Brokerages Set Curtiss-Wright Co. (NYSE:CW) Target Price at $343.80

Curtiss-Wright Co. (NYSE:CW) has been assigned a consensus rating of “Moderate Buy” from the five analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $349.60.

CW has been the topic of a number of analyst reports. Truist Financial increased their price objective on Curtiss-Wright from $304.00 to $333.00 and gave the company a “hold” rating in a report on Friday. Alembic Global Advisors began coverage on shares of Curtiss-Wright in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price target on the stock. Robert W. Baird boosted their price objective on shares of Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. StockNews.com downgraded shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. Finally, Stifel Nicolaus boosted their target price on shares of Curtiss-Wright from $318.00 to $361.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th.

Insider Activity at Curtiss-Wright

In related news, Director Glenda J. Minor sold 500 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $302.80, for a total value of $151,400.00. Following the completion of the sale, the director now owns 1,382 shares in the company, valued at approximately $418,469.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On Curtiss-Wright

A number of institutional investors have recently bought and sold shares of the business. Signaturefd LLC boosted its holdings in Curtiss-Wright by 7.8% during the third quarter. Signaturefd LLC now owns 401 shares of the aerospace company’s stock valued at $132,000 after purchasing an additional 29 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in Curtiss-Wright by 1.7% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,685 shares of the aerospace company’s stock valued at $687,000 after buying an additional 45 shares in the last quarter. CIBC Asset Management Inc grew its position in Curtiss-Wright by 4.5% in the second quarter. CIBC Asset Management Inc now owns 1,066 shares of the aerospace company’s stock valued at $289,000 after acquiring an additional 46 shares during the period. Dorsey Wright & Associates raised its stake in Curtiss-Wright by 0.4% during the second quarter. Dorsey Wright & Associates now owns 13,002 shares of the aerospace company’s stock worth $3,523,000 after acquiring an additional 47 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Curtiss-Wright by 2.5% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 2,176 shares of the aerospace company’s stock valued at $557,000 after acquiring an additional 53 shares during the period. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Stock Performance

CW stock opened at $348.82 on Tuesday. The company has a market capitalization of $13.36 billion, a price-to-earnings ratio of 33.00 and a beta of 1.18. The firm has a 50 day moving average of $329.92 and a two-hundred day moving average of $294.96. The company has a quick ratio of 1.42, a current ratio of 2.05 and a debt-to-equity ratio of 0.39. Curtiss-Wright has a 12 month low of $198.45 and a 12 month high of $371.04.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.24 by $0.43. Curtiss-Wright had a net margin of 13.20% and a return on equity of 17.39%. The firm had revenue of $785.00 million during the quarter, compared to analysts’ expectations of $735.82 million. During the same period in the prior year, the company posted $2.15 earnings per share. Curtiss-Wright’s revenue for the quarter was up 11.4% on a year-over-year basis. As a group, equities analysts anticipate that Curtiss-Wright will post 10.58 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date was Friday, September 27th. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.95%.

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.