Curtiss-Wright Co. (NYSE:CW) Receives $386.86 Consensus PT from Analysts

Shares of Curtiss-Wright Co. (NYSE:CW) have been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $386.86.

Several research analysts have recently weighed in on CW shares. Citigroup started coverage on Curtiss-Wright in a research report on Tuesday, January 21st. They set a “buy” rating and a $410.00 price objective for the company. Truist Financial upped their price target on Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Curtiss-Wright in a report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price objective on the stock.

Insider Activity

In other news, CEO Lynn M. Bamford sold 8,289 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $346.87, for a total value of $2,875,205.43. Following the sale, the chief executive officer now directly owns 38,905 shares of the company’s stock, valued at approximately $13,494,977.35. This represents a 17.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul J. Ferdenzi sold 1,907 shares of Curtiss-Wright stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $346.98, for a total value of $661,690.86. Following the transaction, the insider now owns 18,405 shares of the company’s stock, valued at $6,386,166.90. The trade was a 9.39 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 116 shares of company stock valued at $35,278 and sold 21,797 shares valued at $7,436,255. 0.67% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Curtiss-Wright

A number of large investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Curtiss-Wright in the fourth quarter valued at $201,856,000. William Blair Investment Management LLC acquired a new position in Curtiss-Wright in the 4th quarter valued at about $132,626,000. TimesSquare Capital Management LLC grew its stake in Curtiss-Wright by 1,773.1% in the 4th quarter. TimesSquare Capital Management LLC now owns 176,072 shares of the aerospace company’s stock valued at $62,483,000 after buying an additional 166,672 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Curtiss-Wright by 170.2% in the 4th quarter. Principal Financial Group Inc. now owns 259,435 shares of the aerospace company’s stock valued at $92,065,000 after acquiring an additional 163,433 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in Curtiss-Wright by 90.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 338,506 shares of the aerospace company’s stock worth $118,961,000 after acquiring an additional 160,395 shares during the last quarter. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Stock Performance

Shares of CW opened at $316.74 on Friday. The firm has a market cap of $11.93 billion, a P/E ratio of 30.02, a PEG ratio of 2.48 and a beta of 1.15. Curtiss-Wright has a twelve month low of $246.43 and a twelve month high of $393.40. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69. The firm’s 50 day moving average price is $334.14 and its two-hundred day moving average price is $346.94.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 EPS for the quarter, beating the consensus estimate of $3.12 by $0.15. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. On average, analysts forecast that Curtiss-Wright will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, March 27th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date is Thursday, March 27th. Curtiss-Wright’s dividend payout ratio is currently 7.96%.

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.