Curtiss-Wright (NYSE:CW) Price Target Increased to $310.00 by Analysts at Stifel Nicolaus

Curtiss-Wright (NYSE:CW) had its price objective boosted by Stifel Nicolaus from $293.00 to $310.00 in a research report released on Wednesday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the aerospace company’s stock.

Several other equities research analysts have also issued reports on CW. Robert W. Baird raised their target price on shares of Curtiss-Wright from $246.00 to $300.00 and gave the stock an outperform rating in a report on Monday, April 8th. Truist Financial raised their target price on shares of Curtiss-Wright from $240.00 to $252.00 and gave the stock a hold rating in a report on Friday, May 3rd. StockNews.com upgraded shares of Curtiss-Wright from a buy rating to a strong-buy rating in a report on Sunday, May 5th. Finally, Morgan Stanley lifted their price objective on shares of Curtiss-Wright from $260.00 to $284.00 and gave the company an overweight rating in a report on Friday, May 3rd. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Curtiss-Wright has an average rating of Buy and an average target price of $302.50.

Curtiss-Wright Price Performance

CW stock opened at $280.71 on Wednesday. Curtiss-Wright has a 52 week low of $157.85 and a 52 week high of $286.23. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.40. The company has a fifty day simple moving average of $260.47 and a two-hundred day simple moving average of $236.65. The firm has a market capitalization of $10.75 billion, a P/E ratio of 28.91 and a beta of 1.18.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, May 1st. The aerospace company reported $1.99 EPS for the quarter, beating the consensus estimate of $1.75 by $0.24. Curtiss-Wright had a net margin of 12.78% and a return on equity of 16.79%. The business had revenue of $713.17 million during the quarter, compared to analyst estimates of $664.01 million. During the same quarter last year, the business earned $1.53 earnings per share. Curtiss-Wright’s quarterly revenue was up 13.0% compared to the same quarter last year. Analysts anticipate that Curtiss-Wright will post 10.27 earnings per share for the current fiscal year.

Curtiss-Wright Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Monday, June 17th will be issued a dividend of $0.21 per share. This is a positive change from Curtiss-Wright’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, June 17th. This represents a $0.84 dividend on an annualized basis and a yield of 0.30%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 8.24%.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, CFO K Christopher Farkas sold 925 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $243.55, for a total transaction of $225,283.75. Following the transaction, the chief financial officer now owns 10,052 shares of the company’s stock, valued at approximately $2,448,164.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Curtiss-Wright news, VP Paul J. Ferdenzi sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $240.00, for a total transaction of $600,000.00. Following the transaction, the vice president now owns 17,383 shares of the company’s stock, valued at approximately $4,171,920. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO K Christopher Farkas sold 925 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $243.55, for a total transaction of $225,283.75. Following the transaction, the chief financial officer now directly owns 10,052 shares in the company, valued at approximately $2,448,164.60. The disclosure for this sale can be found here. Insiders sold 12,451 shares of company stock worth $3,030,512 in the last 90 days. 0.67% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Sequoia Financial Advisors LLC grew its position in Curtiss-Wright by 1.7% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,685 shares of the aerospace company’s stock worth $687,000 after purchasing an additional 45 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in Curtiss-Wright by 53.6% during the 4th quarter. Venturi Wealth Management LLC now owns 149 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 52 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in Curtiss-Wright by 2.5% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,176 shares of the aerospace company’s stock valued at $557,000 after acquiring an additional 53 shares during the period. Signaturefd LLC lifted its stake in Curtiss-Wright by 18.4% during the 3rd quarter. Signaturefd LLC now owns 366 shares of the aerospace company’s stock valued at $72,000 after acquiring an additional 57 shares during the period. Finally, Montag A & Associates Inc. lifted its stake in Curtiss-Wright by 67.0% during the 3rd quarter. Montag A & Associates Inc. now owns 152 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 61 shares during the period. Hedge funds and other institutional investors own 82.71% of the company’s stock.

About Curtiss-Wright

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.