Curtiss-Wright (NYSE:CW) Price Target Raised to $333.00

Curtiss-Wright (NYSE:CW) had its price objective raised by Truist Financial from $304.00 to $333.00 in a research report released on Friday, Benzinga reports. The brokerage currently has a hold rating on the aerospace company’s stock.

Several other equities analysts have also recently commented on the stock. Alembic Global Advisors began coverage on shares of Curtiss-Wright in a research note on Tuesday, October 29th. They set an “overweight” rating and a $412.00 target price for the company. StockNews.com cut shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd. Stifel Nicolaus boosted 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. Finally, Robert W. Baird raised their price objective on Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $349.60.

Curtiss-Wright Trading Up 1.1 %

Shares of CW stock opened at $348.82 on Friday. Curtiss-Wright has a 12 month low of $198.45 and a 12 month high of $371.04. The company has a market cap of $13.36 billion, a PE ratio of 33.00 and a beta of 1.17. The company has a quick ratio of 1.42, a current ratio of 1.98 and a debt-to-equity ratio of 0.39. The business’s 50 day moving average is $329.92 and its two-hundred day moving average is $295.27.

Curtiss-Wright (NYSE:CW) last announced its earnings results on Wednesday, August 7th. The aerospace company reported $2.67 EPS for the quarter, topping the consensus estimate of $2.24 by $0.43. Curtiss-Wright had a net margin of 13.20% and a return on equity of 17.21%. The firm had revenue of $785.00 million for the quarter, compared to the consensus estimate of $735.82 million. During the same quarter last year, the firm posted $2.15 EPS. The business’s quarterly revenue was up 11.4% on a year-over-year basis. Equities analysts predict that Curtiss-Wright will post 10.6 EPS for the current year.

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were paid a dividend of $0.21 per share. The ex-dividend date was Friday, September 27th. This represents a $0.84 annualized dividend and a yield of 0.24%. Curtiss-Wright’s dividend payout ratio is currently 7.95%.

Insider Buying and Selling at Curtiss-Wright

In other news, Director Glenda J. Minor sold 500 shares of Curtiss-Wright stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $302.80, for a total value of $151,400.00. Following the completion of the transaction, the director now owns 1,382 shares in the company, valued at approximately $418,469.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CW. Versant Capital Management Inc boosted its holdings in Curtiss-Wright by 5,050.0% in the second quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company’s stock valued at $28,000 after acquiring an additional 101 shares during the last quarter. GPS Wealth Strategies Group LLC bought a new stake in Curtiss-Wright during the 2nd quarter worth approximately $30,000. EverSource Wealth Advisors LLC raised its holdings in shares of Curtiss-Wright by 1,933.3% during the first quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company’s stock worth $31,000 after acquiring an additional 116 shares during the period. Tsfg LLC raised its stake in shares of Curtiss-Wright by 191.4% in the 3rd quarter. Tsfg LLC now owns 102 shares of the aerospace company’s stock valued at $34,000 after purchasing an additional 67 shares during the period. Finally, UMB Bank n.a. lifted its stake in Curtiss-Wright by 303.8% in the 3rd quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock valued at $35,000 after acquiring an additional 79 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

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.