Curtiss-Wright Co. (NYSE:CW) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Curtiss-Wright Co. (NYSE:CW) has been given an average recommendation of “Moderate Buy” by the seven research firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $377.43.

Several brokerages have weighed in on CW. Stifel Nicolaus cut their price target on Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating for the company in a report on Monday, April 14th. Citigroup dropped their price objective on Curtiss-Wright from $450.00 to $424.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Truist Financial dropped their price objective on Curtiss-Wright from $357.00 to $338.00 and set a “hold” rating for the company in a report on Thursday, April 17th. Finally, StockNews.com upgraded Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a report on Tuesday.

Insider Buying and Selling

In other Curtiss-Wright news, insider Paul J. Ferdenzi sold 658 shares of the company’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $325.68, for a total value of $214,297.44. Following the completion of the transaction, the insider now directly owns 19,239 shares of the company’s stock, valued at $6,265,757.52. This represents a 3.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP George P. Mcdonald sold 148 shares of the company’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total transaction of $48,160.68. Following the completion of the transaction, the vice president now directly owns 1,899 shares of the company’s stock, valued at approximately $617,953.59. The trade was a 7.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 10,642 shares of company stock valued at $3,581,107. Company insiders own 0.55% of the company’s stock.

Hedge Funds Weigh In On Curtiss-Wright

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CW. YANKCOM Partnership bought a new position in shares of Curtiss-Wright during the fourth quarter worth about $31,000. Minot DeBlois Advisors LLC acquired a new stake in shares of Curtiss-Wright in the fourth quarter valued at approximately $35,000. Whipplewood Advisors LLC increased its stake in shares of Curtiss-Wright by 1,566.7% in the first quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 94 shares during the period. 1 North Wealth Services LLC acquired a new position in shares of Curtiss-Wright during the first quarter valued at approximately $32,000. Finally, Ancora Advisors LLC acquired a new position in shares of Curtiss-Wright during the fourth quarter valued at approximately $49,000. 82.71% of the stock is owned by hedge funds and other institutional investors.

Curtiss-Wright Trading Up 0.7%

Shares of CW opened at $410.05 on Friday. The stock has a fifty day moving average of $335.15 and a two-hundred day moving average of $347.05. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69. The company has a market capitalization of $15.44 billion, a PE ratio of 38.87, a price-to-earnings-growth ratio of 2.48 and a beta of 1.04. Curtiss-Wright has a fifty-two week low of $258.85 and a fifty-two week high of $410.35.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.39 by $0.43. The company had revenue of $805.65 million during the quarter, compared to the consensus estimate of $767.32 million. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. Curtiss-Wright’s revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.99 EPS. As a group, analysts forecast that Curtiss-Wright will post 12.32 EPS for the current year.

Curtiss-Wright Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Monday, June 16th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.23%. This is a boost from Curtiss-Wright’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Monday, June 16th. Curtiss-Wright’s dividend payout ratio is 7.47%.

Curtiss-Wright Company Profile

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.