Curtiss-Wright Corporation (NYSE:CW) Stock Has Average Price Target of $768.25 According to Analysts

Curtiss-Wright Corporation (NYSE:CW) has been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $768.25.

Several equities analysts recently weighed in on CW shares. Deutsche Bank Aktiengesellschaft set a $801.00 price target on shares of Curtiss-Wright in a report on Wednesday, August 12th. Piper Sandler initiated coverage on shares of Curtiss-Wright in a report on Wednesday, September 2nd. They issued a “neutral” rating and a $665.00 price objective on the stock. Morgan Stanley reiterated an “overweight” rating and issued a $860.00 price objective on shares of Curtiss-Wright in a research note on Wednesday, July 15th. Weiss Ratings cut shares of Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 4th. Finally, Stifel Nicolaus boosted their target price on shares of Curtiss-Wright from $724.00 to $768.00 and gave the company a “hold” rating in a research report on Monday, July 20th.

Curtiss-Wright Stock Performance

Shares of CW stock opened at $541.62 on Tuesday. The business has a fifty day moving average of $617.82 and a 200 day moving average of $690.82. Curtiss-Wright has a 1 year low of $521.66 and a 1 year high of $808.16. 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 firm has a market capitalization of $20.00 billion, a price-to-earnings ratio of 37.28, a price-to-earnings-growth ratio of 2.46 and a beta of 0.88.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Thursday, August 6th. The aerospace company reported $3.72 earnings per share for the quarter, beating the consensus estimate of $3.62 by $0.10. Curtiss-Wright had a return on equity of 20.49% and a net margin of 14.81%.The business had revenue of $924.01 million for the quarter, compared to the consensus estimate of $926.17 million. During the same quarter in the previous year, the business earned $3.23 EPS. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, research analysts expect that Curtiss-Wright will post 15.27 earnings per share for the current year.

Curtiss-Wright Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 25th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, September 25th. This is an increase from Curtiss-Wright’s previous quarterly dividend of $0.24. Curtiss-Wright’s dividend payout ratio (DPR) is 7.16%.

Insider Activity

In other Curtiss-Wright news, EVP John C. Watts sold 1,035 shares of the company’s stock in a transaction that occurred 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 approximately $1,694,842.56. This represents a 27.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Larry D. Wyche sold 100 shares of the firm’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $596.74, for a total transaction of $59,674.00. Following the sale, the director owned 1,414 shares in the company, valued at approximately $843,790.36. This represents a 6.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.51% of the company’s stock.

Institutional Trading of Curtiss-Wright

A number of institutional investors and hedge funds have recently modified their holdings of CW. BlackRock Inc. acquired a new stake in shares of Curtiss-Wright in the second quarter valued at about $3,448,649,000. Norges Bank purchased a new stake in shares of Curtiss-Wright during the 4th quarter valued at approximately $290,633,000. Primecap Management Co. CA acquired a new stake in Curtiss-Wright during the second quarter worth $390,106,000. Bank of New York Mellon Corp acquired a new stake in Curtiss-Wright during the second quarter worth $270,458,000. Finally, William Blair Investment Management LLC purchased a new stake in Curtiss-Wright in the second quarter valued at $240,442,000. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation is a diversified manufacturer and service provider serving the aerospace, defense, commercial power and industrial markets. The company develops and produces highly engineered components and systems used in applications where reliability, performance and safety are critical.

Its products and services include aircraft and industrial actuation systems, sensors and controls, electronic components, embedded computing systems, data-acquisition equipment, valves, pumps, motors and other flow-control products.