Curtiss-Wright Co. (NYSE:CW) Given Consensus Rating of "Moderate Buy" by Brokerages

Curtiss-Wright Co. (NYSE:CW - Get Free Report) has been given a consensus rating of "Moderate Buy" by the six analysts that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $379.00.

A number of brokerages recently issued reports on CW. Truist Financial increased their price target on shares of Curtiss-Wright from $304.00 to $333.00 and gave the stock a "hold" rating in a report on Friday, November 1st. Morgan Stanley increased their target price on shares of Curtiss-Wright from $334.00 to $395.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. Alembic Global Advisors assumed coverage on Curtiss-Wright in a research report on Tuesday, October 29th. They set an "overweight" rating and a $412.00 target price on the stock. Stifel Nicolaus cut Curtiss-Wright from a "buy" rating to a "hold" rating and set a $370.00 price target for the company. in a report on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Curtiss-Wright in a report on Thursday, December 5th. They issued a "buy" rating and a $452.00 price objective on the stock.

Curtiss-Wright Stock Performance

NYSE:CW traded down $1.93 during midday trading on Friday, hitting $349.99. The company's stock had a trading volume of 258,717 shares, compared to its average volume of 301,486. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.39. Curtiss-Wright has a fifty-two week low of $217.20 and a fifty-two week high of $393.40. The firm's 50 day moving average is $364.84 and its 200-day moving average is $328.58. The firm has a market cap of $13.28 billion, a P/E ratio of 33.11, a P/E/G ratio of 2.96 and a beta of 1.19.

Curtiss-Wright Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 22nd were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.84 annualized dividend and a yield of 0.24%. Curtiss-Wright's dividend payout ratio is presently 7.95%.

Insider Transactions at Curtiss-Wright

In other news, VP John C. Watts sold 412 shares of Curtiss-Wright stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total transaction of $148,134.60. Following the transaction, the vice president now owns 4,183 shares in the company, valued at $1,503,997.65. The trade was a 8.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lynn M. Bamford sold 7,129 shares of the business's 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 transaction, the chief executive officer now directly owns 28,688 shares in the company, valued at approximately $10,580,134.40. The trade was a 19.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have purchased a total of 116 shares of company stock worth $35,278 in the last ninety days. Insiders own 0.67% of the company's stock.

Hedge Funds Weigh In On Curtiss-Wright

A number of hedge funds have recently modified their holdings of the business. Nordea Investment Management AB increased its holdings in Curtiss-Wright by 1.3% in the 4th quarter. Nordea Investment Management AB now owns 25,934 shares of the aerospace company's stock valued at $9,330,000 after purchasing an additional 335 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Curtiss-Wright by 13.4% during the fourth quarter. GAMMA Investing LLC now owns 577 shares of the aerospace company's stock worth $205,000 after buying an additional 68 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Curtiss-Wright by 9.8% in the third quarter. JPMorgan Chase & Co. now owns 119,142 shares of the aerospace company's stock valued at $39,161,000 after buying an additional 10,642 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in Curtiss-Wright during the 3rd quarter worth about $230,000. Finally, Franklin Resources Inc. boosted its holdings in Curtiss-Wright by 7.3% during the 3rd quarter. Franklin Resources Inc. now owns 332,047 shares of the aerospace company's stock valued at $115,469,000 after acquiring an additional 22,543 shares during the period. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

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.