Curtiss-Wright Corporation (NYSE:CW) Receives $664.83 Consensus Target Price from Analysts

Curtiss-Wright Corporation (NYSE:CW) has received an average recommendation of “Moderate Buy” from the seven ratings firms that are currently 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 1-year target price among brokers that have updated their coverage on the stock in the last year is $664.8333.

A number of equities analysts have weighed in on CW shares. Stifel Nicolaus upped their price objective on shares of Curtiss-Wright from $625.00 to $650.00 and gave the stock a “hold” rating in a research report on Friday, February 13th. Citigroup increased their target price on shares of Curtiss-Wright from $718.00 to $728.00 and gave the company a “neutral” rating in a research report on Thursday, April 2nd. Truist Financial set a $603.00 target price on shares of Curtiss-Wright in a research report on Friday, January 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a research report on Monday, December 22nd. Finally, Wall Street Zen upgraded shares of Curtiss-Wright from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th.

Insiders Place Their Bets

In other news, EVP John C. Watts sold 220 shares of the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $678.11, for a total value of $149,184.20. Following the completion of the sale, the executive vice president directly owned 4,182 shares in the company, valued at $2,835,856.02. This represents a 5.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Robert F. Freda sold 140 shares of the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $678.61, for a total transaction of $95,005.40. Following the completion of the sale, the vice president owned 5,343 shares of the company’s stock, valued at $3,625,813.23. This trade represents a 2.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 22,717 shares of company stock valued at $14,533,791. Corporate insiders own 0.51% of the company’s stock.

Institutional Investors Weigh In On Curtiss-Wright

A number of hedge funds have recently modified their holdings of CW. Atlantic Union Bankshares Corp purchased a new stake in shares of Curtiss-Wright in the third quarter valued at about $26,000. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Curtiss-Wright in the fourth quarter valued at about $31,000. Larson Financial Group LLC grew its holdings in shares of 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 period. First Horizon Corp purchased a new stake in shares of Curtiss-Wright in the third quarter valued at about $34,000. Finally, Transamerica Financial Advisors LLC grew its holdings in shares of Curtiss-Wright by 25.9% in the fourth quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock valued at $40,000 after purchasing an additional 15 shares during the period. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Stock Performance

NYSE:CW opened at $721.55 on Tuesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.44. The company has a fifty day moving average of $683.83 and a two-hundred day moving average of $610.50. The stock has a market capitalization of $26.63 billion, a PE ratio of 56.06, a P/E/G ratio of 3.55 and a beta of 0.91. Curtiss-Wright has a fifty-two week low of $301.74 and a fifty-two week high of $739.99.

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

Curtiss-Wright Announces Dividend

The firm also recently announced 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. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Thursday, March 26th. Curtiss-Wright’s dividend payout ratio is 7.46%.

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.