Curtiss-Wright (NYSE:CW) Stock Gets Price Target Cut from Stifel Nicolaus

Curtiss-Wright (NYSE:CW) had its price target cut by Stifel Nicolaus from $518.00 to $472.00 in a research note published on Monday morning,Benzinga reports. They currently have a hold rating on the aerospace company’s stock.

Several other analysts have also recently commented on the stock. Wall Street Zen cut shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Deutsche Bank set a $801.00 price objective on shares of Curtiss-Wright in a research report on Wednesday, August 12th. Piper Sandler reduced their price objective on Curtiss-Wright from $586.00 to $544.00 and set a “neutral” rating on the stock in a report on Friday, November 6th. Morgan Stanley reduced their price objective on Curtiss-Wright from $860.00 to $625.00 and set an “overweight” rating on the stock in a report on Friday, October 16th. Finally, Guggenheim decreased their price objective on Curtiss-Wright from $786.00 to $674.00 and set a “buy” rating on the stock in a research report on Friday, November 6th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $636.75.

Curtiss-Wright Stock Performance

Shares of NYSE:CW opened at $479.79 on Monday. The business has a fifty day moving average of $519.02 and a 200-day moving average of $660.86. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.95 and a current ratio of 1.42. Curtiss-Wright has a twelve month low of $432.70 and a twelve month high of $808.16. The firm has a market cap of $17.40 billion, a PE ratio of 32.01, a price-to-earnings-growth ratio of 1.98 and a beta of 0.94.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Wednesday, November 4th. The aerospace company reported $3.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.76 by $0.18. Curtiss-Wright had a net margin of 14.86% and a return on equity of 21.08%. The business had revenue of $953.00 million for the quarter, compared to the consensus estimate of $935.09 million. During the same quarter in the prior year, the company earned $3.31 EPS. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. On average, equities research analysts predict that Curtiss-Wright will post 15.51 EPS for the current fiscal year.

Curtiss-Wright Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Friday, September 25th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Friday, September 25th. This is a boost from Curtiss-Wright’s previous quarterly dividend of $0.24. Curtiss-Wright’s dividend payout ratio is currently 6.94%.

Insider Activity

In other news, EVP John C. Watts sold 1,035 shares of Curtiss-Wright stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $619.46, for a total transaction of $641,141.10. Following the completion of the sale, the executive vice president owned 2,736 shares in the company, valued at $1,694,842.56. The trade was a 27.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Larry D. Wyche sold 100 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $596.74, for a total transaction of $59,674.00. Following the sale, the director directly owned 1,414 shares of the company’s stock, valued at approximately $843,790.36. This trade represents a 6.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.51% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Curtiss-Wright

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in Curtiss-Wright during the 2nd quarter worth $3,448,649,000. Primecap Management Co. CA acquired a new position in shares of Curtiss-Wright in the 2nd quarter valued at $390,106,000. Bank of New York Mellon Corp acquired a new position in shares of Curtiss-Wright in the 2nd quarter valued at $270,458,000. William Blair Investment Management LLC acquired a new position in shares of Curtiss-Wright in the 2nd quarter valued at $240,442,000. Finally, TimesSquare Capital Management LLC acquired a new position in shares of Curtiss-Wright in the 2nd quarter valued at $124,673,000. 82.71% of the stock is owned by institutional investors.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation is a diversified industrial company that develops and manufactures engineered products and provides services for the aerospace, defense, power-generation and general industrial markets. Its offerings include actuation and control systems, sensors, valves and pumps, and embedded computing and electronics. The company serves customers around the world, including aircraft manufacturers and operators, defense contractors, government agencies, and commercial nuclear power providers.