Curtiss-Wright (NYSE:CW) Stock Gets Price Target Trim from Stifel Nicolaus

Curtiss-Wright (NYSE:CW) had its price objective decreased by Stifel Nicolaus from $700.00 to $518.00 in a research note published on Monday, MarketBeat.com reports. Stifel Nicolaus currently has a hold rating on the aerospace company’s stock.

Several other brokerages also recently commented on CW. Weiss Ratings downgraded shares of Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 4th. Guggenheim started coverage on shares of Curtiss-Wright in a report on Monday, September 14th. They issued a “buy” rating and a $786.00 price target for the company. Piper Sandler started coverage on shares of Curtiss-Wright in a research report on Wednesday, September 2nd. They set a “neutral” rating and a $665.00 price objective for the company. Citigroup lowered their price objective on shares of Curtiss-Wright from $793.00 to $622.00 and set a “neutral” rating for the company in a research report on Wednesday, October 7th. Finally, Deutsche Bank Aktiengesellschaft set a $801.00 price objective on shares of Curtiss-Wright in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $686.25.

Curtiss-Wright Stock Performance

CW stock opened at $494.09 on Monday. Curtiss-Wright has a 1-year low of $485.80 and a 1-year high of $808.16. The company has a current ratio of 1.60, a quick ratio of 1.12 and a debt-to-equity ratio of 0.27. The firm has a market cap of $18.25 billion, a PE ratio of 34.00, a P/E/G ratio of 2.07 and a beta of 0.88. The business’s 50-day moving average price is $566.86 and its two-hundred day moving average price is $676.03.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Thursday, August 6th. The aerospace company reported $3.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.62 by $0.10. The company had revenue of $924.01 million during the quarter, compared to the consensus estimate of $926.17 million. Curtiss-Wright had a return on equity of 20.49% and a net margin of 14.81%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company earned $3.23 earnings per share. As a group, research analysts forecast that Curtiss-Wright will post 15.33 earnings per share for the current year.

Curtiss-Wright Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Friday, September 25th were issued a dividend of $0.26 per share. The ex-dividend date was Friday, September 25th. This is a boost from Curtiss-Wright’s previous quarterly dividend of $0.24. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.2%. Curtiss-Wright’s dividend payout ratio is 7.16%.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, EVP John C. Watts sold 1,035 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $619.46, for a total value of $641,141.10. Following the sale, the executive vice president owned 2,736 shares in the company, valued at approximately $1,694,842.56. The trade was a 27.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Larry D. Wyche sold 100 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $596.74, for a total value of $59,674.00. Following the completion of the sale, the director owned 1,414 shares in the company, valued at $843,790.36. The trade was a 6.61% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.51% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Curtiss-Wright

Several hedge funds have recently made changes to their positions in CW. Quantbot Technologies LP acquired a new position in shares of Curtiss-Wright in the second quarter valued at approximately $30,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Curtiss-Wright during the second quarter worth approximately $30,000. Fiduciary Financial Advisors bought a new position in shares of Curtiss-Wright during the second quarter worth approximately $31,000. Elevation Wealth Partners LLC lifted its holdings in Curtiss-Wright by 237.5% during the 2nd quarter. Elevation Wealth Partners LLC now owns 54 shares of the aerospace company’s stock worth $41,000 after purchasing an additional 38 shares during the last quarter. Finally, Signature Equity Partners LLC lifted its holdings in Curtiss-Wright by 140.0% during the 1st quarter. Signature Equity Partners LLC now owns 60 shares of the aerospace company’s stock worth $41,000 after purchasing an additional 35 shares during the last quarter. 82.71% of the stock is owned by institutional investors.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation (NYSE: CW) is a diversified industrial company that provides highly engineered products and services to the aerospace, defense, commercial nuclear power, and general industrial markets. The company designs and manufactures equipment used in applications that require reliable performance in demanding operating environments.

Its products and technologies include motion-control systems, valves, pumps, actuation equipment, sensors, data-acquisition systems, embedded computing products, and aircraft structural components.