Curtiss-Wright (NYSE:CW) PT Raised to $272.00

Curtiss-Wright (NYSE:CW) had its price objective raised by Stifel Nicolaus from $255.00 to $272.00 in a report published on Wednesday morning, Benzinga reports. Stifel Nicolaus currently has a buy rating on the aerospace company’s stock.

Several other research analysts have also recently weighed in on CW. StockNews.com cut Curtiss-Wright from a strong-buy rating to a buy rating in a research report on Tuesday, March 26th. Robert W. Baird raised their price target on Curtiss-Wright from $246.00 to $300.00 and gave the stock an outperform rating in a research report on Monday, April 8th. Finally, Truist Financial restated a hold rating and issued a $240.00 price target (down previously from $250.00) on shares of Curtiss-Wright in a research report on Monday, March 25th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Buy and a consensus target price of $260.25.

Curtiss-Wright Stock Up 0.7 %

CW stock opened at $250.24 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.13 and a quick ratio of 1.50. The stock has a market capitalization of $9.58 billion, a price-to-earnings ratio of 27.20 and a beta of 1.18. The business’s fifty day moving average price is $244.66 and its two-hundred day moving average price is $224.57. Curtiss-Wright has a fifty-two week low of $157.72 and a fifty-two week high of $261.46.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Thursday, February 15th. The aerospace company reported $3.16 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.24. The firm had revenue of $785.79 million for the quarter, compared to analysts’ expectations of $737.09 million. Curtiss-Wright had a return on equity of 16.61% and a net margin of 12.46%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the business earned $2.92 EPS. On average, equities analysts anticipate that Curtiss-Wright will post 10.16 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.32%. The ex-dividend date of this dividend was Wednesday, March 27th. Curtiss-Wright’s dividend payout ratio (DPR) is presently 8.70%.

Insider Activity at Curtiss-Wright

In related news, CFO K Christopher Farkas sold 2,736 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $240.16, for a total value of $657,077.76. Following the sale, the chief financial officer now directly owns 9,172 shares of the company’s stock, valued at $2,202,747.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Lynn M. Bamford sold 2,620 shares of Curtiss-Wright stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $243.60, for a total transaction of $638,232.00. Following the sale, the chief executive officer now directly owns 35,773 shares of the company’s stock, valued at $8,714,302.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO K Christopher Farkas sold 2,736 shares of Curtiss-Wright stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $240.16, for a total value of $657,077.76. Following the sale, the chief financial officer now directly owns 9,172 shares in the company, valued at $2,202,747.52. The disclosure for this sale can be found here. Insiders have sold 12,451 shares of company stock valued at $3,030,512 over the last ninety days. 0.67% of the stock is owned by corporate insiders.

Institutional Trading of Curtiss-Wright

Hedge funds have recently made changes to their positions in the company. Contravisory Investment Management Inc. acquired a new stake in shares of Curtiss-Wright during the fourth quarter valued at about $25,000. Creekmur Asset Management LLC acquired a new position in shares of Curtiss-Wright in the fourth quarter worth approximately $32,000. First Horizon Advisors Inc. lifted its stake in shares of Curtiss-Wright by 1,100.0% in the third quarter. First Horizon Advisors Inc. now owns 144 shares of the aerospace company’s stock worth $28,000 after acquiring an additional 132 shares during the period. Venturi Wealth Management LLC lifted its stake in shares of Curtiss-Wright by 53.6% in the fourth quarter. Venturi Wealth Management LLC now owns 149 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 52 shares during the period. Finally, Montag A & Associates Inc. lifted its stake in shares of Curtiss-Wright by 67.0% in the third quarter. Montag A & Associates Inc. now owns 152 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 61 shares during the period. 82.71% of the stock is owned by institutional investors and hedge funds.

Curtiss-Wright Company Profile

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.