Brokerages Set Curtiss-Wright Corporation (NYSE:CW) PT at $746.67

Shares of Curtiss-Wright Corporation (NYSE:CW) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $746.6667.

Several research firms have issued reports on CW. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $748.00 price target on shares of Curtiss-Wright in a research report on Tuesday, February 17th. Citigroup increased their price objective on shares of Curtiss-Wright from $728.00 to $775.00 and gave the company a “neutral” rating in a research report on Monday, May 18th. Stifel Nicolaus set a $724.00 price objective on shares of Curtiss-Wright in a research report on Friday, May 8th. Robert W. Baird set a $870.00 price objective on shares of Curtiss-Wright in a research report on Friday, May 8th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a research report on Wednesday, May 13th.

Insider Buying and Selling

In other news, COO Kevin Rayment sold 907 shares of the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $677.38, for a total value of $614,383.66. Following the transaction, the chief operating officer directly owned 31,493 shares of the company’s stock, valued at $21,332,728.34. This represents a 2.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Lynn M. Bamford sold 3,225 shares of the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $676.70, for a total transaction of $2,182,357.50. Following the completion of the transaction, the chief executive officer directly owned 50,634 shares in the company, valued at $34,264,027.80. The trade was a 5.99% 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 6,181 shares of company stock valued at $4,204,919. 0.51% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Curtiss-Wright

A number of hedge funds have recently bought and sold shares of CW. Goldman Sachs Group Inc. increased its position in Curtiss-Wright by 10.6% during the first quarter. Goldman Sachs Group Inc. now owns 213,101 shares of the aerospace company’s stock worth $67,611,000 after acquiring an additional 20,379 shares during the period. Sivia Capital Partners LLC bought a new position in Curtiss-Wright during the second quarter worth about $235,000. Northwestern Mutual Wealth Management Co. increased its position in Curtiss-Wright by 53.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 100 shares of the aerospace company’s stock worth $49,000 after acquiring an additional 35 shares during the period. Marshall Wace LLP bought a new position in Curtiss-Wright during the second quarter worth about $5,423,000. Finally, Cresset Asset Management LLC increased its position in Curtiss-Wright by 46.4% during the second quarter. Cresset Asset Management LLC now owns 1,442 shares of the aerospace company’s stock worth $705,000 after acquiring an additional 457 shares during the period. 82.71% of the stock is owned by institutional investors.

Curtiss-Wright Stock Performance

NYSE CW opened at $747.99 on Wednesday. The company has a current ratio of 1.52, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. The firm’s fifty day moving average price is $715.99 and its two-hundred day moving average price is $652.26. Curtiss-Wright has a 1 year low of $435.35 and a 1 year high of $760.72. The firm has a market capitalization of $27.63 billion, a P/E ratio of 54.80, a price-to-earnings-growth ratio of 3.47 and a beta of 0.85.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Thursday, May 7th. The aerospace company reported $3.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.32 by $0.16. Curtiss-Wright had a net margin of 14.17% and a return on equity of 20.00%. The firm had revenue of $913.69 million for the quarter, compared to analyst estimates of $863.83 million. During the same period in the prior year, the firm posted $2.82 earnings per share. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. As a group, research analysts anticipate that Curtiss-Wright will post 15.15 EPS for the current year.

Curtiss-Wright Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 15th will be given a $0.24 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. Curtiss-Wright’s dividend payout ratio is presently 7.03%.

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.