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

Shares of Curtiss-Wright Corporation (NYSE:CW) have received an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $605.50.

Several equities research analysts have commented on the stock. Citigroup boosted their price target on shares of Curtiss-Wright from $607.00 to $661.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $625.00 target price on shares of Curtiss-Wright in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Curtiss-Wright from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Stifel Nicolaus dropped their price target on Curtiss-Wright from $587.00 to $584.00 and set a “hold” rating on the stock in a report on Tuesday, December 16th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a research note on Monday, December 22nd.

Insiders Place Their Bets

In other Curtiss-Wright news, EVP John C. Watts sold 288 shares of the business’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $600.00, for a total transaction of $172,800.00. Following the sale, the executive vice president owned 3,188 shares in the company, valued at approximately $1,912,800. The trade was a 8.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders sold 513 shares of company stock valued at $302,586. Company insiders own 0.55% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Clearstead Advisors LLC increased its position in Curtiss-Wright by 1.6% during the third quarter. Clearstead Advisors LLC now owns 1,067 shares of the aerospace company’s stock worth $579,000 after buying an additional 17 shares during the last quarter. Mayflower Financial Advisors LLC increased its holdings in shares of Curtiss-Wright by 2.9% during the 4th quarter. Mayflower Financial Advisors LLC now owns 611 shares of the aerospace company’s stock worth $337,000 after acquiring an additional 17 shares during the last quarter. Miracle Mile Advisors LLC raised its stake in Curtiss-Wright by 1.8% in the 3rd quarter. Miracle Mile Advisors LLC now owns 1,020 shares of the aerospace company’s stock valued at $554,000 after acquiring an additional 18 shares during the period. Huntington National Bank lifted its holdings in Curtiss-Wright by 9.5% during the 3rd quarter. Huntington National Bank now owns 208 shares of the aerospace company’s stock valued at $113,000 after purchasing an additional 18 shares during the last quarter. Finally, Larson Financial Group LLC lifted its holdings in Curtiss-Wright by 53.8% during the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 21 shares during the last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.

Curtiss-Wright Stock Performance

Shares of NYSE CW opened at $663.07 on Thursday. Curtiss-Wright has a 1 year low of $266.88 and a 1 year high of $669.98. The firm has a market cap of $24.45 billion, a P/E ratio of 54.04, a PEG ratio of 2.96 and a beta of 0.95. The stock has a fifty day moving average price of $571.42 and a two-hundred day moving average price of $536.16. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.17 and a current ratio of 1.75.

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

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were given a $0.24 dividend. The ex-dividend date was Friday, November 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. Curtiss-Wright’s dividend payout ratio (DPR) is 7.82%.

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.