Curtiss-Wright (NYSE:CW) Price Target Lowered to $309.00 at Stifel Nicolaus

Curtiss-Wright (NYSE:CW - Free Report) had its price objective decreased by Stifel Nicolaus from $331.00 to $309.00 in a research report report published on Monday,Benzinga reports. Stifel Nicolaus currently has a hold rating on the aerospace company's stock.

CW has been the topic of a number of other reports. Truist Financial increased their price target on Curtiss-Wright from $333.00 to $357.00 and gave the stock a "hold" rating in a report on Tuesday, January 14th. Citigroup decreased their price target on shares of Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $377.43.

Curtiss-Wright Trading Down 0.5 %

Shares of Curtiss-Wright stock traded down $1.47 during midday trading on Monday, reaching $318.51. The company had a trading volume of 177,726 shares, compared to its average volume of 264,979. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19. Curtiss-Wright has a fifty-two week low of $248.71 and a fifty-two week high of $393.40. The stock has a fifty day moving average price of $318.90 and a 200 day moving average price of $345.25. The firm has a market cap of $11.99 billion, a PE ratio of 30.19, a P/E/G ratio of 2.48 and a beta of 1.03.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced 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 anticipate that Curtiss-Wright will post 12.32 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Thursday, March 27th were paid a dividend of $0.21 per share. The ex-dividend date was Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a yield of 0.26%. Curtiss-Wright's dividend payout ratio (DPR) is currently 7.96%.

Insider Transactions at Curtiss-Wright

In other news, insider Paul J. Ferdenzi sold 1,907 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $346.98, for a total value of $661,690.86. Following the transaction, the insider now owns 18,405 shares in the company, valued at $6,386,166.90. The trade was a 9.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP George P. Mcdonald sold 148 shares of the firm's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total value of $48,160.68. Following the sale, the vice president now directly owns 1,899 shares of the company's stock, valued at approximately $617,953.59. This represents 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 ninety days. 0.55% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CW. Atomi Financial Group Inc. purchased a new position in shares of Curtiss-Wright in the fourth quarter worth about $239,000. Truist Financial Corp lifted its position in shares of Curtiss-Wright by 6.2% during the fourth quarter. Truist Financial Corp now owns 14,230 shares of the aerospace company's stock worth $5,050,000 after acquiring an additional 825 shares in the last quarter. Athena Investment Management bought a new position in shares of Curtiss-Wright in the fourth quarter worth $302,000. Daiwa Securities Group Inc. grew its position in shares of Curtiss-Wright by 1,694.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 11,863 shares of the aerospace company's stock valued at $4,210,000 after purchasing an additional 11,202 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Curtiss-Wright by 28.9% during the 4th quarter. JPMorgan Chase & Co. now owns 153,631 shares of the aerospace company's stock worth $54,519,000 after purchasing an additional 34,489 shares in the last quarter. 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.