Curtiss-Wright Corporation (CW) – What Are Investment Firms Thinking About This Stock?

Curtiss-Wright Corporation (NYSE:CW) has earned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $676.38.

A number of research firms have weighed in on CW. Piper Sandler decreased their price objective on Curtiss-Wright from $665.00 to $586.00 and set a “neutral” rating on the stock in a report on Friday, October 23rd. Weiss Ratings cut Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 4th. Stifel Nicolaus dropped their price objective on Curtiss-Wright from $700.00 to $518.00 and set a “hold” rating for the company in a research note on Monday, October 19th. Wall Street Zen cut Curtiss-Wright from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Finally, Deutsche Bank Aktiengesellschaft set a $801.00 target price on shares of Curtiss-Wright in a research note on Wednesday, August 12th.

Insiders Place Their Bets

In other Curtiss-Wright news, Director Larry D. Wyche sold 100 shares of the business’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $596.74, for a total value of $59,674.00. Following the transaction, the director owned 1,414 shares of the company’s stock, valued at approximately $843,790.36. The trade was a 6.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John Watts sold 1,035 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $619.46, for a total value of $641,141.10. Following the sale, the executive vice president owned 2,736 shares in the company, valued at $1,694,842.56. The trade was a 27.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.51% of the company’s stock.

Institutional Investors Weigh In On Curtiss-Wright

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CW. Provenance Wealth Advisors LLC acquired a new position in shares of Curtiss-Wright during the third quarter worth about $162,000. Integrity Alliance LLC. bought a new position in shares of Curtiss-Wright during the third quarter worth about $252,000. Oregon Public Employees Retirement Fund raised its position in Curtiss-Wright by 0.8% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 7,652 shares of the aerospace company’s stock valued at $4,161,000 after buying an additional 57 shares during the last quarter. Aware Super Pty Ltd as trustee of Aware Super raised its position in Curtiss-Wright by 23.3% in the 3rd quarter. Aware Super Pty Ltd as trustee of Aware Super now owns 62,285 shares of the aerospace company’s stock valued at $33,872,000 after buying an additional 11,777 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Curtiss-Wright in the 3rd quarter valued at approximately $227,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Trading Down 4.4%

Shares of Curtiss-Wright stock opened at $475.10 on Friday. Curtiss-Wright has a 52-week low of $453.42 and a 52-week high of $808.16. The firm has a market capitalization of $17.55 billion, a PE ratio of 32.70, a price-to-earnings-growth ratio of 2.08 and a beta of 0.88. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.60 and a quick ratio of 1.12. The company’s fifty day moving average price is $540.38 and its two-hundred day moving average price is $668.09.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Thursday, August 6th. The aerospace company reported $3.72 EPS for the quarter, topping analysts’ consensus estimates of $3.62 by $0.10. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. The company had revenue of $924.01 million during the quarter, compared to the consensus estimate of $926.17 million. During the same period last year, the firm earned $3.23 EPS. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, analysts expect that Curtiss-Wright will post 15.33 EPS for the current year.

Curtiss-Wright Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Friday, September 25th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, September 25th. This represents a $1.04 dividend on an annualized basis and a yield of 0.2%. This is a positive change from Curtiss-Wright’s previous quarterly dividend of $0.24. Curtiss-Wright’s payout ratio is 7.16%.

About Curtiss-Wright

Curtiss-Wright Corporation (NYSE: CW) is a diversified industrial company that provides highly engineered products and services to the aerospace, defense, commercial nuclear power, and general industrial markets. The company designs and manufactures equipment used in applications that require reliable performance in demanding operating environments.

Its products and technologies include motion-control systems, valves, pumps, actuation equipment, sensors, data-acquisition systems, embedded computing products, and aircraft structural components.