Shares of Curtiss-Wright Corp. (NYSE:CW) have been given an average rating of “Hold” by the nine analysts that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $135.67.

A number of equities research analysts have recently issued reports on CW shares. Bank of America cut Curtiss-Wright from a “buy” rating to a “neutral” rating and set a $135.00 price objective for the company. in a report on Friday, March 1st. They noted that the move was a valuation call. Robert W. Baird boosted their price objective on Curtiss-Wright from $123.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, February 28th. ValuEngine upgraded Curtiss-Wright from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, Zacks Investment Research restated a “buy” rating and set a $111.00 price objective on shares of Curtiss-Wright in a report on Monday, December 31st.

In other Curtiss-Wright news, CFO Glenn E. Tynan sold 3,553 shares of the business’s stock in a transaction that occurred on Thursday, February 7th. The shares were sold at an average price of $114.96, for a total transaction of $408,452.88. Following the completion of the transaction, the chief financial officer now directly owns 58,353 shares in the company, valued at $6,708,260.88. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO David Charles Adams sold 9,944 shares of the business’s stock in a transaction that occurred on Thursday, February 7th. The shares were sold at an average price of $115.01, for a total transaction of $1,143,659.44. Following the transaction, the chief executive officer now owns 97,093 shares of the company’s stock, valued at $11,166,665.93. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,681 shares of company stock valued at $2,765,880. 0.90% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Utah Retirement Systems raised its position in Curtiss-Wright by 1.2% during the fourth quarter. Utah Retirement Systems now owns 8,200 shares of the aerospace company’s stock valued at $837,000 after purchasing an additional 100 shares in the last quarter. Campbell Newman Asset Management Inc. raised its position in Curtiss-Wright by 2.4% during the first quarter. Campbell Newman Asset Management Inc. now owns 5,321 shares of the aerospace company’s stock valued at $603,000 after purchasing an additional 124 shares in the last quarter. Cardinal Capital Management raised its position in Curtiss-Wright by 1.8% during the fourth quarter. Cardinal Capital Management now owns 8,787 shares of the aerospace company’s stock valued at $897,000 after purchasing an additional 156 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Curtiss-Wright by 7.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,805 shares of the aerospace company’s stock valued at $286,000 after purchasing an additional 183 shares in the last quarter. Finally, Virginia Retirement Systems ET AL raised its position in Curtiss-Wright by 2.7% during the fourth quarter. Virginia Retirement Systems ET AL now owns 7,500 shares of the aerospace company’s stock valued at $766,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 77.13% of the company’s stock.

Shares of NYSE:CW traded up $1.86 during trading on Monday, reaching $112.39. 203,310 shares of the stock were exchanged, compared to its average volume of 303,320. Curtiss-Wright has a 12 month low of $95.23 and a 12 month high of $143.38. The stock has a market cap of $4.81 billion, a PE ratio of 17.64, a P/E/G ratio of 2.32 and a beta of 1.27. The company has a quick ratio of 1.34, a current ratio of 1.96 and a debt-to-equity ratio of 0.50.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Tuesday, February 26th. The aerospace company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.15. Curtiss-Wright had a return on equity of 17.91% and a net margin of 11.43%. The company had revenue of $648.62 million during the quarter, compared to analysts’ expectations of $688.52 million. During the same quarter in the previous year, the company posted $1.52 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. Equities research analysts expect that Curtiss-Wright will post 6.92 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Wednesday, March 27th. Curtiss-Wright’s dividend payout ratio (DPR) is currently 9.42%.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation, together with its subsidiaries, designs, manufactures, and overhauls precision components, and engineered products and services primarily to the aerospace, defense, general industrial, and power generation markets worldwide. The company operates through three segments: Commercial/Industrial, Defense, and Power.

See Also: Cost of Equity For A Business, Investors

Analyst Recommendations for Curtiss-Wright (NYSE:CW)

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