Analysts Set Curtiss-Wright Co. (NYSE:CW) PT at $377.43

Shares of Curtiss-Wright Co. (NYSE:CW) have been given an average recommendation of “Moderate Buy” by the seven research firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $377.43.

Several equities research analysts recently issued reports on CW shares. Citigroup dropped their price objective on Curtiss-Wright from $450.00 to $424.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Stifel Nicolaus cut their price objective on Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating for the company in a report on Monday, April 14th. Finally, Truist Financial decreased their price objective on shares of Curtiss-Wright from $357.00 to $338.00 and set a “hold” rating on the stock in a research report on Thursday, April 17th.

Curtiss-Wright Stock Up 1.0 %

CW stock opened at $339.01 on Tuesday. Curtiss-Wright has a twelve month low of $250.97 and a twelve month high of $393.40. The firm has a market capitalization of $12.77 billion, a PE ratio of 32.13, a PEG ratio of 2.48 and a beta of 1.03. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39. The stock has a 50-day simple moving average of $318.71 and a two-hundred day simple moving average of $344.94.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share for the quarter, topping analysts’ consensus estimates of $3.12 by $0.15. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. On average, equities analysts predict that Curtiss-Wright will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Thursday, March 27th were given a $0.21 dividend. The ex-dividend date was Thursday, March 27th. This represents a $0.84 annualized dividend and a dividend yield of 0.25%. Curtiss-Wright’s dividend payout ratio is 7.96%.

Insider Buying and Selling

In other news, insider Paul J. Ferdenzi sold 658 shares of the business’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $325.68, for a total transaction of $214,297.44. Following the sale, the insider now owns 19,239 shares in the company, valued at approximately $6,265,757.52. The trade was a 3.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP George P. Mcdonald sold 148 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total transaction of $48,160.68. Following the completion of the transaction, the vice president now owns 1,899 shares of the company’s stock, valued at approximately $617,953.59. The trade was a 7.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,797 shares of company stock valued at $7,436,255 over the last three months. Corporate insiders own 0.55% of the company’s stock.

Institutional Trading of Curtiss-Wright

Hedge funds and other institutional investors have recently made changes to their positions in the stock. YANKCOM Partnership bought a new stake in Curtiss-Wright in the fourth quarter worth $31,000. Minot DeBlois Advisors LLC purchased a new position in shares of Curtiss-Wright in the 4th quarter worth about $35,000. Whipplewood Advisors LLC boosted its stake in Curtiss-Wright by 1,566.7% in the 1st quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 94 shares in the last quarter. Ancora Advisors LLC bought a new stake in Curtiss-Wright during the 4th quarter valued at about $49,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Curtiss-Wright in the third quarter worth about $53,000. Hedge funds and other institutional investors 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.