Truist Financial Issues Pessimistic Forecast for Curtiss-Wright (NYSE:CW) Stock Price

Curtiss-Wright (NYSE:CW - Free Report) had its price target lowered by Truist Financial from $357.00 to $338.00 in a research report released on Thursday,Benzinga reports. The brokerage currently has a hold rating on the aerospace company's stock.

Several other research firms have also issued reports on CW. Citigroup dropped their price objective on Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Stifel Nicolaus decreased their price objective on shares of Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Curtiss-Wright presently has an average rating of "Moderate Buy" and a consensus price target of $377.43.

Curtiss-Wright Stock Up 0.8 %

NYSE:CW traded up $2.65 during trading hours on Thursday, reaching $319.08. 50,655 shares of the stock were exchanged, compared to its average volume of 265,130. 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 twelve month low of $249.14 and a twelve month high of $393.40. The stock has a market cap of $12.02 billion, a PE ratio of 30.27, a PEG ratio of 2.48 and a beta of 1.03. The firm has a 50 day moving average of $318.41 and a 200 day moving average of $345.21.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share for the quarter, beating 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 analysts expect that Curtiss-Wright will post 12.32 earnings per share for the current year.

Curtiss-Wright Announces Dividend

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

Insiders Place Their Bets

In related news, insider Paul J. Ferdenzi sold 1,907 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $346.98, for a total value of $661,690.86. Following the transaction, the insider now directly owns 18,405 shares of the company's stock, valued at $6,386,166.90. This trade represents a 9.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP George P. Mcdonald sold 148 shares of Curtiss-Wright 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 completion of the transaction, the vice president now owns 1,899 shares in the company, valued at approximately $617,953.59. The trade was a 7.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,797 shares of company stock worth $7,436,255 in the last quarter. Corporate insiders own 0.55% of the company's stock.

Institutional Trading of Curtiss-Wright

Several large investors have recently bought and sold shares of CW. YANKCOM Partnership acquired a new stake in shares of Curtiss-Wright in the 4th quarter valued at approximately $31,000. Whipplewood Advisors LLC raised its position in Curtiss-Wright by 1,566.7% in the first quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company's stock valued at $32,000 after purchasing an additional 94 shares during the last quarter. Minot DeBlois Advisors LLC bought a new stake in shares of Curtiss-Wright during the fourth quarter worth about $35,000. Ancora Advisors LLC bought a new position in Curtiss-Wright in the 4th quarter valued at approximately $49,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Curtiss-Wright during the 3rd quarter worth approximately $53,000. 82.71% of the stock is owned by institutional investors and hedge funds.

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.