Curtiss-Wright Corporation (NYSE:CW) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Curtiss-Wright Corporation (NYSE:CW) has received an average rating of “Moderate Buy” from the seven analysts that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $663.1667.

CW has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $748.00 price objective on shares of Curtiss-Wright in a report on Tuesday, February 17th. Citigroup upped their target price on shares of Curtiss-Wright from $661.00 to $718.00 and gave the company a “neutral” rating in a report on Friday, February 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Curtiss-Wright in a research note on Monday, December 22nd. Wall Street Zen raised Curtiss-Wright from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Finally, Truist Financial set a $603.00 price objective on shares of Curtiss-Wright in a research report on Friday, January 9th.

Curtiss-Wright Stock Performance

Shares of CW stock opened at $707.72 on Monday. The company has a current ratio of 1.44, a quick ratio of 1.00 and a debt-to-equity ratio of 0.30. The firm has a fifty day moving average price of $621.89 and a 200 day moving average price of $563.82. The company has a market cap of $26.09 billion, a P/E ratio of 54.99, a PEG ratio of 3.45 and a beta of 0.92. Curtiss-Wright has a 12 month low of $266.88 and a 12 month high of $714.95.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, February 11th. The aerospace company reported $3.79 EPS for the quarter, beating analysts’ consensus estimates of $3.66 by $0.13. Curtiss-Wright had a return on equity of 19.28% and a net margin of 13.84%.The business had revenue of $946.98 million for the quarter, compared to the consensus estimate of $890.14 million. During the same quarter in the prior year, the business posted $3.27 EPS. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. Sell-side analysts predict that Curtiss-Wright will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Thursday, March 26th will be given a $0.24 dividend. The ex-dividend date is Thursday, March 26th. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. Curtiss-Wright’s dividend payout ratio is currently 7.46%.

Insider Transactions at Curtiss-Wright

In related news, CEO Lynn M. Bamford sold 9,327 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $626.45, for a total value of $5,842,899.15. Following the transaction, the chief executive officer owned 46,192 shares in the company, valued at approximately $28,936,978.40. This trade represents a 16.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Gary A. Ogilby sold 625 shares of the business’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $624.32, for a total transaction of $390,200.00. Following the transaction, the vice president directly owned 2,571 shares in the company, valued at approximately $1,605,126.72. The trade was a 19.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 17,269 shares of company stock worth $10,797,098 in the last quarter. Insiders own 0.55% of the company’s stock.

Hedge Funds Weigh In On Curtiss-Wright

A number of institutional investors have recently added to or reduced their stakes in CW. Transamerica Financial Advisors LLC grew its stake in shares of Curtiss-Wright by 25.9% during the fourth quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock valued at $40,000 after acquiring an additional 15 shares in the last quarter. IFP Advisors Inc lifted its stake in shares of Curtiss-Wright by 2.3% in the fourth quarter. IFP Advisors Inc now owns 698 shares of the aerospace company’s stock worth $385,000 after acquiring an additional 16 shares in the last quarter. Summit Financial LLC grew its stake in Curtiss-Wright by 2.3% during the 4th quarter. Summit Financial LLC now owns 697 shares of the aerospace company’s stock valued at $384,000 after purchasing an additional 16 shares in the last quarter. Clearstead Advisors LLC grew its stake in Curtiss-Wright by 1.6% during the 3rd quarter. Clearstead Advisors LLC now owns 1,067 shares of the aerospace company’s stock valued at $579,000 after purchasing an additional 17 shares in the last quarter. Finally, Mayflower Financial Advisors LLC increased its holdings in Curtiss-Wright by 2.9% during the 4th quarter. Mayflower Financial Advisors LLC now owns 611 shares of the aerospace company’s stock worth $337,000 after purchasing an additional 17 shares during the last quarter. 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.