Curtiss-Wright Corporation (CW) Receives $110.50 Consensus PT from Analysts
Curtiss-Wright Corporation (NYSE:CW) has earned an average rating of “Hold” from the eight research firms that are currently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $110.50.
A number of equities analysts recently weighed in on CW shares. Zacks Investment Research downgraded shares of Curtiss-Wright Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, September 5th. Stifel Nicolaus started coverage on shares of Curtiss-Wright Corporation in a report on Monday, September 18th. They set a “hold” rating and a $100.00 target price on the stock.
Curtiss-Wright Corporation (NYSE CW) traded up 0.11% during mid-day trading on Wednesday, hitting $113.33. 85,010 shares of the company traded hands. The stock has a market capitalization of $5.00 billion, a price-to-earnings ratio of 25.71 and a beta of 1.25. Curtiss-Wright Corporation has a one year low of $82.77 and a one year high of $113.81. The company’s 50-day moving average is $102.74 and its 200-day moving average is $94.68.
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 Zacks’ consensus estimate of $0.97 by $0.16. The business had revenue of $567.70 million for the quarter, compared to the consensus estimate of $546.73 million. Curtiss-Wright Corporation had a net margin of 9.14% and a return on equity of 14.79%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.88 earnings per share. Analysts predict that Curtiss-Wright Corporation will post $4.54 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, October 6th will be issued a $0.15 dividend. This is an increase from Curtiss-Wright Corporation’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a dividend yield of 0.53%. The ex-dividend date is Thursday, October 5th. Curtiss-Wright Corporation’s payout ratio is currently 13.61%.
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In other Curtiss-Wright Corporation news, VP Paul J. Ferdenzi sold 6,907 shares of the company’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $106.18, for a total value of $733,385.26. Following the transaction, the vice president now directly owns 19,467 shares in the company, valued at $2,067,006.06. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director S Marce Fuller sold 1,300 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $96.16, for a total transaction of $125,008.00. Following the completion of the transaction, the director now owns 14,960 shares in the company, valued at $1,438,553.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,198 shares of company stock worth $1,405,374. Corporate insiders own 1.10% of the company’s stock.
Several large investors have recently added to or reduced their stakes in CW. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Curtiss-Wright Corporation by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,656 shares of the aerospace company’s stock valued at $152,000 after purchasing an additional 143 shares during the last quarter. Harbour Capital Advisors LLC increased its holdings in shares of Curtiss-Wright Corporation by 93.2% in the second quarter. Harbour Capital Advisors LLC now owns 16,520 shares of the aerospace company’s stock valued at $180,000 after purchasing an additional 7,970 shares during the last quarter. Burney Co. acquired a new position in shares of Curtiss-Wright Corporation in the second quarter valued at $203,000. Public Employees Retirement System of Ohio increased its holdings in shares of Curtiss-Wright Corporation by 12.0% in the second quarter. Public Employees Retirement System of Ohio now owns 2,392 shares of the aerospace company’s stock valued at $220,000 after purchasing an additional 256 shares during the last quarter. Finally, Tudor Investment Corp ET AL acquired a new position in shares of Curtiss-Wright Corporation in the first quarter valued at $233,000. Hedge funds and other institutional investors own 76.18% of the company’s stock.
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.
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