Alembic Global Advisors Begins Coverage on Curtiss-Wright (NYSE:CW)

Alembic Global Advisors assumed coverage on shares of Curtiss-Wright (NYSE:CW) in a research note issued to investors on Tuesday morning, MarketBeat Ratings reports. The brokerage issued an overweight rating and a $412.00 price objective on the aerospace company’s stock.

A number of other equities analysts also recently commented on CW. StockNews.com downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd. Robert W. Baird lifted their price target on Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Stifel Nicolaus upped their price objective on shares of Curtiss-Wright from $318.00 to $361.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Finally, Truist Financial lifted their target price on shares of Curtiss-Wright from $270.00 to $304.00 and gave the stock a “hold” rating in a research note on Friday, October 18th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $349.60.

Curtiss-Wright Price Performance

Shares of NYSE CW opened at $348.96 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.42 and a current ratio of 2.05. The firm has a market cap of $13.37 billion, a PE ratio of 33.01 and a beta of 1.18. Curtiss-Wright has a one year low of $198.45 and a one year high of $371.04. The firm has a fifty day moving average of $329.92 and a 200 day moving average of $294.96.

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

Curtiss-Wright Dividend Announcement

The firm also recently disclosed 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 dividend yield of 0.24%. The ex-dividend date of this dividend was Friday, September 27th. Curtiss-Wright’s payout ratio is 7.95%.

Insider Activity at Curtiss-Wright

In other news, Director Glenda J. Minor sold 500 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $302.80, for a total value of $151,400.00. Following the transaction, the director now directly owns 1,382 shares in the company, valued at approximately $418,469.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.67% of the stock is owned by insiders.

Institutional Investors Weigh In On Curtiss-Wright

Institutional investors and hedge funds have recently modified their holdings of the company. Atria Investments Inc grew its holdings in shares of Curtiss-Wright by 37.6% in the third quarter. Atria Investments Inc now owns 3,743 shares of the aerospace company’s stock valued at $1,230,000 after purchasing an additional 1,022 shares in the last quarter. Assetmark Inc. boosted its position in Curtiss-Wright by 9.8% in the 3rd quarter. Assetmark Inc. now owns 5,829 shares of the aerospace company’s stock valued at $1,916,000 after buying an additional 519 shares during the period. Portside Wealth Group LLC grew its stake in shares of Curtiss-Wright by 142.9% in the third quarter. Portside Wealth Group LLC now owns 2,116 shares of the aerospace company’s stock worth $696,000 after acquiring an additional 1,245 shares in the last quarter. Radnor Capital Management LLC acquired a new position in shares of Curtiss-Wright in the third quarter worth $2,347,000. Finally, Marks Group Wealth Management Inc purchased a new stake in shares of Curtiss-Wright during the third quarter worth $9,315,000. Hedge funds and other 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.