Brokerages Set Curtiss-Wright Co. (NYSE:CW) Target Price at $364.40

Curtiss-Wright Co. (NYSE:CW) has been assigned a consensus rating of “Moderate Buy” from the five brokerages that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $364.40.

A number of research firms have recently commented on CW. Truist Financial boosted their price objective on Curtiss-Wright from $304.00 to $333.00 and gave the company a “hold” rating in a research report on Friday, November 1st. StockNews.com downgraded shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. Alembic Global Advisors started coverage on shares of Curtiss-Wright in a research note on Tuesday, October 29th. They set an “overweight” rating and a $412.00 target price for the company. Morgan Stanley raised their price target on shares of Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Finally, Robert W. Baird boosted their price objective on Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th.

Curtiss-Wright Price Performance

Shares of Curtiss-Wright stock opened at $373.80 on Friday. The firm has a market cap of $14.18 billion, a PE ratio of 35.36 and a beta of 1.17. The business has a 50-day moving average price of $353.48 and a 200 day moving average price of $309.50. The company has a quick ratio of 1.39, a current ratio of 1.98 and a debt-to-equity ratio of 0.39. Curtiss-Wright has a twelve month low of $211.41 and a twelve month high of $393.40.

Curtiss-Wright Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Friday, November 22nd will be issued a $0.21 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.84 dividend on an annualized basis and a yield of 0.22%. Curtiss-Wright’s payout ratio is 7.95%.

Insider Activity

In other news, VP John C. Watts sold 412 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total transaction of $148,134.60. Following the transaction, the vice president now owns 4,183 shares of the company’s stock, valued at approximately $1,503,997.65. The trade was a 8.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.67% of the company’s stock.

Institutional Trading of Curtiss-Wright

Several institutional investors have recently made changes to their positions in CW. Versant Capital Management Inc increased its stake in Curtiss-Wright by 5,050.0% during the second quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company’s stock worth $28,000 after acquiring an additional 101 shares during the last quarter. GPS Wealth Strategies Group LLC acquired a new stake in shares of Curtiss-Wright during the 2nd quarter worth about $30,000. EverSource Wealth Advisors LLC lifted its position in Curtiss-Wright by 1,933.3% in the first quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company’s stock valued at $31,000 after buying an additional 116 shares during the last quarter. Tsfg LLC boosted its stake in Curtiss-Wright by 191.4% during the third quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock worth $34,000 after buying an additional 67 shares during the period. Finally, UMB Bank n.a. increased its position in shares of Curtiss-Wright by 303.8% during the third quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock valued at $35,000 after acquiring an additional 79 shares during the last quarter. 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.