Analysts Set Curtiss-Wright Co. (NYSE:CW) PT at $343.80

Shares of Curtiss-Wright Co. (NYSE:CW) have earned a consensus recommendation of “Moderate Buy” from the five analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $343.80.

A number of equities research analysts recently weighed in on CW shares. Truist Financial raised their price objective on Curtiss-Wright from $270.00 to $304.00 and gave the company a “hold” rating in a research report on Friday, October 18th. Alembic Global Advisors began coverage on shares of Curtiss-Wright in a report on Tuesday. They issued an “overweight” rating and a $412.00 price target on the stock. Robert W. Baird lifted their price objective on shares of Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. StockNews.com cut shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd. Finally, 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 report on Wednesday, October 16th.

Curtiss-Wright Price Performance

Shares of CW stock opened at $344.92 on Tuesday. Curtiss-Wright has a twelve month low of $196.10 and a twelve month high of $371.04. The company has a current ratio of 2.05, a quick ratio of 1.42 and a debt-to-equity ratio of 0.39. The stock has a fifty day simple moving average of $329.14 and a two-hundred day simple moving average of $294.25. The stock has a market capitalization of $13.21 billion, a price-to-earnings ratio of 35.52 and a beta of 1.18.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.43. The company had revenue of $785.00 million during the quarter, compared to analyst estimates of $735.82 million. Curtiss-Wright had a net margin of 13.05% and a return on equity of 17.07%. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.15 earnings per share. On average, analysts predict that Curtiss-Wright will post 10.56 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.24%. The ex-dividend date was Friday, September 27th. Curtiss-Wright’s payout ratio is 8.65%.

Insider Buying and Selling

In other news, Director Glenda J. Minor sold 500 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $302.80, for a total value of $151,400.00. Following the sale, the director now directly owns 1,382 shares of the company’s stock, valued at $418,469.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On Curtiss-Wright

Institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC lifted its stake in shares of Curtiss-Wright by 1,414.4% in the 1st quarter. SG Americas Securities LLC now owns 16,038 shares of the aerospace company’s stock valued at $4,105,000 after purchasing an additional 14,979 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Curtiss-Wright by 38.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 76,283 shares of the aerospace company’s stock worth $19,524,000 after acquiring an additional 21,074 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Curtiss-Wright during the 2nd quarter valued at about $41,383,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Curtiss-Wright in the 1st quarter valued at about $5,007,000. Finally, Cetera Advisors LLC increased its stake in shares of Curtiss-Wright by 178.7% in the 1st quarter. Cetera Advisors LLC now owns 3,974 shares of the aerospace company’s stock valued at $1,017,000 after purchasing an additional 2,548 shares in the last quarter. Institutional investors and hedge funds 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.