Curtiss-Wright Co. (NYSE:CW) Receives $260.25 Consensus Target Price from Brokerages

Curtiss-Wright Co. (NYSE:CW) has been assigned a consensus rating of “Moderate Buy” from the five analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $277.00.

Several research firms have commented on CW. StockNews.com raised Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a report on Sunday. Robert W. Baird increased their price objective on shares of Curtiss-Wright from $246.00 to $300.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. Morgan Stanley lifted their target price on shares of Curtiss-Wright from $260.00 to $284.00 and gave the stock an “overweight” rating in a report on Friday. Stifel Nicolaus increased their price target on shares of Curtiss-Wright from $255.00 to $272.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Finally, Truist Financial boosted their price objective on shares of Curtiss-Wright from $240.00 to $252.00 and gave the stock a “hold” rating in a report on Friday.

Curtiss-Wright Trading Up 2.0 %

NYSE CW opened at $268.17 on Friday. Curtiss-Wright has a twelve month low of $157.72 and a twelve month high of $269.00. The company has a market capitalization of $10.27 billion, a price-to-earnings ratio of 27.62 and a beta of 1.18. The stock’s 50-day simple moving average is $248.98 and its two-hundred day simple moving average is $228.63. The company has a quick ratio of 1.50, a current ratio of 2.02 and a debt-to-equity ratio of 0.40.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Wednesday, May 1st. The aerospace company reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.24. The company had revenue of $713.17 million during the quarter, compared to analyst estimates of $664.01 million. Curtiss-Wright had a return on equity of 16.79% and a net margin of 12.78%. The firm’s revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.53 earnings per share. Research analysts forecast that Curtiss-Wright will post 10.27 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.80 dividend on an annualized basis and a yield of 0.30%. Curtiss-Wright’s dividend payout ratio is presently 8.24%.

Insider Activity

In related news, VP Paul J. Ferdenzi sold 2,500 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $250.00, for a total transaction of $625,000.00. Following the completion of the sale, the vice president now owns 15,942 shares in the company, valued at $3,985,500. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Curtiss-Wright news, VP Paul J. Ferdenzi sold 2,500 shares of the stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $250.00, for a total value of $625,000.00. Following the transaction, the vice president now directly owns 15,942 shares in the company, valued at $3,985,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO K Christopher Farkas sold 925 shares of the business’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $243.55, for a total value of $225,283.75. Following the sale, the chief financial officer now directly owns 10,052 shares of the company’s stock, valued at approximately $2,448,164.60. The disclosure for this sale can be found here. Insiders have sold 12,451 shares of company stock valued at $3,030,512 in the last ninety days. 0.67% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Norges Bank purchased a new stake in Curtiss-Wright in the 4th quarter worth $113,885,000. Fiera Capital Corp bought a new position in Curtiss-Wright during the third quarter valued at approximately $31,386,000. Public Employees Retirement Association of Colorado grew its holdings in Curtiss-Wright by 1,901.3% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 150,377 shares of the aerospace company’s stock valued at $33,502,000 after buying an additional 142,863 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Curtiss-Wright in the 4th quarter worth approximately $31,816,000. Finally, Seizert Capital Partners LLC raised its holdings in shares of Curtiss-Wright by 674.7% during the 3rd quarter. Seizert Capital Partners LLC now owns 111,826 shares of the aerospace company’s stock worth $21,877,000 after acquiring an additional 97,392 shares in the last quarter. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Company Profile

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.