Curtiss-Wright Corporation (NYSE:CW) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Curtiss-Wright Corporation (NYSE:CW) have earned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $773.6667.

A number of research firms have weighed in on CW. Citigroup upped their target price on Curtiss-Wright from $775.00 to $793.00 and gave the stock a “neutral” rating in a report on Wednesday, July 1st. Morgan Stanley restated an “overweight” rating and issued a $860.00 target price on shares of Curtiss-Wright in a research note on Wednesday, July 15th. Weiss Ratings cut Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday. Stifel Nicolaus increased their price objective on Curtiss-Wright from $724.00 to $768.00 and gave the stock a “hold” rating in a report on Monday, July 20th. Finally, Robert W. Baird set a $870.00 price objective on Curtiss-Wright in a research report on Friday, May 8th.

Insider Buying and Selling

In other Curtiss-Wright news, VP Gary A. Ogilby sold 399 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $721.95, for a total transaction of $288,058.05. Following the completion of the transaction, the vice president owned 2,172 shares of the company’s stock, valued at approximately $1,568,075.40. This trade represents a 15.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lynn M. Bamford sold 2,500 shares of Curtiss-Wright stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $721.72, for a total transaction of $1,804,300.00. Following the transaction, the chief executive officer owned 48,134 shares of the company’s stock, valued at $34,739,270.48. The trade was a 4.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 3,119 shares of company stock valued at $2,257,998 over the last quarter. Corporate insiders own 0.51% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CWM LLC increased its holdings in shares of Curtiss-Wright by 75.8% in the 4th quarter. CWM LLC now owns 18,425 shares of the aerospace company’s stock worth $10,157,000 after purchasing an additional 7,944 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Curtiss-Wright by 114.8% during the fourth quarter. Pacer Advisors Inc. now owns 10,759 shares of the aerospace company’s stock valued at $5,931,000 after purchasing an additional 5,749 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in shares of Curtiss-Wright during the fourth quarter valued at $1,104,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Curtiss-Wright by 39,282.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 64,587 shares of the aerospace company’s stock valued at $35,605,000 after buying an additional 64,423 shares during the last quarter. Finally, M&T Bank Corp increased its holdings in Curtiss-Wright by 5,993.0% in the 4th quarter. M&T Bank Corp now owns 77,868 shares of the aerospace company’s stock worth $42,926,000 after buying an additional 76,590 shares in the last quarter. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Trading Down 0.2%

Shares of CW opened at $690.27 on Monday. Curtiss-Wright has a 1-year low of $464.91 and a 1-year high of $808.16. The company has a current ratio of 1.60, a quick ratio of 1.12 and a debt-to-equity ratio of 0.27. The firm’s 50-day moving average price is $744.52 and its 200-day moving average price is $714.33. The firm has a market capitalization of $25.50 billion, a price-to-earnings ratio of 47.51, a PEG ratio of 3.16 and a beta of 0.87.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Wednesday, August 5th. The aerospace company reported $3.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.62 by $0.10. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. The company had revenue of $924.01 million during the quarter, compared to the consensus estimate of $926.17 million. During the same period in the prior year, the firm earned $3.23 earnings per share. Curtiss-Wright’s revenue was up 5.4% on a year-over-year basis. Curtiss-Wright has set its FY 2026 guidance at 15.100-15.400 EPS. Sell-side analysts anticipate that Curtiss-Wright will post 15.24 EPS for the current year.

Curtiss-Wright Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, June 15th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Monday, June 15th. Curtiss-Wright’s dividend payout ratio (DPR) is 7.16%.

About Curtiss-Wright

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.