Curtiss-Wright (CW) Now Covered by Analysts at Robert W. Baird
Robert W. Baird began coverage on shares of Curtiss-Wright (NYSE:CW) in a report published on Tuesday. The firm issued an outperform rating and a $149.00 price target on the aerospace company’s stock.
Other analysts also recently issued reports about the company. Zacks Investment Research downgraded Curtiss-Wright from a buy rating to a hold rating in a research report on Tuesday, September 12th. BidaskClub upgraded Curtiss-Wright from a sell rating to a hold rating in a research report on Tuesday, August 8th. Stifel Nicolaus reiterated a hold rating and set a $117.00 target price on shares of Curtiss-Wright in a research report on Tuesday, October 17th. SunTrust Banks reiterated a buy rating and set a $128.00 target price on shares of Curtiss-Wright in a research report on Friday, October 20th. Finally, Seaport Global Securities reiterated a buy rating on shares of Curtiss-Wright in a research report on Friday, October 27th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Curtiss-Wright currently has an average rating of Buy and an average target price of $129.86.
Shares of Curtiss-Wright (NYSE:CW) traded up $1.48 on Tuesday, reaching $122.54. The company had a trading volume of 259,200 shares, compared to its average volume of 245,489. The company has a market capitalization of $5,342.30, a P/E ratio of 25.33, a PEG ratio of 2.06 and a beta of 1.26. Curtiss-Wright has a 12 month low of $82.77 and a 12 month high of $125.00. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.48 and a current ratio of 2.08.
Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.21. The company had revenue of $567.90 million during the quarter, compared to the consensus estimate of $539.28 million. Curtiss-Wright had a return on equity of 15.60% and a net margin of 9.70%. Curtiss-Wright’s revenue was up 12.0% on a year-over-year basis. During the same period last year, the company earned $1.02 earnings per share. sell-side analysts anticipate that Curtiss-Wright will post 4.75 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 29th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, November 28th. This represents a $0.60 annualized dividend and a dividend yield of 0.49%. Curtiss-Wright’s dividend payout ratio (DPR) is 12.45%.
In other news, CFO Glenn E. Tynan sold 7,918 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $120.00, for a total transaction of $950,160.00. Following the transaction, the chief financial officer now owns 47,925 shares in the company, valued at $5,751,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John B. Nathman sold 1,300 shares of the firm’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $117.28, for a total value of $152,464.00. Following the transaction, the director now owns 4,155 shares in the company, valued at approximately $487,298.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 60,488 shares of company stock valued at $7,041,956. Corporate insiders own 1.10% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio increased its stake in shares of Curtiss-Wright by 816.8% during the third quarter. Public Employees Retirement System of Ohio now owns 21,931 shares of the aerospace company’s stock valued at $2,293,000 after buying an additional 19,539 shares during the period. Algert Global LLC purchased a new position in shares of Curtiss-Wright during the third quarter valued at $2,170,000. Dean Investment Associates LLC purchased a new position in shares of Curtiss-Wright during the third quarter valued at $687,000. California Public Employees Retirement System increased its stake in shares of Curtiss-Wright by 4.1% during the third quarter. California Public Employees Retirement System now owns 76,529 shares of the aerospace company’s stock valued at $8,000,000 after buying an additional 3,029 shares during the period. Finally, Jane Street Group LLC purchased a new position in shares of Curtiss-Wright during the third quarter valued at $591,000. Hedge funds and other institutional investors own 77.46% of the company’s stock.
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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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