Curtiss-Wright (NYSE:CW) Price Target Cut to $518.00 by Analysts at Stifel Nicolaus

Curtiss-Wright (NYSE:CW) had its target price trimmed by Stifel Nicolaus from $700.00 to $518.00 in a research note published on Monday morning, MarketBeat Ratings reports. The firm currently has a hold rating on the aerospace company’s stock.

A number of other analysts have also commented on the company. Wall Street Zen lowered Curtiss-Wright from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings downgraded Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, September 4th. Deutsche Bank Aktiengesellschaft set a $801.00 target price on Curtiss-Wright in a report on Wednesday, August 12th. Citigroup dropped their target price on Curtiss-Wright from $793.00 to $622.00 and set a “neutral” rating on the stock in a report on Wednesday, October 7th. Finally, Guggenheim assumed coverage on Curtiss-Wright in a research report on Monday, September 14th. They set a “buy” rating and a $786.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $686.25.

Curtiss-Wright Stock Down 1.2%

Shares of NYSE CW opened at $496.45 on Monday. The stock has a market capitalization of $18.33 billion, a P/E ratio of 34.17, a P/E/G ratio of 2.26 and a beta of 0.88. The company has a 50-day moving average price of $575.63 and a 200-day moving average price of $678.88. Curtiss-Wright has a 1 year low of $490.05 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.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Thursday, August 6th. The aerospace company reported $3.72 EPS for the quarter, topping the consensus estimate 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 in the previous year, the firm posted $3.23 earnings per share. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, equities research analysts forecast that Curtiss-Wright will post 15.31 EPS for the current fiscal year.

Curtiss-Wright Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Friday, September 25th were issued a $0.26 dividend. This is an increase from Curtiss-Wright’s previous quarterly dividend of $0.24. This represents a $1.04 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, September 25th. Curtiss-Wright’s dividend payout ratio is currently 7.16%.

Insider Transactions at Curtiss-Wright

In related news, Director Larry D. Wyche sold 100 shares of the business’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $596.74, for a total transaction of $59,674.00. Following the transaction, the director directly owned 1,414 shares in the company, 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 link. Also, EVP John Watts sold 1,035 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $619.46, for a total transaction of $641,141.10. Following the transaction, the executive vice president owned 2,736 shares in the company, valued at approximately $1,694,842.56. This trade represents a 27.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.51% of the stock is owned by company insiders.

Hedge Funds Weigh In On Curtiss-Wright

Several hedge funds have recently modified their holdings of CW. Jackson Thornton Wealth Management LLC grew its position in Curtiss-Wright by 4.9% in the first quarter. Jackson Thornton Wealth Management LLC now owns 410 shares of the aerospace company’s stock worth $298,000 after acquiring an additional 19 shares during the period. AIA Group Ltd increased its stake in Curtiss-Wright by 0.6% during the first quarter. AIA Group Ltd now owns 3,412 shares of the aerospace company’s stock worth $2,324,000 after acquiring an additional 19 shares during the last quarter. Parallel Advisors LLC increased its stake in Curtiss-Wright by 10.5% during the first quarter. Parallel Advisors LLC now owns 305 shares of the aerospace company’s stock worth $208,000 after acquiring an additional 29 shares during the last quarter. Private Advisor Group LLC raised its position in Curtiss-Wright by 0.7% in the first quarter. Private Advisor Group LLC now owns 4,686 shares of the aerospace company’s stock valued at $3,192,000 after purchasing an additional 31 shares during the period. Finally, Cooper Financial Group raised its position in Curtiss-Wright by 9.3% in the third quarter. Cooper Financial Group now owns 376 shares of the aerospace company’s stock valued at $204,000 after purchasing an additional 32 shares during the period. Institutional investors own 82.71% of the company’s stock.

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.