Brokerages Set Curtiss-Wright Co. (NYSE:CW) Target Price at $343.80

Curtiss-Wright Co. (NYSE:CW) has been assigned an average rating of “Moderate Buy” from the five research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $349.60.

A number of brokerages have issued reports on CW. StockNews.com downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd. Truist Financial upped their price objective on Curtiss-Wright from $304.00 to $333.00 and gave the company a “hold” rating in a research report on Friday. Robert W. Baird upped their price objective on Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Stifel Nicolaus upped their price objective on Curtiss-Wright from $318.00 to $361.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Finally, Alembic Global Advisors started coverage on Curtiss-Wright in a research report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price objective on the stock.

Insider Activity

In related news, Director Glenda J. Minor sold 500 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $302.80, for a total value of $151,400.00. Following the completion of the transaction, the director now owns 1,382 shares in the company, valued at $418,469.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On Curtiss-Wright

A number of institutional investors have recently modified their holdings of CW. Versant Capital Management Inc grew its position in shares of Curtiss-Wright by 5,050.0% during the 2nd quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company’s stock valued at $28,000 after acquiring an additional 101 shares during the period. GPS Wealth Strategies Group LLC acquired a new stake in shares of Curtiss-Wright during the 2nd quarter valued at about $30,000. EverSource Wealth Advisors LLC grew its position in shares of Curtiss-Wright by 1,933.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company’s stock valued at $31,000 after acquiring an additional 116 shares during the period. Tsfg LLC boosted its holdings in Curtiss-Wright by 191.4% in the 3rd quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock worth $34,000 after buying an additional 67 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in Curtiss-Wright by 303.8% in the 3rd quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock worth $35,000 after buying an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Stock Performance

NYSE CW opened at $350.01 on Tuesday. The firm has a market cap of $13.41 billion, a price-to-earnings ratio of 33.11 and a beta of 1.17. The company has a quick ratio of 1.42, a current ratio of 1.98 and a debt-to-equity ratio of 0.39. The business has a 50-day moving average price of $329.92 and a 200-day moving average price of $295.59. Curtiss-Wright has a twelve month low of $203.22 and a twelve month high of $371.04.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Wednesday, August 7th. The aerospace company reported $2.67 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.43. The company had revenue of $785.00 million for the quarter, compared to the consensus estimate of $735.82 million. Curtiss-Wright had a return on equity of 17.21% and a net margin of 13.20%. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.15 earnings per share. As a group, equities research analysts predict that Curtiss-Wright will post 10.6 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.84 annualized dividend and a dividend yield of 0.24%. Curtiss-Wright’s dividend payout ratio is presently 7.95%.

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.