Curtiss-Wright Co. (NYSE:CW) Receives Average Rating of “Moderate Buy” from Analysts

Curtiss-Wright Co. (NYSE:CW) has received a consensus rating of “Moderate Buy” from the seven research firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $386.86.

Several research firms have issued reports on CW. Truist Financial boosted their target price on Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft began coverage on Curtiss-Wright in a research report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price objective for the company. Finally, Citigroup began coverage on shares of Curtiss-Wright in a research note on Tuesday, January 21st. They set a “buy” rating and a $410.00 price target on the stock.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, VP John C. Watts sold 622 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total value of $215,865.10. Following the transaction, the vice president now directly owns 5,072 shares in the company, valued at approximately $1,760,237.60. This represents a 10.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP George P. Mcdonald sold 148 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total transaction of $48,160.68. Following the sale, the vice president now directly owns 1,899 shares in the company, valued at $617,953.59. This represents a 7.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 116 shares of company stock valued at $35,278 and have sold 21,797 shares valued at $7,436,255. Insiders own 0.55% of the company’s stock.

Hedge Funds Weigh In On Curtiss-Wright

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Curtiss-Wright by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 3,634,028 shares of the aerospace company’s stock valued at $1,289,608,000 after acquiring an additional 15,890 shares during the last quarter. Invesco Ltd. increased its stake in Curtiss-Wright by 6.4% in the fourth quarter. Invesco Ltd. now owns 1,417,445 shares of the aerospace company’s stock valued at $503,009,000 after purchasing an additional 84,635 shares during the last quarter. TD Asset Management Inc. lifted its position in Curtiss-Wright by 16.2% during the fourth quarter. TD Asset Management Inc. now owns 766,413 shares of the aerospace company’s stock worth $271,977,000 after buying an additional 107,115 shares during the period. Geode Capital Management LLC boosted its stake in Curtiss-Wright by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 743,934 shares of the aerospace company’s stock worth $264,071,000 after buying an additional 12,086 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in Curtiss-Wright by 1.2% in the 4th quarter. Alliancebernstein L.P. now owns 592,326 shares of the aerospace company’s stock valued at $210,199,000 after buying an additional 6,971 shares during the period. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Price Performance

Curtiss-Wright stock opened at $303.13 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19. The business has a 50 day simple moving average of $329.23 and a 200-day simple moving average of $346.67. Curtiss-Wright has a 12 month low of $246.43 and a 12 month high of $393.40. The stock has a market capitalization of $11.42 billion, a PE ratio of 28.73, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15.

Curtiss-Wright (NYSE:CW) last released its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 EPS for the quarter, topping the consensus estimate of $3.12 by $0.15. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. Equities analysts predict that Curtiss-Wright will post 12.32 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be issued a dividend of $0.21 per share. The ex-dividend date is Thursday, March 27th. This represents a $0.84 annualized dividend and a yield of 0.28%. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.96%.

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.