Curtiss-Wright Co. (NYSE:CW) Given Average Rating of “Moderate Buy” by Analysts

Shares of Curtiss-Wright Co. (NYSE:CW) have earned an average rating of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $379.00.

CW has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft started coverage on shares of Curtiss-Wright in a research report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price objective for the company. Morgan Stanley boosted their price target on Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Truist Financial raised their price objective on Curtiss-Wright from $304.00 to $333.00 and gave the company a “hold” rating in a research report on Friday, November 1st. StockNews.com lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. Finally, Alembic Global Advisors began coverage on Curtiss-Wright in a report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price target for the company.

Insiders Place Their Bets

In other news, VP John C. Watts sold 412 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total transaction of $148,134.60. Following the transaction, the vice president now directly owns 4,183 shares of the company’s stock, valued at approximately $1,503,997.65. This trade represents a 8.97 % 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 hyperlink. Also, CEO Lynn M. Bamford sold 7,129 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $368.80, for a total value of $2,629,175.20. Following the completion of the sale, the chief executive officer now owns 28,688 shares of the company’s stock, valued at approximately $10,580,134.40. This trade represents a 19.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.55% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CW. Hennion & Walsh Asset Management Inc. increased its stake in Curtiss-Wright by 48.9% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 2,661 shares of the aerospace company’s stock valued at $721,000 after acquiring an additional 874 shares during the last quarter. Dakota Wealth Management bought a new position in shares of Curtiss-Wright in the 2nd quarter valued at $206,000. Fifth Third Wealth Advisors LLC acquired a new position in shares of Curtiss-Wright during the 2nd quarter worth $372,000. Ceredex Value Advisors LLC lifted its position in shares of Curtiss-Wright by 1.0% during the 2nd quarter. Ceredex Value Advisors LLC now owns 58,791 shares of the aerospace company’s stock worth $15,943,000 after buying an additional 575 shares during the last quarter. Finally, AMG National Trust Bank boosted its stake in Curtiss-Wright by 100.0% in the second quarter. AMG National Trust Bank now owns 2,336 shares of the aerospace company’s stock valued at $633,000 after buying an additional 1,168 shares in the last quarter. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Trading Up 1.6 %

NYSE CW opened at $361.27 on Wednesday. The company has a market cap of $13.71 billion, a PE ratio of 34.18, a PEG ratio of 2.96 and a beta of 1.18. Curtiss-Wright has a 12 month low of $212.05 and a 12 month high of $393.40. The stock has a 50 day moving average of $364.66 and a 200-day moving average of $321.16. The company has a current ratio of 1.98, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39.

Curtiss-Wright Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 22nd were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.84 annualized dividend and a yield of 0.23%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.95%.

Curtiss-Wright Company Profile

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.