StockNews.com Downgrades Curtiss-Wright (NYSE:CW) to Buy

StockNews.com cut shares of Curtiss-Wright (NYSE:CW) from a strong-buy rating to a buy rating in a research note released on Tuesday.

Several other brokerages also recently issued reports on CW. Stifel Nicolaus upped their price target on shares of Curtiss-Wright from $244.00 to $255.00 and gave the stock a buy rating in a research report on Friday, February 16th. Truist Financial restated a hold rating and set a $240.00 target price (down from $250.00) on shares of Curtiss-Wright in a research report on Monday, March 25th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $238.00.

Curtiss-Wright Stock Up 0.9 %

Shares of NYSE CW opened at $255.94 on Tuesday. The firm’s 50-day simple moving average is $236.37 and its 200 day simple moving average is $219.00. The company has a market cap of $9.80 billion, a price-to-earnings ratio of 27.82 and a beta of 1.17. The company has a quick ratio of 1.50, a current ratio of 2.13 and a debt-to-equity ratio of 0.45. Curtiss-Wright has a 12-month low of $157.72 and a 12-month high of $257.37.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Thursday, February 15th. The aerospace company reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $0.24. The business had revenue of $785.79 million for the quarter, compared to the consensus estimate of $737.09 million. Curtiss-Wright had a net margin of 12.46% and a return on equity of 16.61%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.92 EPS. On average, research analysts expect that Curtiss-Wright will post 10.16 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, March 27th. This represents a $0.80 dividend on an annualized basis and a yield of 0.31%. Curtiss-Wright’s payout ratio is presently 8.70%.

Insider Buying and Selling at Curtiss-Wright

In other news, VP Paul J. Ferdenzi sold 2,500 shares of the company’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $250.00, for a total value of $625,000.00. Following the completion of the sale, the vice president now directly owns 15,942 shares of the company’s stock, valued at approximately $3,985,500. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, VP Paul J. Ferdenzi sold 2,500 shares of the company’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $250.00, for a total value of $625,000.00. Following the completion of the sale, the vice president now directly owns 15,942 shares of the company’s stock, valued at approximately $3,985,500. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Lynn M. Bamford sold 2,620 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $243.60, for a total value of $638,232.00. Following the completion of the sale, the chief executive officer now directly owns 35,773 shares of the company’s stock, valued at $8,714,302.80. The disclosure for this sale can be found here. In the last three months, insiders have acquired 145 shares of company stock worth $27,451 and have sold 12,451 shares worth $3,030,512. Corporate insiders own 0.67% of the company’s stock.

Institutional Trading of Curtiss-Wright

Large investors have recently bought and sold shares of the business. Commonwealth Equity Services LLC grew its stake in shares of Curtiss-Wright by 0.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 13,880 shares of the aerospace company’s stock worth $2,549,000 after acquiring an additional 51 shares in the last quarter. Venturi Wealth Management LLC grew its stake in shares of Curtiss-Wright by 53.6% during the 4th quarter. Venturi Wealth Management LLC now owns 149 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 52 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Curtiss-Wright by 1.6% during the 2nd quarter. Cetera Investment Advisers now owns 3,592 shares of the aerospace company’s stock worth $660,000 after acquiring an additional 57 shares in the last quarter. Signaturefd LLC grew its stake in shares of Curtiss-Wright by 18.4% during the 3rd quarter. Signaturefd LLC now owns 366 shares of the aerospace company’s stock worth $72,000 after acquiring an additional 57 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Curtiss-Wright by 0.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,411 shares of the aerospace company’s stock worth $1,450,000 after acquiring an additional 59 shares in the last quarter. 82.71% of the stock is owned by institutional investors.

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.