Curtiss-Wright (NYSE:CW) Research Coverage Started at Alembic Global Advisors

Alembic Global Advisors started coverage on shares of Curtiss-Wright (NYSE:CW) in a research note released on Tuesday, Marketbeat reports. The brokerage issued an overweight rating and a $412.00 target price on the aerospace company’s stock.

A number of other equities analysts have also recently weighed in on CW. StockNews.com cut shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd. Robert W. Baird boosted their price target on Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Truist Financial raised their price objective on Curtiss-Wright from $270.00 to $304.00 and gave the company a “hold” rating in a research note on Friday, October 18th. Finally, Stifel Nicolaus increased their target price 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 five have issued a buy rating to the company. Based on data from MarketBeat.com, Curtiss-Wright currently has an average rating of “Moderate Buy” and an average target price of $343.80.

Curtiss-Wright Trading Down 2.5 %

Shares of CW opened at $344.92 on Tuesday. Curtiss-Wright has a 12 month low of $196.10 and a 12 month high of $371.04. The stock’s 50-day moving average is $329.14 and its two-hundred day moving average is $294.25. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.05 and a quick ratio of 1.42. The stock has a market cap of $13.21 billion, a PE ratio of 32.63 and a beta of 1.18.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.43. The firm had revenue of $785.00 million during the quarter, compared to analysts’ expectations of $735.82 million. Curtiss-Wright had a return on equity of 17.07% and a net margin of 13.05%. Curtiss-Wright’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.15 EPS. Equities analysts forecast that Curtiss-Wright will post 10.56 earnings per share for the current fiscal 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 given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.24%. The ex-dividend date of this dividend was Friday, September 27th. Curtiss-Wright’s dividend payout ratio is currently 7.95%.

Insider Buying and Selling

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

Institutional Trading of Curtiss-Wright

Several hedge funds have recently made changes to their positions in CW. Versant Capital Management Inc grew its position in Curtiss-Wright by 5,050.0% in the 2nd quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 101 shares during the last quarter. GPS Wealth Strategies Group LLC bought a new position in Curtiss-Wright in the 2nd quarter worth approximately $30,000. EverSource Wealth Advisors LLC increased its position in Curtiss-Wright by 1,933.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company’s stock valued at $31,000 after acquiring an additional 116 shares during the period. Tsfg LLC boosted its position in Curtiss-Wright by 191.4% during the 3rd quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock worth $34,000 after acquiring an additional 67 shares during the period. Finally, UMB Bank n.a. boosted its position in Curtiss-Wright by 303.8% during the 3rd quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock worth $35,000 after acquiring an additional 79 shares during the period. 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.