Curtiss-Wright Co. (NYSE:CW) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Curtiss-Wright Co. (NYSE:CW) have received an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $386.86.

A number of equities research analysts have recently commented on CW shares. Truist Financial lifted their price target on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft initiated coverage on Curtiss-Wright in a report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price target for the company. Finally, Citigroup began coverage on Curtiss-Wright in a report on Tuesday, January 21st. They set a “buy” rating and a $410.00 price objective on the stock.

Insider Buying and Selling

In other news, VP John C. Watts sold 622 shares of the firm’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total value of $215,865.10. Following the transaction, the vice president now owns 5,072 shares of the company’s stock, valued at approximately $1,760,237.60. This trade represents a 10.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP George P. Mcdonald sold 148 shares of Curtiss-Wright stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total transaction of $48,160.68. Following the transaction, the vice president now owns 1,899 shares in the company, valued at $617,953.59. The trade was a 7.23 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 116 shares of company stock valued at $35,278 and have sold 21,797 shares valued at $7,436,255. Corporate insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. YANKCOM Partnership purchased a new stake in shares of Curtiss-Wright in the fourth quarter worth about $31,000. Minot DeBlois Advisors LLC acquired a new position in Curtiss-Wright during the 4th quarter worth approximately $35,000. Ancora Advisors LLC purchased a new position in Curtiss-Wright in the 4th quarter worth approximately $49,000. Wilmington Savings Fund Society FSB acquired a new stake in Curtiss-Wright in the third quarter valued at approximately $53,000. Finally, Brooklyn Investment Group purchased a new stake in shares of Curtiss-Wright during the third quarter valued at approximately $59,000. 82.71% of the stock is owned by hedge funds and other institutional investors.

Curtiss-Wright Price Performance

CW stock opened at $325.22 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69. The stock’s 50 day moving average price is $335.14 and its 200 day moving average price is $346.14. The firm has a market cap of $12.25 billion, a P/E ratio of 30.83, a PEG ratio of 2.48 and a beta of 1.15. Curtiss-Wright has a 1 year low of $246.43 and a 1 year high of $393.40.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Wednesday, February 12th. The aerospace company reported $3.27 EPS for the quarter, beating analysts’ consensus estimates of $3.12 by $0.15. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. On average, sell-side analysts expect that Curtiss-Wright will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, March 27th will be paid a dividend of $0.21 per share. The ex-dividend date is Thursday, March 27th. This represents a $0.84 annualized dividend and a dividend yield of 0.26%. Curtiss-Wright’s dividend payout ratio is presently 7.96%.

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.