Curtiss-Wright (NYSE:CW) Given New $272.00 Price Target at Stifel Nicolaus

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

Several other brokerages have also recently issued reports on CW. Truist Financial reissued a hold rating and issued a $240.00 target price (down from $250.00) on shares of Curtiss-Wright in a research report on Monday, March 25th. Robert W. Baird raised their price objective on Curtiss-Wright from $246.00 to $300.00 and gave the stock an outperform rating in a research note on Monday, April 8th. Finally, StockNews.com downgraded Curtiss-Wright from a strong-buy rating to a buy rating in a research note on Tuesday, March 26th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $260.25.

Curtiss-Wright Trading Down 0.1 %

Shares of NYSE:CW opened at $249.74 on Wednesday. The stock has a market capitalization of $9.56 billion, a price-to-earnings ratio of 27.15 and a beta of 1.18. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.50 and a current ratio of 2.13. The stock’s 50-day simple moving average is $243.79 and its two-hundred day simple moving average is $224.00. Curtiss-Wright has a 52-week low of $157.72 and a 52-week high of $261.46.

Curtiss-Wright (NYSE:CW) last announced its earnings results on Thursday, February 15th. The aerospace company reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $0.24. The business 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 business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the firm posted $2.92 earnings per share. Analysts expect that Curtiss-Wright will post 10.16 EPS for the current year.

Curtiss-Wright Announces Dividend

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

Insider Transactions at Curtiss-Wright

In other news, VP Paul J. Ferdenzi sold 2,500 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $240.00, for a total value of $600,000.00. Following the completion of the transaction, the vice president now owns 17,383 shares in the company, valued at approximately $4,171,920. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, VP Paul J. Ferdenzi sold 2,500 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $240.00, for a total transaction of $600,000.00. Following the completion of the transaction, the vice president now owns 17,383 shares in the company, valued at approximately $4,171,920. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO K Christopher Farkas sold 925 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $243.55, for a total value of $225,283.75. Following the transaction, the chief financial officer now owns 10,052 shares of the company’s stock, valued at approximately $2,448,164.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,451 shares of company stock worth $3,030,512. 0.55% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Curtiss-Wright

A number of institutional investors and hedge funds have recently bought and sold shares of CW. Contravisory Investment Management Inc. bought a new stake in Curtiss-Wright during the 4th quarter valued at $25,000. First Horizon Advisors Inc. raised its position in shares of Curtiss-Wright by 1,100.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 144 shares of the aerospace company’s stock worth $28,000 after acquiring an additional 132 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of Curtiss-Wright in the 2nd quarter worth $28,000. Montag A & Associates Inc. raised its position in shares of Curtiss-Wright by 67.0% in the 3rd quarter. Montag A & Associates Inc. now owns 152 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 61 shares in the last quarter. Finally, FSC Wealth Advisors LLC bought a new position in shares of Curtiss-Wright in the 3rd quarter worth $32,000. 82.71% of the stock is owned by institutional investors.

About Curtiss-Wright

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.