Curtiss-Wright (NYSE:CW) Given New $424.00 Price Target at Citigroup

Curtiss-Wright (NYSE:CW) had its price target decreased by Citigroup from $450.00 to $424.00 in a research note issued to investors on Thursday morning,Benzinga reports. Citigroup currently has a buy rating on the aerospace company’s stock.

Separately, Truist Financial upped their target price on Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Curtiss-Wright presently has an average rating of “Moderate Buy” and an average price target of $388.86.

Curtiss-Wright Trading Down 2.7 %

Shares of Curtiss-Wright stock opened at $313.84 on Thursday. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. The stock has a fifty day simple moving average of $322.74 and a 200 day simple moving average of $345.76. Curtiss-Wright has a 12-month low of $246.43 and a 12-month high of $393.40. The company has a market capitalization of $11.82 billion, a P/E ratio of 29.75, a price-to-earnings-growth ratio of 2.48 and a beta of 1.03.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share (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%. On average, sell-side analysts anticipate that Curtiss-Wright will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The firm also recently disclosed 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. This represents a $0.84 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.96%.

Insider Activity at Curtiss-Wright

In other news, VP George P. Mcdonald sold 148 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total value of $48,160.68. Following the completion of the transaction, the vice president now directly owns 1,899 shares in the company, valued at approximately $617,953.59. This trade represents a 7.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John C. Watts sold 622 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $347.05, for a total transaction of $215,865.10. Following the sale, the vice president now directly owns 5,072 shares in the company, valued at $1,760,237.60. This trade represents a 10.92 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,797 shares of company stock worth $7,436,255. Corporate insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On Curtiss-Wright

A number of institutional investors have recently made changes to their positions in the stock. YANKCOM Partnership bought a new position in Curtiss-Wright in the fourth quarter valued at $31,000. Whipplewood Advisors LLC boosted its position in Curtiss-Wright by 1,566.7% during the 1st quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company’s stock valued at $32,000 after buying an additional 94 shares during the period. Minot DeBlois Advisors LLC bought a new stake in Curtiss-Wright in the 4th quarter worth $35,000. Ancora Advisors LLC purchased a new position in shares of Curtiss-Wright in the fourth quarter valued at about $49,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Curtiss-Wright during the third quarter valued at about $53,000. Institutional investors own 82.71% of the company’s stock.

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.