Curtiss-Wright Corporation (NYSE:CW) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Curtiss-Wright Corporation (NYSE:CW) have been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $663.1667.

A number of research firms have commented on CW. Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a research note on Monday, December 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $748.00 price objective on shares of Curtiss-Wright in a research note on Tuesday, February 17th. Citigroup lifted their target price on shares of Curtiss-Wright from $661.00 to $718.00 and gave the company a “neutral” rating in a research note on Friday, February 13th. Truist Financial set a $603.00 target price on shares of Curtiss-Wright in a report on Friday, January 9th. Finally, Stifel Nicolaus increased their price target on Curtiss-Wright from $625.00 to $650.00 and gave the stock a “hold” rating in a research note on Friday, February 13th.

Curtiss-Wright Stock Performance

Shares of CW opened at $680.54 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.44 and a debt-to-equity ratio of 0.30. The business has a 50-day simple moving average of $662.19 and a two-hundred day simple moving average of $583.52. The stock has a market cap of $25.09 billion, a price-to-earnings ratio of 52.88, a PEG ratio of 3.37 and a beta of 0.91. Curtiss-Wright has a 52 week low of $266.88 and a 52 week high of $730.12.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share for the quarter, beating analysts’ consensus estimates of $3.66 by $0.13. The firm had revenue of $946.98 million for the quarter, compared to analysts’ expectations of $890.14 million. Curtiss-Wright had a return on equity of 19.28% and a net margin of 13.84%.The business’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the firm earned $3.27 EPS. On average, analysts expect that Curtiss-Wright will post 12.32 EPS for the current year.

Curtiss-Wright Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Thursday, March 26th will be given a dividend of $0.24 per share. The ex-dividend date is Thursday, March 26th. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.46%.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, VP Robert F. Freda sold 418 shares of the stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $626.95, for a total transaction of $262,065.10. Following the completion of the sale, the vice president directly owned 5,187 shares of the company’s stock, valued at $3,251,989.65. This trade represents a 7.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO K Christopher Farkas sold 2,665 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $626.33, for a total transaction of $1,669,169.45. Following the sale, the chief financial officer owned 7,358 shares in the company, valued at approximately $4,608,536.14. The trade was a 26.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 17,269 shares of company stock worth $10,797,098 in the last three months. Corporate insiders own 0.55% of the company’s stock.

Institutional Trading of Curtiss-Wright

A number of institutional investors and hedge funds have recently bought and sold shares of CW. Atlantic Union Bankshares Corp purchased a new stake in Curtiss-Wright in the 3rd quarter worth $26,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Curtiss-Wright in the second quarter worth about $27,000. Penserra Capital Management LLC purchased a new stake in shares of Curtiss-Wright in the second quarter worth about $29,000. Cary Street Partners Investment Advisory LLC bought a new position in Curtiss-Wright during the fourth quarter valued at approximately $31,000. Finally, Larson Financial Group LLC grew its holdings in Curtiss-Wright by 53.8% during the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock valued at $33,000 after buying an additional 21 shares in the last quarter. 82.71% of the stock is currently owned by institutional investors.

About Curtiss-Wright

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.