Curtiss-Wright Corporation (NYSE:CW) has received a consensus rating of “Hold” from the seven brokerages that are currently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $107.75.

CW has been the topic of a number of research analyst reports. Zacks Investment Research raised Curtiss-Wright Corporation from a “hold” rating to a “buy” rating and set a $108.00 price target on the stock in a report on Thursday, September 7th. SunTrust Banks, Inc. raised Curtiss-Wright Corporation from a “hold” rating to a “buy” rating and raised their price target for the company from $103.00 to $112.00 in a report on Monday, June 5th.

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Shares of Curtiss-Wright Corporation (CW) traded up 1.15% during trading on Friday, reaching $100.98. 561,493 shares of the company’s stock traded hands. The company has a 50 day moving average of $96.56 and a 200-day moving average of $93.01. Curtiss-Wright Corporation has a 1-year low of $82.77 and a 1-year high of $107.61. The company has a market capitalization of $4.46 billion, a price-to-earnings ratio of 22.91 and a beta of 1.26.

Curtiss-Wright Corporation (NYSE:CW) last issued its earnings results on Wednesday, July 26th. The aerospace company reported $1.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.16. Curtiss-Wright Corporation had a return on equity of 14.79% and a net margin of 9.14%. The firm had revenue of $567.70 million for the quarter, compared to analyst estimates of $546.73 million. During the same period last year, the company earned $0.88 earnings per share. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. Equities analysts predict that Curtiss-Wright Corporation will post $4.55 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, October 6th will be issued a dividend of $0.15 per share. This is a positive change from Curtiss-Wright Corporation’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date is Thursday, October 5th. Curtiss-Wright Corporation’s payout ratio is presently 11.79%.

In related news, Director S Marce Fuller sold 1,300 shares of Curtiss-Wright Corporation stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $96.16, for a total transaction of $125,008.00. Following the transaction, the director now directly owns 14,960 shares of the company’s stock, valued at $1,438,553.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.10% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in Curtiss-Wright Corporation by 0.6% during the second quarter. BlackRock Inc. now owns 5,130,026 shares of the aerospace company’s stock worth $470,833,000 after acquiring an additional 30,422 shares during the period. Vanguard Group Inc. grew its holdings in Curtiss-Wright Corporation by 10.2% during the first quarter. Vanguard Group Inc. now owns 3,583,354 shares of the aerospace company’s stock worth $327,018,000 after acquiring an additional 331,982 shares during the period. State Street Corp grew its holdings in Curtiss-Wright Corporation by 5.8% during the second quarter. State Street Corp now owns 1,776,207 shares of the aerospace company’s stock worth $163,017,000 after acquiring an additional 97,137 shares during the period. Northern Trust Corp grew its holdings in Curtiss-Wright Corporation by 1.5% during the second quarter. Northern Trust Corp now owns 1,241,364 shares of the aerospace company’s stock worth $113,933,000 after acquiring an additional 17,769 shares during the period. Finally, AQR Capital Management LLC grew its holdings in Curtiss-Wright Corporation by 38.5% during the first quarter. AQR Capital Management LLC now owns 1,024,532 shares of the aerospace company’s stock worth $93,499,000 after acquiring an additional 285,005 shares during the period. 76.62% of the stock is currently owned by hedge funds and other institutional investors.

About Curtiss-Wright Corporation

Curtiss-Wright Corporation is a manufacturing and service company that designs, manufactures, and overhauls precision components and provides engineered products and services to the aerospace, defense, power generation and general industrial markets. The Company operates through three segments: Commercial/Industrial, Defense and Power.

Analyst Recommendations for Curtiss-Wright Corporation (NYSE:CW)

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