Curtiss-Wright Co. (NYSE:CW) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Curtiss-Wright Co. (NYSE:CW) have earned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $383.00.

Several brokerages have recently weighed in on CW. Alembic Global Advisors began coverage on Curtiss-Wright in a report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price target for the company. Truist Financial lifted their price objective on Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a report on Tuesday. Morgan Stanley lifted their price objective on Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. StockNews.com downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. Finally, Deutsche Bank Aktiengesellschaft started coverage on Curtiss-Wright in a report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price objective for the company.

Insider Activity

In other news, CEO Lynn M. Bamford sold 7,129 shares of Curtiss-Wright stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $368.80, for a total transaction of $2,629,175.20. Following the transaction, the chief executive officer now directly owns 28,688 shares of the company’s stock, valued at $10,580,134.40. The trade was a 19.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP John C. Watts sold 412 shares of Curtiss-Wright stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total value of $148,134.60. Following the transaction, the vice president now directly owns 4,183 shares in the company, valued at approximately $1,503,997.65. The trade was a 8.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have purchased a total of 116 shares of company stock valued at $35,278 in the last ninety days. Corporate insiders own 0.55% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Magnetar Financial LLC purchased a new position in Curtiss-Wright in the 2nd quarter worth approximately $3,025,000. MML Investors Services LLC lifted its holdings in Curtiss-Wright by 21.8% in the 3rd quarter. MML Investors Services LLC now owns 9,786 shares of the aerospace company’s stock worth $3,217,000 after purchasing an additional 1,754 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new position in Curtiss-Wright in the 3rd quarter worth approximately $542,000. Fisher Asset Management LLC lifted its holdings in Curtiss-Wright by 8.4% in the 3rd quarter. Fisher Asset Management LLC now owns 70,454 shares of the aerospace company’s stock worth $23,158,000 after purchasing an additional 5,437 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Curtiss-Wright by 9.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 119,142 shares of the aerospace company’s stock worth $39,161,000 after purchasing an additional 10,642 shares in the last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.

Curtiss-Wright Price Performance

Shares of NYSE:CW opened at $365.79 on Friday. Curtiss-Wright has a 1-year low of $217.57 and a 1-year high of $393.40. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.39. The business has a fifty day moving average price of $364.52 and a 200-day moving average price of $329.98. The company has a market capitalization of $13.88 billion, a PE ratio of 34.61, a PEG ratio of 2.51 and a beta of 1.19.

Curtiss-Wright Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 22nd were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.84 annualized dividend and a yield of 0.23%. Curtiss-Wright’s payout ratio is 7.95%.

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.