Analysts Set Curtiss-Wright Co. (NYSE:CW) PT at $379.00

Shares of Curtiss-Wright Co. (NYSE:CW) have earned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $379.00.

CW has been the subject of several research analyst reports. Morgan Stanley lifted their price objective on Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Alembic Global Advisors assumed coverage on shares of Curtiss-Wright in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price target for the company. Stifel Nicolaus downgraded shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price objective on the stock. in a research report on Monday, November 18th. StockNews.com cut shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. Finally, Truist Financial increased their price target on Curtiss-Wright from $304.00 to $333.00 and gave the company a “hold” rating in a report on Friday, November 1st.

Insiders Place Their Bets

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 7,129 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $368.80, for a total transaction of $2,629,175.20. Following the sale, the chief executive officer now directly owns 28,688 shares of the company’s stock, valued at $10,580,134.40. This trade represents a 19.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John C. Watts sold 412 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total value of $148,134.60. Following the completion of the transaction, the vice president now directly owns 4,183 shares of the company’s stock, valued at approximately $1,503,997.65. This trade represents a 8.97 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Tsfg LLC boosted its holdings in shares of Curtiss-Wright by 191.4% during 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. UMB Bank n.a. increased its holdings in shares of Curtiss-Wright by 303.8% in the third quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock worth $35,000 after purchasing an additional 79 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Curtiss-Wright in the third quarter worth about $53,000. Brooklyn Investment Group bought a new position in Curtiss-Wright during the third quarter valued at approximately $59,000. Finally, Quarry LP grew its holdings in Curtiss-Wright by 176.9% during the 2nd quarter. Quarry LP now owns 252 shares of the aerospace company’s stock valued at $68,000 after buying an additional 161 shares in the last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.

Curtiss-Wright Stock Performance

Shares of CW opened at $354.22 on Wednesday. The company has a market cap of $13.44 billion, a price-to-earnings ratio of 33.51, a P/E/G ratio of 2.96 and a beta of 1.18. The business’s fifty day simple moving average is $364.23 and its two-hundred day simple moving average is $319.66. Curtiss-Wright has a 12 month low of $212.05 and a 12 month high of $393.40. The company has a current ratio of 1.98, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39.

Curtiss-Wright Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 22nd were issued a $0.21 dividend. The ex-dividend date was Friday, November 22nd. This represents a $0.84 dividend on an annualized basis and a yield of 0.24%. Curtiss-Wright’s dividend payout ratio is currently 7.95%.

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.