Curtiss-Wright Corporation (NYSE:CW) Stock Has Consensus Target Price of $768.25 According to Brokerages

Curtiss-Wright Corporation (NYSE:CW) has been assigned an average rating of “Moderate Buy” from the eight brokerages that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $768.25.

CW has been the subject of a number of analyst reports. Morgan Stanley reiterated an “overweight” rating and set a $860.00 target price on shares of Curtiss-Wright in a research note on Wednesday, July 15th. Guggenheim assumed coverage on Curtiss-Wright in a research note on Monday, September 14th. They issued a “buy” rating and a $786.00 price target on the stock. Stifel Nicolaus lifted their price target on Curtiss-Wright from $724.00 to $768.00 and gave the stock a “hold” rating in a report on Monday, July 20th. Piper Sandler started coverage on Curtiss-Wright in a research report on Wednesday, September 2nd. They set a “neutral” rating and a $665.00 price objective for the company. Finally, Wall Street Zen downgraded Curtiss-Wright from a “buy” rating to a “hold” rating in a report on Saturday, August 15th.

Insider Buying and Selling

In other news, EVP John C. Watts sold 1,035 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $619.46, for a total transaction of $641,141.10. Following the completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $596.74, for a total transaction of $59,674.00. Following the sale, the director owned 1,414 shares of the company’s stock, valued at $843,790.36. This represents a 6.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.51% of the company’s stock.

Institutional Investors Weigh In On Curtiss-Wright

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. QRG Capital Management Inc. lifted its position in Curtiss-Wright by 4.0% in the second quarter. QRG Capital Management Inc. now owns 1,336 shares of the aerospace company’s stock valued at $1,012,000 after acquiring an additional 51 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in Curtiss-Wright by 13.7% in the second quarter. Sequoia Financial Advisors LLC now owns 13,097 shares of the aerospace company’s stock valued at $9,924,000 after acquiring an additional 1,583 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of Curtiss-Wright by 2.4% during the second quarter. Tidal Investments LLC now owns 13,462 shares of the aerospace company’s stock worth $10,201,000 after purchasing an additional 310 shares during the last quarter. Van Hulzen Asset Management LLC grew its holdings in shares of Curtiss-Wright by 38.1% during the second quarter. Van Hulzen Asset Management LLC now owns 794 shares of the aerospace company’s stock worth $602,000 after purchasing an additional 219 shares during the last quarter. Finally, National Pension Service increased its position in shares of Curtiss-Wright by 2,974.9% during the second quarter. National Pension Service now owns 63,928 shares of the aerospace company’s stock worth $48,442,000 after purchasing an additional 61,849 shares in the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Curtiss-Wright Stock Up 0.2%

Shares of Curtiss-Wright stock opened at $544.89 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 1.60 and a debt-to-equity ratio of 0.27. Curtiss-Wright has a 52-week low of $521.66 and a 52-week high of $808.16. The company has a market capitalization of $20.12 billion, a P/E ratio of 37.50, a P/E/G ratio of 2.45 and a beta of 0.88. The company has a 50 day moving average of $625.94 and a 200 day moving average of $692.76.

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

Curtiss-Wright Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 25th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.2%. 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. Curtiss-Wright’s dividend payout ratio is currently 7.16%.

About Curtiss-Wright

Curtiss-Wright Corporation is a diversified manufacturer and service provider serving the aerospace, defense, commercial power and industrial markets. The company develops and produces highly engineered components and systems used in applications where reliability, performance and safety are critical.

Its products and services include aircraft and industrial actuation systems, sensors and controls, electronic components, embedded computing systems, data-acquisition equipment, valves, pumps, motors and other flow-control products.