Curtiss-Wright Co. (NYSE:CW) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Curtiss-Wright Co. (NYSE:CW) have been given a consensus rating of “Moderate Buy” by the seven analysts that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $386.86.

A number of research firms recently weighed in on CW. Stifel Nicolaus downgraded Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target on the stock. in a research note on Monday, November 18th. Citigroup began coverage on Curtiss-Wright in a research note on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price target on the stock. Deutsche Bank Aktiengesellschaft began coverage on Curtiss-Wright in a research note on Thursday, December 5th. They issued a “buy” rating and a $452.00 price target on the stock. Finally, Truist Financial lifted their price target on Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a research note on Tuesday, January 14th.

Curtiss-Wright Trading Up 0.3 %

Shares of CW stock opened at $314.45 on Monday. The business’s 50 day moving average is $343.61 and its two-hundred day moving average is $345.16. Curtiss-Wright has a twelve month low of $236.31 and a twelve month high of $393.40. The company has a market capitalization of $11.84 billion, a P/E ratio of 29.81, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39.

Curtiss-Wright (NYSE:CW) last announced its 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 return on equity of 17.11% and a net margin of 12.98%. Equities analysts forecast that Curtiss-Wright will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, March 27th will be issued a $0.21 dividend. The ex-dividend date is Thursday, March 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.27%. Curtiss-Wright’s dividend payout ratio (DPR) is 7.96%.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 8,289 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $346.87, for a total transaction of $2,875,205.43. Following the completion of the sale, the chief executive officer now owns 38,905 shares of the company’s stock, valued at approximately $13,494,977.35. The trade was a 17.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul J. Ferdenzi sold 1,907 shares of the business’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $346.98, for a total value of $661,690.86. Following the sale, the insider now directly owns 18,405 shares of the company’s stock, valued at approximately $6,386,166.90. This trade represents a 9.39 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders purchased 116 shares of company stock valued at $35,278 and sold 23,064 shares valued at $8,157,322. Insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On Curtiss-Wright

Several institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank purchased a new position in Curtiss-Wright in the fourth quarter valued at about $201,856,000. William Blair Investment Management LLC purchased a new position in Curtiss-Wright in the fourth quarter valued at about $132,626,000. TimesSquare Capital Management LLC boosted its holdings in Curtiss-Wright by 1,773.1% in the fourth quarter. TimesSquare Capital Management LLC now owns 176,072 shares of the aerospace company’s stock valued at $62,483,000 after purchasing an additional 166,672 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Curtiss-Wright by 170.2% in the fourth quarter. Principal Financial Group Inc. now owns 259,435 shares of the aerospace company’s stock valued at $92,065,000 after purchasing an additional 163,433 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Curtiss-Wright by 90.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 338,506 shares of the aerospace company’s stock valued at $118,961,000 after purchasing an additional 160,395 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.