Curtiss-Wright Co. (NYSE:CW) Receives $343.80 Average Price Target from Analysts

Curtiss-Wright Co. (NYSE:CW) has received a consensus rating of “Moderate Buy” from the five research firms that are covering the firm, Marketbeat Ratings reports. One equities research 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 brokers that have issued ratings on the stock in the last year is $349.60.

Several equities analysts have issued reports on CW shares. Robert W. Baird upped their price objective on shares of Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. StockNews.com cut shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. Stifel Nicolaus upped their target price 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. Alembic Global Advisors began coverage on shares of Curtiss-Wright in a report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price target for the company. Finally, Truist Financial increased their price target on shares of Curtiss-Wright from $304.00 to $333.00 and gave the stock a “hold” rating in a report on Friday.

Curtiss-Wright Stock Performance

Shares of CW stock opened at $350.01 on Tuesday. The company has a current ratio of 1.98, a quick ratio of 1.42 and a debt-to-equity ratio of 0.39. The firm has a fifty day moving average price of $329.92 and a 200 day moving average price of $295.59. The company has a market cap of $13.41 billion, a P/E ratio of 33.11 and a beta of 1.17. Curtiss-Wright has a 12 month low of $203.22 and a 12 month high of $371.04.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Wednesday, August 7th. The aerospace company reported $2.67 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 17.21%. The firm had revenue of $785.00 million during the quarter, compared to the consensus estimate of $735.82 million. During the same quarter in the previous year, the firm posted $2.15 earnings per share. The company’s revenue was up 11.4% compared to the same quarter last year. Sell-side analysts predict that Curtiss-Wright will post 10.6 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.84 annualized dividend and a yield of 0.24%. Curtiss-Wright’s payout ratio is currently 7.95%.

Insiders Place Their Bets

In other Curtiss-Wright news, Director Glenda J. Minor sold 500 shares of Curtiss-Wright 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 completion of the sale, the director now directly owns 1,382 shares of the company’s stock, valued at approximately $418,469.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.67% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Curtiss-Wright

A number of institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC raised its stake in shares of Curtiss-Wright by 7.8% in the 3rd 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 raised its stake in shares of 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 purchasing an additional 45 shares in the last quarter. CIBC Asset Management Inc raised its stake in shares of Curtiss-Wright by 4.5% in the 2nd quarter. CIBC Asset Management Inc now owns 1,066 shares of the aerospace company’s stock valued at $289,000 after purchasing an additional 46 shares in the last quarter. Dorsey Wright & Associates raised its stake in shares of Curtiss-Wright by 0.4% in the 2nd quarter. Dorsey Wright & Associates now owns 13,002 shares of the aerospace company’s stock valued at $3,523,000 after purchasing an additional 47 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its stake in shares of Curtiss-Wright by 2.5% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,176 shares of the aerospace company’s stock valued at $557,000 after purchasing an additional 53 shares in the last quarter. Institutional investors and hedge funds 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.