Curtiss-Wright (NYSE:CW) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Curtiss-Wright (NYSE:CW) from a hold rating to a buy rating in a research report released on Saturday.

Several other equities research analysts also recently weighed in on the stock. Truist Financial set a $603.00 target price on shares of Curtiss-Wright in a research note on Friday. Morgan Stanley reiterated an “overweight” rating and set a $660.00 price objective on shares of Curtiss-Wright in a report on Tuesday, December 16th. Citigroup initiated coverage on Curtiss-Wright in a research note on Thursday, December 11th. They set a “neutral” rating and a $607.00 target price on the stock. Stifel Nicolaus reduced their target price on Curtiss-Wright from $587.00 to $584.00 and set a “hold” rating on the stock in a research report on Tuesday, December 16th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a report on Monday, December 22nd. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $596.50.

Curtiss-Wright Trading Up 3.2%

Shares of NYSE:CW opened at $624.36 on Friday. The company has a market capitalization of $23.03 billion, a PE ratio of 50.88, a P/E/G ratio of 2.75 and a beta of 0.95. The company has a current ratio of 1.75, a quick ratio of 1.17 and a debt-to-equity ratio of 0.38. Curtiss-Wright has a 12-month low of $266.88 and a 12-month high of $625.24. The business’s fifty day simple moving average is $561.32 and its 200-day simple moving average is $528.40.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Thursday, November 6th. The aerospace company reported $3.40 earnings per share for the quarter, topping analysts’ consensus estimates of $3.28 by $0.12. Curtiss-Wright had a return on equity of 18.82% and a net margin of 13.78%.The firm had revenue of $869.00 million during the quarter, compared to analysts’ expectations of $869.03 million. During the same period in the prior year, the business posted $2.89 EPS. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. As a group, equities research analysts predict that Curtiss-Wright will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.2%. Curtiss-Wright’s dividend payout ratio is currently 7.82%.

Insider Activity

In related news, EVP John C. Watts sold 288 shares of Curtiss-Wright stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $600.00, for a total transaction of $172,800.00. Following the completion of the sale, the executive vice president owned 3,188 shares of the company’s stock, valued at $1,912,800. The trade was a 8.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 513 shares of company stock valued at $302,586 in the last three months. Company insiders own 0.55% of the company’s stock.

Hedge Funds Weigh In On Curtiss-Wright

Hedge funds and other institutional investors have recently bought and sold shares of the business. Atlantic Union Bankshares Corp acquired a new stake in Curtiss-Wright during the 3rd quarter valued at approximately $26,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Curtiss-Wright during the second quarter worth $27,000. Penserra Capital Management LLC acquired a new position in Curtiss-Wright during the second quarter valued at $29,000. Larson Financial Group LLC boosted its holdings in Curtiss-Wright by 53.8% in the third quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 21 shares during the last quarter. Finally, First Horizon Corp purchased a new stake in Curtiss-Wright in the third quarter valued at $34,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.