Curtiss-Wright (NYSE:CW) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Curtiss-Wright (NYSE:CW - Free Report) had its target price increased by Morgan Stanley from $334.00 to $395.00 in a research note published on Tuesday morning, Benzinga reports. Morgan Stanley currently has an overweight rating on the aerospace company's stock.

Other research analysts have also issued reports about the company. Robert W. Baird raised their price target on Curtiss-Wright from $300.00 to $312.00 and gave the stock an "outperform" rating in a research report on Friday, August 9th. StockNews.com downgraded shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Monday, September 23rd. Alembic Global Advisors initiated coverage on Curtiss-Wright in a research note on Tuesday, October 29th. They set an "overweight" rating and a $412.00 target price for the company. Stifel Nicolaus raised their price objective on Curtiss-Wright from $318.00 to $361.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Finally, Truist Financial increased their price target on shares of Curtiss-Wright from $304.00 to $333.00 and gave the company a "hold" rating in a research report on Friday. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $362.60.

Curtiss-Wright Trading Up 3.0 %

CW stock traded up $10.36 during trading on Tuesday, reaching $360.37. The company had a trading volume of 334,404 shares, compared to its average volume of 222,303. Curtiss-Wright has a 52 week low of $203.22 and a 52 week high of $371.04. The company has a market cap of $13.68 billion, a P/E ratio of 33.92 and a beta of 1.17. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.39. The business has a 50 day moving average of $330.64 and a 200 day moving average of $296.30.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.43. Curtiss-Wright had a return on equity of 17.21% and a net margin of 13.20%. The business had revenue of $785.00 million for the quarter, compared to analysts' expectations of $735.82 million. During the same period last year, the firm posted $2.15 earnings per share. The business's revenue for the quarter was up 11.4% on a year-over-year basis. As a group, sell-side analysts forecast that Curtiss-Wright will post 10.66 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.84 annualized dividend and a dividend yield of 0.23%. Curtiss-Wright's dividend payout ratio (DPR) is presently 7.95%.

Insider Activity

In related news, Director Glenda J. Minor sold 500 shares of the 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 owns 1,382 shares of the company's stock, valued at $418,469.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.55% of the stock is currently owned by company insiders.

Institutional Trading of Curtiss-Wright

Large investors have recently bought and sold shares of the business. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of Curtiss-Wright during the 1st quarter worth about $256,000. First Trust Direct Indexing L.P. bought a new position in Curtiss-Wright in the first quarter valued at about $208,000. Norden Group LLC grew its stake in shares of Curtiss-Wright by 41.0% in the first quarter. Norden Group LLC now owns 2,829 shares of the aerospace company's stock worth $724,000 after purchasing an additional 823 shares during the last quarter. Private Advisor Group LLC increased its position in Curtiss-Wright by 96.6% during the 1st quarter. Private Advisor Group LLC now owns 2,112 shares of the aerospace company's stock valued at $541,000 after purchasing an additional 1,038 shares during the period. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Curtiss-Wright by 8.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 2,491 shares of the aerospace company's stock valued at $638,000 after purchasing an additional 194 shares during the period. 82.71% of the stock is owned by 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.