Stifel Nicolaus cut shares of Curtiss-Wright (NYSE:CW - Free Report) from a buy rating to a hold rating in a research report released on Monday, MarketBeat reports. The firm currently has $370.00 target price on the aerospace company's stock.
Other equities analysts have also issued reports about the stock. Alembic Global Advisors assumed coverage on shares of Curtiss-Wright in a research report on Tuesday, October 29th. They issued an "overweight" rating and a $412.00 price objective for the company. StockNews.com cut shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Monday, September 23rd. Truist Financial lifted their target price on shares of Curtiss-Wright from $304.00 to $333.00 and gave the stock a "hold" rating in a research note on Friday, November 1st. Robert W. Baird increased their price target on shares of Curtiss-Wright from $300.00 to $312.00 and gave the company an "outperform" rating in a research note on Friday, August 9th. Finally, Morgan Stanley lifted their price target on shares of Curtiss-Wright from $334.00 to $395.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $364.40.
Check Out Our Latest Research Report on Curtiss-Wright
Curtiss-Wright Stock Down 1.5 %
Shares of CW stock traded down $5.24 during mid-day trading on Monday, hitting $353.11. 267,396 shares of the stock traded hands, compared to its average volume of 225,204. The stock's fifty day moving average is $342.77 and its two-hundred day moving average is $304.05. 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 52-week low of $209.01 and a 52-week high of $393.40. The stock has a market cap of $13.40 billion, a P/E ratio of 33.90 and a beta of 1.17.
Curtiss-Wright Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 22nd will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.24%. The ex-dividend date is Friday, November 22nd. Curtiss-Wright's payout ratio is 7.95%.
Insider Buying and Selling
In other news, VP John C. Watts sold 412 shares of Curtiss-Wright stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total value of $148,134.60. Following the completion of the transaction, the vice president now owns 4,183 shares in the company, valued at approximately $1,503,997.65. This trade represents a 8.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.67% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in CW. Vanguard Group Inc. raised its holdings in Curtiss-Wright by 0.5% during the first quarter. Vanguard Group Inc. now owns 3,657,854 shares of the aerospace company's stock worth $936,191,000 after purchasing an additional 18,939 shares during the last quarter. Boston Partners lifted its stake in Curtiss-Wright by 3.0% in the 1st quarter. Boston Partners now owns 1,393,662 shares of the aerospace company's stock valued at $356,684,000 after buying an additional 40,657 shares in the last quarter. Geode Capital Management LLC grew its holdings in Curtiss-Wright by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 731,848 shares of the aerospace company's stock valued at $240,606,000 after buying an additional 27,607 shares during the last quarter. Congress Asset Management Co. increased its position in Curtiss-Wright by 136.8% during the 3rd quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company's stock worth $150,893,000 after purchasing an additional 265,205 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in Curtiss-Wright by 32,425.8% in the 3rd quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company's stock valued at $133,102,000 after purchasing an additional 403,701 shares in the last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.
Curtiss-Wright Company Profile
(
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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.
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