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

Shares of Curtiss-Wright Co. (NYSE:CW) have been assigned an average rating of “Moderate Buy” from the five analysts that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $364.40.

Several research analysts have recently commented on CW shares. Stifel Nicolaus cut shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 target price on the stock. in a report on Monday, November 18th. Alembic Global Advisors initiated coverage on Curtiss-Wright in a report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price objective for the company. Truist Financial increased their target price on Curtiss-Wright from $304.00 to $333.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Robert W. Baird boosted their price target on Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Finally, Morgan Stanley upped their price objective on shares of Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th.

Curtiss-Wright Price Performance

NYSE:CW opened at $370.76 on Friday. Curtiss-Wright has a 52 week low of $209.01 and a 52 week high of $393.40. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 1.98. The firm’s 50-day simple moving average is $348.89 and its 200 day simple moving average is $306.83. The firm has a market cap of $14.07 billion, a price-to-earnings ratio of 35.08 and a beta of 1.17.

Curtiss-Wright Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Friday, November 22nd will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.23%. The ex-dividend date of this dividend is Friday, November 22nd. Curtiss-Wright’s payout ratio is 7.95%.

Insider Activity

In other news, VP John C. Watts sold 412 shares of the company’s stock in a transaction 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 completion of the transaction, the vice president now directly owns 4,183 shares in the company, valued at approximately $1,503,997.65. This represents a 8.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.67% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Curtiss-Wright

Hedge funds and other institutional investors have recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co grew its holdings in Curtiss-Wright by 1.3% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 23,598 shares of the aerospace company’s stock worth $6,047,000 after acquiring an additional 311 shares during the last quarter. 1832 Asset Management L.P. grew its stake in shares of Curtiss-Wright by 4,028.8% in the first quarter. 1832 Asset Management L.P. now owns 7,019 shares of the aerospace company’s stock worth $1,796,000 after purchasing an additional 6,849 shares during the last quarter. Epoch Investment Partners Inc. grew its stake in shares of Curtiss-Wright by 70.9% in the first quarter. Epoch Investment Partners Inc. now owns 202,261 shares of the aerospace company’s stock worth $51,767,000 after purchasing an additional 83,882 shares during the last quarter. Kingdon Capital Management L.L.C. increased its holdings in Curtiss-Wright by 16.1% in the first quarter. Kingdon Capital Management L.L.C. now owns 33,978 shares of the aerospace company’s stock valued at $8,696,000 after purchasing an additional 4,700 shares during the period. Finally, Tidal Investments LLC bought a new position in Curtiss-Wright during the 1st quarter worth $329,000. Institutional investors 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.