Curtiss-Wright (CW) Coverage Initiated at Robert W. Baird
Robert W. Baird initiated coverage on shares of Curtiss-Wright (NYSE:CW) in a research report report published on Tuesday morning, Marketbeat.com reports. The firm issued an outperform rating and a $149.00 price objective on the aerospace company’s stock.
CW has been the subject of several other reports. BidaskClub raised shares of Curtiss-Wright from a sell rating to a hold rating in a report on Tuesday, August 8th. Zacks Investment Research lowered shares of Curtiss-Wright from a buy rating to a hold rating in a research note on Tuesday, August 15th. Stifel Nicolaus reissued a hold rating and set a $117.00 target price on shares of Curtiss-Wright in a research note on Tuesday, October 17th. Finally, Bank of America raised shares of Curtiss-Wright from a neutral rating to a buy rating and set a $136.00 price target for the company in a research note on Monday, October 30th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $129.86.
Curtiss-Wright (NYSE CW) traded down $0.83 during trading hours on Tuesday, hitting $122.31. 109,328 shares of the company traded hands, compared to its average volume of 203,796. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.08 and a quick ratio of 1.48. The firm has a market cap of $5,434.53, a price-to-earnings ratio of 25.76, a price-to-earnings-growth ratio of 2.10 and a beta of 1.26. Curtiss-Wright has a 1-year low of $82.77 and a 1-year high of $125.00.
The company also recently declared a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Wednesday, November 29th were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, November 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.49%. Curtiss-Wright’s dividend payout ratio is currently 12.45%.
In other Curtiss-Wright news, VP Paul J. Ferdenzi sold 2,340 shares of the business’s stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $108.00, for a total value of $252,720.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David Charles Adams sold 17,000 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $119.04, for a total transaction of $2,023,680.00. Following the completion of the sale, the chief executive officer now directly owns 70,570 shares of the company’s stock, valued at $8,400,652.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 60,488 shares of company stock worth $7,041,956. Company insiders own 1.10% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Neuberger Berman Group LLC increased its position in shares of Curtiss-Wright by 0.5% during the 2nd quarter. Neuberger Berman Group LLC now owns 3,297 shares of the aerospace company’s stock worth $303,000 after purchasing an additional 18 shares in the last quarter. World Asset Management Inc grew its holdings in Curtiss-Wright 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 acquiring an additional 33 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in Curtiss-Wright by 1.4% during the 2nd quarter. Teacher Retirement System of Texas now owns 3,386 shares of the aerospace company’s stock worth $311,000 after acquiring an additional 46 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of Curtiss-Wright by 0.5% in the 2nd quarter. Great West Life Assurance Co. Can now owns 26,530 shares of the aerospace company’s stock valued at $2,433,000 after purchasing an additional 126 shares during the last quarter. Finally, Campbell Newman Asset Management Inc. boosted its stake in shares of Curtiss-Wright by 4.8% in the 2nd quarter. Campbell Newman Asset Management Inc. now owns 2,890 shares of the aerospace company’s stock valued at $265,000 after purchasing an additional 132 shares during the last quarter. 77.46% of the stock is owned by institutional investors and hedge funds.
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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.
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