Curtiss-Wright (NYSE:CW) Raised to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of Curtiss-Wright (NYSE:CWFree Report) from a buy rating to a strong-buy rating in a research note issued to investors on Friday.

Several other equities research analysts have also recently issued reports on the stock. Truist Financial reissued a hold rating and issued a $240.00 target price (down from $250.00) on shares of Curtiss-Wright in a research report on Monday, March 25th. Stifel Nicolaus raised their target price on shares of Curtiss-Wright from $255.00 to $272.00 and gave the stock a buy rating in a research report on Wednesday, April 17th. Finally, Robert W. Baird raised their target price on shares of Curtiss-Wright from $246.00 to $300.00 and gave the stock an outperform rating in a research report on Monday, April 8th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Buy and a consensus target price of $260.25.

Get Our Latest Stock Analysis on Curtiss-Wright

Curtiss-Wright Stock Performance

NYSE:CW opened at $250.24 on Friday. Curtiss-Wright has a twelve month low of $157.72 and a twelve month high of $261.46. The company has a market capitalization of $9.58 billion, a P/E ratio of 27.20 and a beta of 1.18. The firm has a 50-day moving average price of $244.66 and a two-hundred day moving average price of $225.01. The company has a current ratio of 2.13, a quick ratio of 1.50 and a debt-to-equity ratio of 0.45.

Curtiss-Wright (NYSE:CWGet Free Report) last released its quarterly earnings results on Thursday, February 15th. The aerospace company reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $0.24. Curtiss-Wright had a net margin of 12.46% and a return on equity of 16.61%. The company had revenue of $785.79 million for the quarter, compared to analysts’ expectations of $737.09 million. During the same period last year, the company earned $2.92 EPS. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, research analysts expect that Curtiss-Wright will post 10.16 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.80 annualized dividend and a yield of 0.32%. Curtiss-Wright’s payout ratio is 8.70%.

Insider Activity at Curtiss-Wright

In related news, VP Paul J. Ferdenzi sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $250.00, for a total value of $625,000.00. Following the transaction, the vice president now owns 15,942 shares in the company, valued at $3,985,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, VP Paul J. Ferdenzi sold 2,500 shares of Curtiss-Wright stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $250.00, for a total transaction of $625,000.00. Following the sale, the vice president now owns 15,942 shares in the company, valued at $3,985,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO K Christopher Farkas sold 2,736 shares of Curtiss-Wright stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $240.16, for a total transaction of $657,077.76. Following the sale, the chief financial officer now owns 9,172 shares in the company, valued at approximately $2,202,747.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,451 shares of company stock worth $3,030,512. Company insiders own 0.67% of the company’s stock.

Institutional Trading of Curtiss-Wright

A number of hedge funds have recently made changes to their positions in CW. Moneta Group Investment Advisors LLC bought a new stake in shares of Curtiss-Wright in the fourth quarter worth $212,009,000. BlackRock Inc. increased its stake in shares of Curtiss-Wright by 18.8% in the first quarter. BlackRock Inc. now owns 4,300,543 shares of the aerospace company’s stock worth $645,770,000 after buying an additional 680,850 shares during the last quarter. Norges Bank bought a new stake in shares of Curtiss-Wright in the fourth quarter worth $113,885,000. Select Equity Group L.P. bought a new stake in shares of Curtiss-Wright in the first quarter worth $33,468,000. Finally, Wellington Management Group LLP increased its stake in shares of Curtiss-Wright by 31.7% in the first quarter. Wellington Management Group LLP now owns 756,894 shares of the aerospace company’s stock worth $113,655,000 after buying an additional 182,125 shares during the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

About Curtiss-Wright

(Get Free Report)

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.

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Analyst Recommendations for Curtiss-Wright (NYSE:CW)

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