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

Shares of Curtiss-Wright Co. (NYSE:CW) have received an average rating of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $377.43.

A number of analysts have issued reports on the stock. Truist Financial cut their price objective on shares of Curtiss-Wright from $357.00 to $338.00 and set a “hold” rating for the company in a report on Thursday, April 17th. Citigroup lowered 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. Finally, Stifel Nicolaus reduced their target price on Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating on the stock in a report on Monday, April 14th.

Insider Buying and Selling

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 stock was sold at an average price of $347.05, for a total value of $215,865.10. Following the completion of the transaction, the vice president now owns 5,072 shares of the company’s stock, valued at $1,760,237.60. This represents a 10.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Paul J. Ferdenzi sold 658 shares of Curtiss-Wright stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $325.68, for a total value of $214,297.44. Following the sale, the insider now directly owns 19,239 shares in the company, valued at $6,265,757.52. The trade was a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,797 shares of company stock worth $7,436,255 in the last three months. 0.55% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Curtiss-Wright

Large investors have recently modified their holdings of the business. Norges Bank bought a new stake in Curtiss-Wright in the fourth quarter valued at approximately $201,856,000. William Blair Investment Management LLC bought a new position in Curtiss-Wright during the fourth quarter worth $132,626,000. GAMMA Investing LLC lifted its holdings in Curtiss-Wright by 44,878.7% in the first quarter. GAMMA Investing LLC now owns 259,527 shares of the aerospace company’s stock valued at $82,340,000 after buying an additional 258,950 shares during the period. Wedge Capital Management L L P NC acquired a new stake in Curtiss-Wright during the 1st quarter worth about $55,639,000. Finally, TimesSquare Capital Management LLC raised its position in shares of Curtiss-Wright by 1,773.1% in the 4th quarter. TimesSquare Capital Management LLC now owns 176,072 shares of the aerospace company’s stock worth $62,483,000 after acquiring an additional 166,672 shares in the last quarter. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Price Performance

Curtiss-Wright stock opened at $317.61 on Tuesday. The company has a market capitalization of $11.96 billion, a price-to-earnings ratio of 30.11, a PEG ratio of 2.48 and a beta of 1.03. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. Curtiss-Wright has a 12 month low of $249.14 and a 12 month high of $393.40. The stock’s 50 day moving average is $318.41 and its 200-day moving average is $345.21.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 EPS 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%. Equities research analysts expect that Curtiss-Wright will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Thursday, March 27th were paid a $0.21 dividend. The ex-dividend date was Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.26%. Curtiss-Wright’s payout ratio is currently 7.96%.

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.