started coverage on shares of Curtiss-Wright in a research report on Tuesday. They set an “overweight” rating and a $412.00 target price on the stock. Robert W. Baird raised their price target on shares of Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Finally, Stifel Nicolaus upped their price objective on shares of Curtiss-Wright from $318.00 to $361.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $349.60.

Curtiss-Wright Trading Up 1.1 %

Shares of Curtiss-Wright stock traded up $3.86 during mid-day trading on Friday, hitting $348.82. 211,457 shares of the stock were exchanged, compared to its average volume of 221,654. The stock has a market capitalization of $13.36 billion, a price-to-earnings ratio of 33.01 and a beta of 1.18. The company has a current ratio of 2.05, a quick ratio of 1.42 and a debt-to-equity ratio of 0.39. Curtiss-Wright has a twelve month low of $198.45 and a twelve month high of $371.04. The company has a 50-day simple moving average of $329.92 and a 200 day simple moving average of $294.96.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, August 7th. The aerospace company reported $2.67 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.43. The business had revenue of $785.00 million during the quarter, compared to the consensus estimate of $735.82 million. Curtiss-Wright had a return on equity of 17.39% and a net margin of 13.20%. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.15 EPS. Research analysts forecast that Curtiss-Wright will post 10.58 EPS for the current year.

Curtiss-Wright Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.84 annualized dividend and a dividend yield of 0.24%. Curtiss-Wright’s payout ratio is 7.95%.

Insiders Place Their Bets

In other news, Director Glenda J. Minor sold 500 shares of Curtiss-Wright stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $302.80, for a total value of $151,400.00. Following the completion of the transaction, the director now directly owns 1,382 shares of the company’s stock, valued at approximately $418,469.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.67% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Curtiss-Wright

Several large investors have recently added to or reduced their stakes in the stock. Atria Investments Inc raised its holdings in shares of Curtiss-Wright by 37.6% during the third quarter. Atria Investments Inc now owns 3,743 shares of the aerospace company’s stock valued at $1,230,000 after buying an additional 1,022 shares during the last quarter. Assetmark Inc. increased its holdings in shares of Curtiss-Wright by 9.8% during the third quarter. Assetmark Inc. now owns 5,829 shares of the aerospace company’s stock valued at $1,916,000 after purchasing an additional 519 shares during the period. Portside Wealth Group LLC raised its stake in shares of Curtiss-Wright by 142.9% during the third quarter. Portside Wealth Group LLC now owns 2,116 shares of the aerospace company’s stock valued at $696,000 after purchasing an additional 1,245 shares in the last quarter. Radnor Capital Management LLC acquired a new stake in Curtiss-Wright in the third quarter worth about $2,347,000. Finally, Marks Group Wealth Management Inc bought a new position in Curtiss-Wright in the 3rd quarter valued at about $9,315,000. 82.71% of the stock is owned by institutional investors and hedge funds.

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.