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

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

Several research firms have recently weighed in on CW. Truist Financial boosted 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. Deutsche Bank Aktiengesellschaft initiated coverage on Curtiss-Wright in a research note on Thursday, December 5th. They issued a “buy” rating and a $452.00 price objective for the company. Finally, Citigroup started coverage on shares of Curtiss-Wright in a research report on Tuesday, January 21st. They set a “buy” rating and a $410.00 target price on the stock.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, VP John C. Watts sold 622 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $347.05, for a total value of $215,865.10. Following the sale, the vice president now owns 5,072 shares of the company’s stock, valued at approximately $1,760,237.60. The trade was a 10.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP George P. Mcdonald sold 148 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total value of $48,160.68. Following the transaction, the vice president now directly owns 1,899 shares of the company’s stock, valued at approximately $617,953.59. This trade represents a 7.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have bought 116 shares of company stock worth $35,278 and have sold 21,797 shares worth $7,436,255. 0.67% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Curtiss-Wright

Several institutional investors have recently made changes to their positions in the stock. YANKCOM Partnership purchased a new stake in shares of Curtiss-Wright during the 4th quarter worth approximately $31,000. Minot DeBlois Advisors LLC purchased a new stake in Curtiss-Wright during the fourth quarter worth $35,000. Ancora Advisors LLC acquired a new stake in Curtiss-Wright in the fourth quarter valued at $49,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Curtiss-Wright in the third quarter valued at $53,000. Finally, Brooklyn Investment Group acquired a new position in shares of Curtiss-Wright during the 3rd quarter worth $59,000. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Curtiss-Wright Stock Performance

Shares of CW opened at $325.22 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39. Curtiss-Wright has a 52-week low of $246.43 and a 52-week high of $393.40. The stock has a 50 day moving average price of $335.14 and a 200 day moving average price of $346.14. The company has a market capitalization of $12.25 billion, a price-to-earnings ratio of 30.83, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15.

Curtiss-Wright (NYSE:CW) last posted its earnings results 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 net margin of 12.98% and a return on equity of 17.11%. Research analysts predict that Curtiss-Wright will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, March 27th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright’s dividend payout ratio (DPR) is presently 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.