Curtiss-Wright (NYSE:CW) Price Target Increased to $310.00 by Analysts at Stifel Nicolaus

Curtiss-Wright (NYSE:CW) had its price target increased by Stifel Nicolaus from $293.00 to $310.00 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.

CW has been the subject of several other reports. Robert W. Baird raised their price target on Curtiss-Wright from $246.00 to $300.00 and gave the company an outperform rating in a report on Monday, April 8th. Morgan Stanley raised their price target on Curtiss-Wright from $260.00 to $284.00 and gave the company an overweight rating in a report on Friday, May 3rd. StockNews.com raised Curtiss-Wright from a buy rating to a strong-buy rating in a report on Sunday, May 5th. Finally, Truist Financial boosted their target price on Curtiss-Wright from $240.00 to $252.00 and gave the stock a hold rating in a research report on Friday, May 3rd. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Curtiss-Wright currently has an average rating of Buy and an average target price of $291.00.

Curtiss-Wright Trading Down 1.7 %

Shares of CW stock opened at $280.37 on Wednesday. The business’s 50 day moving average is $258.89 and its two-hundred day moving average is $235.62. Curtiss-Wright has a twelve month low of $157.85 and a twelve month high of $286.23. The company has a market capitalization of $10.74 billion, a P/E ratio of 28.87 and a beta of 1.18. The company has a current ratio of 2.02, a quick ratio of 1.38 and a debt-to-equity ratio of 0.40.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Wednesday, May 1st. The aerospace company reported $1.99 EPS for the quarter, beating the consensus estimate of $1.75 by $0.24. The business had revenue of $713.17 million during the quarter, compared to analysts’ expectations of $664.01 million. Curtiss-Wright had a return on equity of 16.79% and a net margin of 12.78%. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period last year, the firm earned $1.53 EPS. Equities analysts forecast that Curtiss-Wright will post 10.31 EPS for the current year.

Curtiss-Wright Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Monday, June 17th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.30%. This is a boost from Curtiss-Wright’s previous quarterly dividend of $0.20. The ex-dividend date is Monday, June 17th. Curtiss-Wright’s dividend payout ratio is presently 8.24%.

Insider Activity at Curtiss-Wright

In related news, CFO K Christopher Farkas sold 925 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $243.55, for a total value of $225,283.75. Following the sale, the chief financial officer now directly owns 10,052 shares of the company’s stock, valued at approximately $2,448,164.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Curtiss-Wright news, CFO K Christopher Farkas sold 925 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $243.55, for a total transaction of $225,283.75. Following the sale, the chief financial officer now directly owns 10,052 shares of the company’s stock, valued at approximately $2,448,164.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Paul J. Ferdenzi sold 2,500 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $250.00, for a total transaction of $625,000.00. Following the sale, the vice president now directly owns 15,942 shares in the company, valued at $3,985,500. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,451 shares of company stock valued at $3,030,512. Insiders own 0.55% of the company’s stock.

Institutional Investors Weigh In On Curtiss-Wright

Hedge funds have recently modified their holdings of the company. Fifth Third Bancorp boosted its position in shares of Curtiss-Wright by 8.3% in the third quarter. Fifth Third Bancorp now owns 825 shares of the aerospace company’s stock worth $161,000 after acquiring an additional 63 shares during the last quarter. Private Advisor Group LLC acquired a new stake in shares of Curtiss-Wright in the third quarter worth approximately $213,000. Signaturefd LLC boosted its position in shares of Curtiss-Wright by 18.4% in the third quarter. Signaturefd LLC now owns 366 shares of the aerospace company’s stock worth $72,000 after acquiring an additional 57 shares during the last quarter. NBC Securities Inc. acquired a new stake in shares of Curtiss-Wright in the third quarter worth approximately $174,000. Finally, Los Angeles Capital Management LLC raised its holdings in Curtiss-Wright by 729.1% in the third quarter. Los Angeles Capital Management LLC now owns 20,428 shares of the aerospace company’s stock valued at $3,996,000 after buying an additional 17,964 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.