Analysts Set Curtiss-Wright Co. (NYSE:CW) PT at $386.86

Curtiss-Wright Co. (NYSE:CW) has been assigned a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $386.86.

Several research analysts have weighed in on the stock. Stifel Nicolaus cut shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target on the stock. in a report on Monday, November 18th. Alembic Global Advisors assumed coverage on shares of Curtiss-Wright in a report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price target on the stock. Citigroup initiated coverage on shares of Curtiss-Wright in a report on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price target on the stock. Morgan Stanley increased their target price on shares of Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Curtiss-Wright in a research report on Thursday, December 5th. They set a “buy” rating and a $452.00 target price on the stock.

Curtiss-Wright Stock Down 2.5 %

Shares of CW stock opened at $341.92 on Thursday. The stock has a market cap of $12.98 billion, a price-to-earnings ratio of 32.35, a PEG ratio of 2.50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 1.98. Curtiss-Wright has a 52-week low of $225.33 and a 52-week high of $393.40. The firm’s 50-day moving average is $358.44 and its 200-day moving average is $341.03.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share for the quarter, beating the consensus estimate of $3.12 by $0.15. Curtiss-Wright had a net margin of 13.20% and a return on equity of 17.21%. Sell-side analysts predict that Curtiss-Wright will post 10.72 EPS for the current year.

Curtiss-Wright Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Thursday, March 27th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.84 annualized dividend and a dividend yield of 0.25%. Curtiss-Wright’s dividend payout ratio is 7.95%.

Insider Buying and Selling

In related news, insider Paul J. Ferdenzi sold 1,907 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $346.98, for a total transaction of $661,690.86. Following the sale, the insider now owns 18,405 shares in the company, valued at approximately $6,386,166.90. This trade represents a 9.39 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP John C. Watts sold 622 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $347.05, for a total transaction of $215,865.10. Following the sale, the vice president now owns 5,072 shares in the company, valued at $1,760,237.60. This represents a 10.92 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 116 shares of company stock worth $35,278 and have sold 23,064 shares worth $8,157,322. 0.67% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Curtiss-Wright

Several institutional investors and hedge funds have recently added to or reduced their stakes in CW. YANKCOM Partnership bought a new position in Curtiss-Wright in the 4th quarter valued at approximately $31,000. Tsfg LLC lifted its stake in Curtiss-Wright by 191.4% in the 3rd quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock valued at $34,000 after purchasing an additional 67 shares during the last quarter. UMB Bank n.a. lifted its stake in Curtiss-Wright by 303.8% in the 3rd quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock valued at $35,000 after purchasing an additional 79 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Curtiss-Wright in the 3rd quarter valued at approximately $53,000. Finally, Brooklyn Investment Group bought a new position in Curtiss-Wright in the 3rd quarter valued at approximately $59,000. Institutional investors own 82.71% of the company’s stock.

About Curtiss-Wright

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.