Morgan Stanley Raises Curtiss-Wright (NYSE:CW) Price Target to $284.00

Curtiss-Wright (NYSE:CW) had its price target hoisted by Morgan Stanley from $260.00 to $284.00 in a research note published on Friday, Benzinga reports. They currently have an overweight rating on the aerospace company’s stock.

Other equities analysts have also issued reports about the stock. Stifel Nicolaus boosted their price target on shares of Curtiss-Wright from $255.00 to $272.00 and gave the stock a buy rating in a research report on Wednesday, April 17th. StockNews.com lowered shares of Curtiss-Wright from a strong-buy rating to a buy rating in a research report on Saturday, April 27th. Truist Financial boosted their price target on shares of Curtiss-Wright from $240.00 to $252.00 and gave the stock a hold rating in a research report on Friday. Finally, Robert W. Baird boosted their price target on shares of Curtiss-Wright from $246.00 to $300.00 and gave the stock an outperform rating in a research report on Monday, April 8th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of Buy and a consensus target price of $277.00.

Curtiss-Wright Stock Up 2.0 %

Shares of NYSE CW opened at $268.17 on Friday. The company’s 50-day simple moving average is $248.98 and its 200-day simple moving average is $228.63. Curtiss-Wright has a 52-week low of $157.72 and a 52-week high of $269.00. The firm has a market cap of $10.27 billion, a price-to-earnings ratio of 27.62 and a beta of 1.18. 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 earnings results on Wednesday, May 1st. The aerospace company reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.24. Curtiss-Wright had a net margin of 12.78% and a return on equity of 16.79%. The business had revenue of $713.17 million for the quarter, compared to analyst estimates of $664.01 million. During the same quarter last year, the business earned $1.53 earnings per share. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. Equities analysts predict that Curtiss-Wright will post 10.27 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

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

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, VP Paul J. Ferdenzi sold 2,500 shares of the business’s stock in a transaction dated 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 approximately $3,985,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Lynn M. Bamford sold 2,620 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $243.60, for a total value of $638,232.00. Following the sale, the chief executive officer now directly owns 35,773 shares of the company’s stock, valued at approximately $8,714,302.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Paul J. Ferdenzi sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were 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 directly owns 15,942 shares in the company, valued at $3,985,500. The disclosure for this sale can be found here. Insiders have sold 12,451 shares of company stock worth $3,030,512 in the last ninety days. 0.67% of the stock is owned by insiders.

Institutional Investors Weigh In On Curtiss-Wright

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Commonwealth Equity Services LLC increased its stake in Curtiss-Wright by 13.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 15,716 shares of the aerospace company’s stock worth $3,075,000 after buying an additional 1,836 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in Curtiss-Wright by 10.1% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 6,158 shares of the aerospace company’s stock worth $1,205,000 after buying an additional 566 shares during the period. Dakota Wealth Management purchased a new stake in Curtiss-Wright during the 3rd quarter worth approximately $243,000. Raymond James & Associates increased its stake in Curtiss-Wright by 14.6% during the 3rd quarter. Raymond James & Associates now owns 44,434 shares of the aerospace company’s stock worth $8,693,000 after buying an additional 5,669 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Curtiss-Wright by 0.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,411 shares of the aerospace company’s stock worth $1,450,000 after buying an additional 59 shares during the period. 82.71% of the stock is owned by hedge funds and other institutional investors.

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.