Truist Financial Increases Curtiss-Wright (NYSE:CW) Price Target to $304.00

Curtiss-Wright (NYSE:CW) had its target price boosted by Truist Financial from $270.00 to $304.00 in a report published on Friday, MarketBeat Ratings reports. They currently have a hold rating on the aerospace company’s stock.

Other analysts have also recently issued research reports about the stock. StockNews.com cut shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd. Robert W. Baird increased their price objective on shares of Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Finally, Stifel Nicolaus lifted their price target on Curtiss-Wright from $318.00 to $361.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and an average price target of $326.75.

Curtiss-Wright Stock Down 0.1 %

Shares of Curtiss-Wright stock opened at $364.14 on Friday. The company has a quick ratio of 1.42, a current ratio of 2.05 and a debt-to-equity ratio of 0.39. Curtiss-Wright has a 12-month low of $194.46 and a 12-month high of $367.55. The stock has a 50 day moving average price of $320.07 and a two-hundred day moving average price of $288.71. The stock has a market capitalization of $13.95 billion, a P/E ratio of 37.50 and a beta of 1.18.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Wednesday, August 7th. The aerospace company reported $2.67 EPS for the quarter, beating the consensus estimate of $2.24 by $0.43. Curtiss-Wright had a net margin of 13.05% and a return on equity of 17.07%. The company had revenue of $785.00 million for the quarter, compared to the consensus estimate of $735.82 million. During the same quarter in the previous year, the company earned $2.15 EPS. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. Equities analysts expect that Curtiss-Wright will post 10.56 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend was Friday, September 27th. Curtiss-Wright’s dividend payout ratio (DPR) is currently 8.65%.

Insider Activity at Curtiss-Wright

In related news, Director Glenda J. Minor sold 500 shares of Curtiss-Wright stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $302.80, for a total transaction of $151,400.00. Following the transaction, the director now owns 1,382 shares of the company’s stock, valued at $418,469.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.67% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Sequoia Financial Advisors LLC lifted its stake in shares of Curtiss-Wright by 1.7% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,685 shares of the aerospace company’s stock valued at $687,000 after buying an additional 45 shares in the last quarter. CIBC Asset Management Inc raised its holdings in shares of Curtiss-Wright by 4.5% during the 2nd quarter. CIBC Asset Management Inc now owns 1,066 shares of the aerospace company’s stock valued at $289,000 after buying an additional 46 shares in the last quarter. Dorsey Wright & Associates lifted its holdings in shares of Curtiss-Wright by 0.4% in the 2nd quarter. Dorsey Wright & Associates now owns 13,002 shares of the aerospace company’s stock worth $3,523,000 after acquiring an additional 47 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in Curtiss-Wright by 2.5% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 2,176 shares of the aerospace company’s stock worth $557,000 after purchasing an additional 53 shares during the last quarter. Finally, Tsfg LLC boosted its holdings in Curtiss-Wright by 191.4% during the 3rd quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock valued at $34,000 after acquiring an additional 67 shares during the period. Hedge funds and other 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.