Curtiss-Wright Corporation (NYSE:CW) Receives $746.67 Consensus Target Price from Brokerages

Curtiss-Wright Corporation (NYSE:CW) has been given an average rating of “Moderate Buy” by the six brokerages that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $746.6667.

CW has been the topic of several research reports. Citigroup raised their price objective on shares of Curtiss-Wright from $728.00 to $775.00 and gave the company a “neutral” rating in a research report on Monday, May 18th. Morgan Stanley restated an “overweight” rating and set a $760.00 price objective on shares of Curtiss-Wright in a research report on Friday, February 13th. Stifel Nicolaus set a $724.00 price objective on shares of Curtiss-Wright in a research report on Friday, May 8th. Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a research report on Wednesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $748.00 target price on shares of Curtiss-Wright in a report on Tuesday, February 17th.

Curtiss-Wright Stock Performance

Curtiss-Wright stock opened at $720.65 on Wednesday. The firm’s fifty day moving average price is $716.54 and its 200-day moving average price is $653.27. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 1.52. The stock has a market cap of $26.62 billion, a P/E ratio of 52.80, a price-to-earnings-growth ratio of 3.34 and a beta of 0.85. Curtiss-Wright has a fifty-two week low of $443.00 and a fifty-two week high of $760.72.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Thursday, May 7th. The aerospace company reported $3.48 earnings per share for the quarter, beating the consensus estimate of $3.32 by $0.16. The firm had revenue of $913.69 million for the quarter, compared to analysts’ expectations of $863.83 million. Curtiss-Wright had a net margin of 14.17% and a return on equity of 20.00%. The business’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the company posted $2.82 EPS. On average, equities research analysts expect that Curtiss-Wright will post 15.15 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, July 6th. Investors of record on Monday, June 15th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.03%.

Insider Activity at Curtiss-Wright

In related news, CFO K Christopher Farkas sold 918 shares of the stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $677.46, for a total transaction of $621,908.28. Following the transaction, the chief financial officer owned 5,518 shares of the company’s stock, valued at approximately $3,738,224.28. This trade represents a 14.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Gary A. Ogilby sold 252 shares of the stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $689.14, for a total transaction of $173,663.28. Following the transaction, the vice president directly owned 2,571 shares in the company, valued at approximately $1,771,778.94. This represents a 8.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 6,181 shares of company stock worth $4,204,919 in the last 90 days. Corporate insiders own 0.51% of the company’s stock.

Hedge Funds Weigh In On Curtiss-Wright

Institutional investors and hedge funds have recently made changes to their positions in the business. Atlantic Union Bankshares Corp bought a new position in shares of Curtiss-Wright during the 3rd quarter valued at $26,000. Cary Street Partners Investment Advisory LLC bought a new stake in Curtiss-Wright in the 4th quarter worth $31,000. Signature Equity Partners LLC grew its holdings in Curtiss-Wright by 140.0% in the 1st quarter. Signature Equity Partners LLC now owns 60 shares of the aerospace company’s stock worth $41,000 after acquiring an additional 35 shares during the last quarter. Larson Financial Group LLC grew its holdings in Curtiss-Wright by 53.8% in the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 21 shares during the last quarter. Finally, Transamerica Financial Advisors LLC grew its holdings in Curtiss-Wright by 25.9% in the 4th quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock worth $40,000 after acquiring an additional 15 shares during the last quarter. Institutional investors 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.