Curtiss-Wright (NYSE:CW) Upgraded by StockNews.com to “Strong-Buy”

StockNews.com upgraded shares of Curtiss-Wright (NYSE:CW) from a buy rating to a strong-buy rating in a research report report published on Sunday morning.

CW has been the subject of several other research reports. Morgan Stanley upped their price target on Curtiss-Wright from $260.00 to $284.00 and gave the stock an overweight rating in a research note on Friday, May 3rd. Truist Financial raised their target price on shares of Curtiss-Wright from $240.00 to $252.00 and gave the stock a hold rating in a research note on Friday, May 3rd. Robert W. Baird boosted their price target on shares of Curtiss-Wright from $246.00 to $300.00 and gave the stock an outperform rating in a research note on Monday, April 8th. Finally, Stifel Nicolaus raised their price objective on shares of Curtiss-Wright from $255.00 to $272.00 and gave the company a buy rating in a research report on Wednesday, April 17th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Curtiss-Wright currently has an average rating of Buy and a consensus target price of $277.00.

Curtiss-Wright Stock Up 1.1 %

CW stock opened at $276.59 on Friday. Curtiss-Wright has a 12 month low of $157.85 and a 12 month high of $279.79. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.02 and a quick ratio of 1.38. The company has a market cap of $10.59 billion, a price-to-earnings ratio of 28.49 and a beta of 1.18. The company has a fifty day moving average price of $250.50 and a 200 day moving average price of $229.82.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Wednesday, May 1st. The aerospace company reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.24. The firm had revenue of $713.17 million for the quarter, compared to analyst estimates of $664.01 million. Curtiss-Wright had a return on equity of 16.79% and a net margin of 12.78%. The business’s revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the company posted $1.53 earnings per share. Sell-side analysts expect that Curtiss-Wright will post 10.27 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $0.20 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.29%. Curtiss-Wright’s dividend payout ratio is presently 8.24%.

Insider Buying and Selling

In related news, CFO K Christopher Farkas sold 2,736 shares of the company’s stock in a transaction that occurred on 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 owns 9,172 shares in the company, valued at approximately $2,202,747.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, VP Paul J. Ferdenzi sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $250.00, for a total transaction of $625,000.00. Following the completion of the transaction, the vice president now directly owns 15,942 shares of the company’s stock, valued at approximately $3,985,500. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO K Christopher Farkas sold 2,736 shares of the business’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $240.16, for a total value of $657,077.76. Following the completion of the transaction, the chief financial officer now directly owns 9,172 shares of the company’s stock, valued at $2,202,747.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,451 shares of company stock valued at $3,030,512. Corporate insiders own 0.55% of the company’s stock.

Institutional Investors Weigh In On Curtiss-Wright

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Inspire Investing LLC boosted its position in shares of Curtiss-Wright by 9.5% in the first quarter. Inspire Investing LLC now owns 8,439 shares of the aerospace company’s stock worth $2,160,000 after acquiring an additional 730 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of Curtiss-Wright in the 1st quarter valued at $5,007,000. Susquehanna International Group Ltd. acquired a new position in shares of Curtiss-Wright in the 1st quarter valued at $229,000. Tectonic Advisors LLC grew its stake in shares of Curtiss-Wright by 6.3% during the 1st quarter. Tectonic Advisors LLC now owns 1,570 shares of the aerospace company’s stock valued at $402,000 after buying an additional 93 shares during the period. Finally, Valliance Asset Management Ltd acquired a new stake in shares of Curtiss-Wright during the 1st quarter worth $1,126,000. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

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.