Brokerages Set Curtiss-Wright Corporation (NYSE:CW) Price Target at $765.71

Curtiss-Wright Corporation (NYSE:CW) has earned an average rating of “Hold” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $765.7143.

Several equities analysts have recently issued reports on the company. Stifel Nicolaus boosted their price objective on Curtiss-Wright from $724.00 to $768.00 and gave the company a “hold” rating in a report on Monday, July 20th. Morgan Stanley reaffirmed an “overweight” rating and set a $860.00 target price on shares of Curtiss-Wright in a report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft set a $801.00 price target on Curtiss-Wright in a research report on Wednesday, August 12th. Piper Sandler began coverage on Curtiss-Wright in a report on Wednesday, September 2nd. They issued a “neutral” rating and a $665.00 price target for the company. Finally, Citigroup upped their price objective on Curtiss-Wright from $775.00 to $793.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 1st.

Curtiss-Wright Trading Down 1.0%

Shares of Curtiss-Wright stock opened at $559.62 on Friday. The stock has a market cap of $20.67 billion, a PE ratio of 38.51, a price-to-earnings-growth ratio of 2.55 and a beta of 0.84. The firm has a fifty day moving average price of $683.87 and a 200 day moving average price of $708.04. Curtiss-Wright has a 1 year low of $490.66 and a 1 year high of $808.16. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.60 and a quick ratio of 1.12.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Thursday, August 6th. The aerospace company reported $3.72 EPS for the quarter, beating the consensus estimate of $3.62 by $0.10. The company had revenue of $924.01 million for the quarter, compared to analyst estimates of $926.17 million. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. The firm’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the company earned $3.23 earnings per share. Equities research analysts predict that Curtiss-Wright will post 15.27 earnings per share for the current year.

Curtiss-Wright Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 25th will be issued a dividend of $0.26 per share. This is a positive change from Curtiss-Wright’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, September 25th. This represents a $1.04 annualized dividend and a dividend yield of 0.2%. Curtiss-Wright’s payout ratio is presently 7.16%.

Insider Buying and Selling at Curtiss-Wright

In related news, Director Larry D. Wyche sold 100 shares of the stock in a transaction on Friday, August 28th. The shares were sold at an average price of $596.74, for a total transaction of $59,674.00. Following the sale, the director directly owned 1,414 shares of the company’s stock, valued at approximately $843,790.36. This represents a 6.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP John Watts sold 1,035 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $619.46, for a total transaction of $641,141.10. Following the sale, the executive vice president directly owned 2,736 shares in the company, valued at $1,694,842.56. This trade represents a 27.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.51% of the company’s stock.

Institutional Investors Weigh In On Curtiss-Wright

Institutional investors have recently modified their holdings of the business. California State Teachers Retirement System increased its position in shares of Curtiss-Wright by 96,633.6% in the second quarter. California State Teachers Retirement System now owns 40,844,780 shares of the aerospace company’s stock valued at $30,950,540,000 after buying an additional 40,802,556 shares in the last quarter. BlackRock Inc. purchased a new position in shares of Curtiss-Wright during the 2nd quarter valued at approximately $3,448,649,000. State Street Corp lifted its position in shares of Curtiss-Wright by 1.2% during the 3rd quarter. State Street Corp now owns 1,436,161 shares of the aerospace company’s stock valued at $780,091,000 after buying an additional 16,962 shares in the last quarter. Invesco Ltd. grew its stake in Curtiss-Wright by 7.9% in the 4th quarter. Invesco Ltd. now owns 1,217,608 shares of the aerospace company’s stock valued at $671,231,000 after acquiring an additional 88,688 shares during the period. Finally, Geode Capital Management LLC grew its stake in Curtiss-Wright by 6.0% in the 4th quarter. Geode Capital Management LLC now owns 841,788 shares of the aerospace company’s stock valued at $464,130,000 after acquiring an additional 47,287 shares during the period. 82.71% of the stock is currently owned by institutional investors and hedge funds.

About Curtiss-Wright

Curtiss-Wright Corporation (NYSE:CW) is a diversified industrial company that develops and manufactures highly engineered products and services for the aerospace, defense, commercial nuclear and general industrial markets. Its offerings include sensors, actuators, valves, pumps, electronic systems, embedded computing products, surface-treatment services and other components designed for demanding operating environments.

The company serves aerospace and defense customers with products used in aircraft, naval vessels, ground vehicles, missile systems and other defense platforms.