Analysts Set Curtiss-Wright Co. (NYSE:CW) PT at $386.86

Shares of Curtiss-Wright Co. (NYSE:CW - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the seven analysts that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $386.86.

CW has been the subject of several research reports. Stifel Nicolaus downgraded shares of Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 price objective for the company. in a research report on Monday, November 18th. Truist Financial boosted their target price on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a "hold" rating in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Curtiss-Wright in a research note on Thursday, December 5th. They issued a "buy" rating and a $452.00 price objective on the stock. Finally, Citigroup assumed coverage on shares of Curtiss-Wright in a research note on Tuesday, January 21st. They issued a "buy" rating and a $410.00 price objective on the stock.

Insider Activity at Curtiss-Wright

In related news, CEO Lynn M. Bamford sold 7,129 shares of Curtiss-Wright stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $368.80, for a total transaction of $2,629,175.20. Following the completion of the transaction, the chief executive officer now directly owns 28,688 shares of the company's stock, valued at $10,580,134.40. This trade represents a 19.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Paul J. Ferdenzi sold 1,907 shares of Curtiss-Wright stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $346.98, for a total transaction of $661,690.86. Following the transaction, the insider now directly owns 18,405 shares of the company's stock, valued at approximately $6,386,166.90. This trade represents a 9.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 116 shares of company stock valued at $35,278 and have sold 23,064 shares valued at $8,157,322. 0.67% of the stock is owned by insiders.

Remove Ads

Hedge Funds Weigh In On Curtiss-Wright

Hedge funds have recently modified their holdings of the company. Tidal Investments LLC raised its stake in Curtiss-Wright by 2.6% during the third quarter. Tidal Investments LLC now owns 1,159 shares of the aerospace company's stock valued at $381,000 after purchasing an additional 29 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Curtiss-Wright by 0.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,319 shares of the aerospace company's stock worth $1,178,000 after purchasing an additional 29 shares during the last quarter. Harbour Investments Inc. increased its position in Curtiss-Wright by 10.6% during the 4th quarter. Harbour Investments Inc. now owns 312 shares of the aerospace company's stock valued at $111,000 after purchasing an additional 30 shares during the period. Cornerstone Investment Partners LLC increased its position in Curtiss-Wright by 3.6% during the 4th quarter. Cornerstone Investment Partners LLC now owns 918 shares of the aerospace company's stock valued at $326,000 after purchasing an additional 32 shares during the period. Finally, Ascent Group LLC increased its position in Curtiss-Wright by 4.9% during the 4th quarter. Ascent Group LLC now owns 713 shares of the aerospace company's stock valued at $253,000 after purchasing an additional 33 shares during the period. 82.71% of the stock is currently owned by institutional investors.

Curtiss-Wright Trading Down 3.3 %

Shares of CW stock traded down $10.76 during trading hours on Monday, reaching $313.11. The company had a trading volume of 84,643 shares, compared to its average volume of 325,509. The company has a 50 day moving average of $346.26 and a 200 day moving average of $344.82. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19. The firm has a market cap of $11.79 billion, a price-to-earnings ratio of 29.83, a P/E/G ratio of 2.48 and a beta of 1.19. Curtiss-Wright has a 1-year low of $236.31 and a 1-year high of $393.40.

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

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, March 27th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.27%. The ex-dividend date is Thursday, March 27th. Curtiss-Wright's dividend payout ratio (DPR) is currently 7.96%.

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.