Several other research analysts also recently weighed in on CW. Bank of America upgraded Curtiss-Wright from a neutral rating to a buy rating and set a $136.00 target price on the stock in a research note on Monday, October 30th. Wells Fargo & Co upgraded Curtiss-Wright from a market perform rating to an outperform rating and set a $120.00 target price on the stock in a research note on Tuesday, January 16th. Zacks Investment Research upgraded Curtiss-Wright from a hold rating to a buy rating and set a $136.00 target price on the stock in a research note on Thursday, February 8th. Stifel Nicolaus boosted their target price on Curtiss-Wright from $117.00 to $124.00 and gave the stock a hold rating in a research note on Friday, October 27th. Finally, Seaport Global Securities restated a buy rating on shares of Curtiss-Wright in a research note on Friday, October 27th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has an average rating of Buy and a consensus price target of $133.29.
Shares of Curtiss-Wright (NYSE:CW) traded up $0.12 during trading hours on Thursday, hitting $136.03. The stock had a trading volume of 227,473 shares, compared to its average volume of 242,738. Curtiss-Wright has a twelve month low of $82.77 and a twelve month high of $137.93. The stock has a market cap of $6,001.06, a P/E ratio of 28.28, a PEG ratio of 2.00 and a beta of 1.24. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.37 and a quick ratio of 1.48.
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Thursday, March 29th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.60 dividend on an annualized basis and a yield of 0.44%. Curtiss-Wright’s dividend payout ratio is currently 12.47%.
In other Curtiss-Wright news, Director S Marce Fuller sold 1,300 shares of Curtiss-Wright stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $130.66, for a total transaction of $169,858.00. Following the completion of the sale, the director now owns 14,234 shares of the company’s stock, valued at approximately $1,859,814.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Albert E. Smith sold 1,700 shares of Curtiss-Wright stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $122.35, for a total value of $207,995.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,940 shares of company stock valued at $2,658,905. 1.10% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. MetLife Investment Advisors LLC acquired a new position in shares of Curtiss-Wright in the 4th quarter valued at about $5,856,000. Gotham Asset Management LLC lifted its holdings in shares of Curtiss-Wright by 344.0% in the 4th quarter. Gotham Asset Management LLC now owns 25,032 shares of the aerospace company’s stock valued at $3,050,000 after buying an additional 19,394 shares during the period. Verition Fund Management LLC acquired a new position in shares of Curtiss-Wright in the 4th quarter valued at about $281,000. Zeke Capital Advisors LLC acquired a new position in shares of Curtiss-Wright in the 4th quarter valued at about $243,000. Finally, Millennium Management LLC lifted its holdings in shares of Curtiss-Wright by 132.7% in the 4th quarter. Millennium Management LLC now owns 290,711 shares of the aerospace company’s stock valued at $35,423,000 after buying an additional 165,803 shares during the period. 75.55% of the stock is owned by institutional investors.
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Curtiss-Wright Company Profile
Curtiss-Wright Corporation is a manufacturing and service company that designs, manufactures, and overhauls precision components and provides engineered products and services to the aerospace, defense, power generation and general industrial markets. The Company operates through three segments: Commercial/Industrial, Defense and Power.
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