Curtiss-Wright Corporation (CW) Earns “Hold” Rating from Stifel Nicolaus
Stifel Nicolaus reiterated their hold rating on shares of Curtiss-Wright Corporation (NYSE:CW) in a research report report published on Tuesday. They currently have a $117.00 price objective on the aerospace company’s stock.
Several other equities analysts have also commented on CW. BidaskClub raised shares of Curtiss-Wright Corporation from a sell rating to a hold rating in a report on Tuesday, August 8th. Zacks Investment Research lowered shares of Curtiss-Wright Corporation from a buy rating to a hold rating in a report on Tuesday, August 15th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $120.40.
Curtiss-Wright Corporation (NYSE:CW) traded up 0.88% during mid-day trading on Tuesday, reaching $114.17. 33,858 shares of the company were exchanged. The stock has a market capitalization of $5.04 billion, a price-to-earnings ratio of 25.90 and a beta of 1.25. Curtiss-Wright Corporation has a 12-month low of $82.77 and a 12-month high of $114.92. The company’s 50 day moving average price is $104.52 and its 200-day moving average price is $95.26.
Curtiss-Wright Corporation (NYSE:CW) last released its earnings results on Wednesday, July 26th. The aerospace company reported $1.13 EPS for the quarter, beating the consensus estimate of $0.97 by $0.16. Curtiss-Wright Corporation had a net margin of 9.14% and a return on equity of 14.79%. The firm had revenue of $567.70 million for the quarter, compared to analyst estimates of $546.73 million. During the same period last year, the firm earned $0.88 EPS. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, equities research analysts forecast that Curtiss-Wright Corporation will post $4.55 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, October 6th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, October 5th. This is a positive change from Curtiss-Wright Corporation’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a dividend yield of 0.53%. Curtiss-Wright Corporation’s payout ratio is 13.61%.
In related news, VP Paul J. Ferdenzi sold 6,907 shares of Curtiss-Wright Corporation stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $106.18, for a total transaction of $733,385.26. Following the sale, the vice president now directly owns 19,467 shares of the company’s stock, valued at approximately $2,067,006.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Paul J. Ferdenzi sold 2,340 shares of Curtiss-Wright Corporation stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $108.00, for a total transaction of $252,720.00. The disclosure for this sale can be found here. Insiders have sold a total of 13,198 shares of company stock worth $1,405,374 over the last ninety days. 1.10% of the stock is currently owned by insiders.
Institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Curtiss-Wright Corporation by 9.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,656 shares of the aerospace company’s stock worth $152,000 after buying an additional 143 shares during the period. Burney Co. acquired a new stake in Curtiss-Wright Corporation during the 2nd quarter worth approximately $203,000. Public Employees Retirement System of Ohio boosted its position in Curtiss-Wright Corporation by 12.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,392 shares of the aerospace company’s stock worth $220,000 after buying an additional 256 shares during the period. Tudor Investment Corp ET AL acquired a new stake in Curtiss-Wright Corporation during the 1st quarter worth approximately $233,000. Finally, World Asset Management Inc boosted its position in Curtiss-Wright Corporation by 1.2% during the 2nd quarter. World Asset Management Inc now owns 2,749 shares of the aerospace company’s stock worth $252,000 after buying an additional 33 shares during the period. 76.18% of the stock is currently owned by institutional investors.
About Curtiss-Wright Corporation
Curtiss-Wright Corporation is a manufacturing and service company that designs, manufactures, and overhauls precision components and provides engineered products and services to the aerospace, defense, power generation and general industrial markets. The Company operates through three segments: Commercial/Industrial, Defense and Power.
Receive News & Stock Ratings for Curtiss-Wright Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Curtiss-Wright Corporation and related stocks with our FREE daily email newsletter.