Curtiss-Wright Corporation (NYSE:CW) Receives $468.14 Average Price Target from Analysts

Curtiss-Wright Corporation (NYSE:CW) has earned a consensus rating of “Moderate Buy” from the seven brokerages that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $468.1429.

Several equities analysts have recently weighed in on the stock. Citigroup raised their price objective on shares of Curtiss-Wright from $525.00 to $568.00 and gave the company a “buy” rating in a research report on Monday, July 14th. Stifel Nicolaus raised their target price on shares of Curtiss-Wright from $450.00 to $457.00 and gave the stock a “hold” rating in a report on Friday, August 8th. Wall Street Zen cut Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 2nd. Truist Financial cut their price objective on Curtiss-Wright from $356.00 to $338.00 and set a “hold” rating for the company in a research report on Friday, July 11th. Finally, Morgan Stanley lifted their target price on Curtiss-Wright from $405.00 to $550.00 and gave the stock an “overweight” rating in a report on Thursday, July 17th.

Curtiss-Wright Stock Performance

Shares of NYSE CW opened at $518.52 on Friday. Curtiss-Wright has a 1 year low of $266.88 and a 1 year high of $528.44. The firm has a market cap of $19.54 billion, a P/E ratio of 43.76, a PEG ratio of 3.13 and a beta of 1.15. The stock has a fifty day moving average price of $492.48 and a two-hundred day moving average price of $428.20. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.35 and a current ratio of 1.95.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share for the quarter, beating the consensus estimate of $3.13 by $0.10. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%.The business had revenue of $876.58 million during the quarter, compared to analyst estimates of $855.10 million. During the same quarter in the prior year, the firm posted $2.67 earnings per share. The company’s revenue was up 11.7% on a year-over-year basis. Research analysts forecast that Curtiss-Wright will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, September 26th. Curtiss-Wright’s payout ratio is presently 8.10%.

Insider Buying and Selling

In other Curtiss-Wright news, VP John C. Watts sold 1,110 shares of the firm’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $480.50, for a total value of $533,355.00. Following the completion of the transaction, the vice president directly owned 3,863 shares in the company, valued at $1,856,171.50. This trade represents a 22.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.55% of the company’s stock.

Hedge Funds Weigh In On Curtiss-Wright

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Curtiss-Wright in the second quarter valued at $27,000. Penserra Capital Management LLC acquired a new position in Curtiss-Wright during the second quarter valued at $29,000. Whipplewood Advisors LLC lifted its stake in Curtiss-Wright by 1,566.7% in the 1st quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company’s stock worth $32,000 after acquiring an additional 94 shares in the last quarter. 1 North Wealth Services LLC acquired a new stake in Curtiss-Wright during the 1st quarter worth about $32,000. Finally, Private Trust Co. NA grew its stake in Curtiss-Wright by 13,800.0% during the 1st quarter. Private Trust Co. NA now owns 139 shares of the aerospace company’s stock valued at $44,000 after acquiring an additional 138 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

About Curtiss-Wright

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.