Analysts Set Curtiss-Wright Co. (NYSE:CW) PT at $379.00

Curtiss-Wright Co. (NYSE:CW) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $383.00.

CW has been the subject of several analyst reports. Stifel Nicolaus downgraded shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 target price for the company. in a research note on Monday, November 18th. Alembic Global Advisors started coverage on shares of Curtiss-Wright in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price objective for the company. StockNews.com lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd. 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 note on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Curtiss-Wright in a research report on Thursday, December 5th. They issued a “buy” rating and a $452.00 target price on the stock.

Curtiss-Wright Stock Up 2.6 %

NYSE CW opened at $359.92 on Friday. The stock has a market cap of $13.66 billion, a PE ratio of 34.05, a P/E/G ratio of 2.92 and a beta of 1.18. The business has a 50 day moving average price of $364.85 and a two-hundred day moving average price of $329.13. Curtiss-Wright has a fifty-two week low of $217.57 and a fifty-two week high of $393.40. The company has a quick ratio of 1.39, a current ratio of 1.98 and a debt-to-equity ratio of 0.39.

Curtiss-Wright Dividend Announcement

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

Insider Activity at Curtiss-Wright

In other news, VP John C. Watts sold 412 shares of Curtiss-Wright stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total value of $148,134.60. Following the completion of the transaction, the vice president now directly owns 4,183 shares of the company’s stock, valued at approximately $1,503,997.65. The trade was a 8.97 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Lynn M. Bamford sold 7,129 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $368.80, for a total transaction of $2,629,175.20. Following the sale, the chief executive officer now owns 28,688 shares in the company, valued at approximately $10,580,134.40. This trade represents a 19.90 % 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. Corporate insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On Curtiss-Wright

Several institutional investors have recently made changes to their positions in CW. Radnor Capital Management LLC boosted its position in Curtiss-Wright by 3.9% during the 4th quarter. Radnor Capital Management LLC now owns 7,417 shares of the aerospace company’s stock valued at $2,632,000 after purchasing an additional 276 shares during the period. Park Avenue Securities LLC lifted its stake in Curtiss-Wright by 23.1% in the fourth quarter. Park Avenue Securities LLC now owns 5,615 shares of the aerospace company’s stock valued at $1,993,000 after buying an additional 1,054 shares during the last quarter. Kathmere Capital Management LLC boosted its holdings in shares of Curtiss-Wright by 8.5% during the fourth quarter. Kathmere Capital Management LLC now owns 731 shares of the aerospace company’s stock valued at $259,000 after acquiring an additional 57 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of Curtiss-Wright during the fourth quarter worth about $13,395,000. Finally, Wallace Advisory Group LLC acquired a new stake in shares of Curtiss-Wright in the 4th quarter worth about $208,000. 82.71% of the stock is owned by institutional investors.

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.