Curtiss-Wright Corporation (NYSE:CW) Receives $562.83 Consensus Target Price from Brokerages

Curtiss-Wright Corporation (NYSE:CW) has earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $562.8333.

CW has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $625.00 price target on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Stifel Nicolaus raised their price objective on Curtiss-Wright from $457.00 to $502.00 and gave the stock a “hold” rating in a research note on Monday, October 20th. Morgan Stanley upped their target price on Curtiss-Wright from $565.00 to $645.00 and gave the company an “overweight” rating in a research report on Monday, November 10th. Truist Financial increased their price target on shares of Curtiss-Wright from $525.00 to $537.00 and gave the stock a “hold” rating in a report on Friday, November 7th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Curtiss-Wright in a research note on Monday, December 1st.

Curtiss-Wright Stock Down 1.1%

NYSE:CW opened at $543.88 on Wednesday. The company has a current ratio of 1.75, a quick ratio of 1.17 and a debt-to-equity ratio of 0.38. Curtiss-Wright has a twelve month low of $266.88 and a twelve month high of $612.28. The company has a market cap of $20.06 billion, a PE ratio of 44.33, a P/E/G ratio of 2.86 and a beta of 0.93. The company’s 50 day moving average is $558.46 and its two-hundred day moving average is $508.58.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Thursday, November 6th. The aerospace company reported $3.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.28 by $0.12. The business had revenue of $869.00 million during the quarter, compared to analysts’ expectations of $869.03 million. Curtiss-Wright had a net margin of 13.78% and a return on equity of 18.82%. The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the company posted $2.89 earnings per share. Analysts anticipate that Curtiss-Wright will post 12.32 EPS for the current year.

Curtiss-Wright Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, November 28th. Curtiss-Wright’s dividend payout ratio is presently 7.82%.

Hedge Funds Weigh In On Curtiss-Wright

A number of institutional investors have recently modified their holdings of CW. Allworth Financial LP boosted its stake in shares of Curtiss-Wright by 162.7% in the third quarter. Allworth Financial LP now owns 289 shares of the aerospace company’s stock worth $157,000 after buying an additional 179 shares during the last quarter. IFP Advisors Inc lifted its holdings in Curtiss-Wright by 3.5% in the third quarter. IFP Advisors Inc now owns 683 shares of the aerospace company’s stock valued at $372,000 after acquiring an additional 23 shares during the period. Swiss Life Asset Management Ltd boosted its position in Curtiss-Wright by 78.9% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 1,750 shares of the aerospace company’s stock worth $950,000 after purchasing an additional 772 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Curtiss-Wright by 3.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 185,218 shares of the aerospace company’s stock worth $100,567,000 after purchasing an additional 7,022 shares during the period. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of Curtiss-Wright during the 3rd quarter worth approximately $37,812,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Company Profile

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.