Curtiss-Wright (NYSE:CW) PT Raised to $304.00

Curtiss-Wright (NYSE:CW) had its price objective lifted by Truist Financial from $270.00 to $304.00 in a report released on Friday morning, Marketbeat.com reports. They currently have a hold rating on the aerospace company’s stock.

Other analysts have also issued research reports about the company. StockNews.com lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. Stifel Nicolaus lifted their price target on shares of Curtiss-Wright from $318.00 to $361.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, Robert W. Baird raised their target price on shares of Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $326.75.

Curtiss-Wright Trading Down 0.1 %

CW opened at $364.14 on Friday. The company has a quick ratio of 1.42, a current ratio of 2.05 and a debt-to-equity ratio of 0.39. The stock has a market cap of $13.95 billion, a PE ratio of 37.50 and a beta of 1.18. The business has a 50 day moving average of $320.07 and a 200-day moving average of $288.71. Curtiss-Wright has a 52 week low of $194.46 and a 52 week high of $367.55.

Curtiss-Wright (NYSE:CW) last issued its quarterly 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. Curtiss-Wright had a return on equity of 17.07% and a net margin of 13.05%. The firm had revenue of $785.00 million for the quarter, compared to analysts’ expectations of $735.82 million. During the same period in the previous year, the firm posted $2.15 EPS. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. Equities research analysts predict that Curtiss-Wright will post 10.56 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.23%. Curtiss-Wright’s dividend payout ratio is currently 8.65%.

Insider Activity

In other news, Director Glenda J. Minor sold 500 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $302.80, for a total transaction of $151,400.00. Following the transaction, the director now owns 1,382 shares of the company’s stock, valued at approximately $418,469.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CW. Versant Capital Management Inc boosted its holdings in shares of Curtiss-Wright by 5,050.0% in the second quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 101 shares during the period. GPS Wealth Strategies Group LLC purchased a new position in Curtiss-Wright in the second quarter worth $30,000. EverSource Wealth Advisors LLC increased its position in 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 buying an additional 116 shares in the last quarter. Tsfg LLC raised its position in shares of Curtiss-Wright by 191.4% in the 3rd quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock valued at $34,000 after purchasing an additional 67 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of Curtiss-Wright by 303.8% during the third 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 period. Hedge funds and other institutional investors own 82.71% of the company’s stock.

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.