Curtiss-Wright Corporation (CW) – What Are Researchers Saying About This Stock?

Shares of Curtiss-Wright Corporation (NYSE:CW) have received an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $676.38.

A number of equities research analysts recently weighed in on CW shares. Piper Sandler lowered their price target on shares of Curtiss-Wright from $665.00 to $586.00 and set a “neutral” rating for the company in a report on Friday. Weiss Ratings cut shares of Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 4th. Guggenheim initiated coverage on Curtiss-Wright in a research note on Monday, September 14th. They set a “buy” rating and a $786.00 target price for the company. Morgan Stanley dropped their target price on Curtiss-Wright from $860.00 to $625.00 and set an “overweight” rating on the stock in a research report on Friday, October 16th. Finally, Stifel Nicolaus cut their price target on Curtiss-Wright from $700.00 to $518.00 and set a “hold” rating on the stock in a research note on Monday, October 19th.

Curtiss-Wright Stock Down 2.2%

Shares of NYSE:CW opened at $464.02 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.60 and a debt-to-equity ratio of 0.27. Curtiss-Wright has a 52-week low of $453.42 and a 52-week high of $808.16. The company has a 50 day moving average of $557.88 and a two-hundred day moving average of $673.00. The company has a market capitalization of $17.14 billion, a price-to-earnings ratio of 31.94, a price-to-earnings-growth ratio of 1.98 and a beta of 0.88.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Thursday, August 6th. The aerospace company reported $3.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.62 by $0.10. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. The company had revenue of $924.01 million for the quarter, compared to analyst estimates of $926.17 million. During the same quarter last year, the firm posted $3.23 earnings per share. The business’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, analysts forecast that Curtiss-Wright will post 15.33 earnings per share for the current fiscal year.

Curtiss-Wright Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Friday, September 25th were issued a dividend of $0.26 per share. The ex-dividend date was Friday, September 25th. This represents a $1.04 annualized dividend and a yield of 0.2%. This is a boost from Curtiss-Wright’s previous quarterly dividend of $0.24. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.16%.

Insider Buying and Selling

In other Curtiss-Wright news, EVP John Watts sold 1,035 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $619.46, for a total value of $641,141.10. Following the transaction, the executive vice president directly owned 2,736 shares of the company’s stock, valued at $1,694,842.56. This represents a 27.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Larry D. Wyche sold 100 shares of the stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $596.74, for a total value of $59,674.00. Following the transaction, the director owned 1,414 shares of the company’s stock, valued at approximately $843,790.36. This trade represents a 6.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.51% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of Curtiss-Wright during the second quarter worth about $3,448,649,000. Concurrent Investment Advisors LLC increased its holdings in Curtiss-Wright by 220.1% in the second quarter. Concurrent Investment Advisors LLC now owns 3,073 shares of the aerospace company’s stock valued at $2,329,000 after buying an additional 2,113 shares during the last quarter. Nicholas Investment Partners LP acquired a new position in shares of Curtiss-Wright in the 2nd quarter worth approximately $4,737,000. Amundi grew its position in shares of Curtiss-Wright by 47.6% in the 2nd quarter. Amundi now owns 154,668 shares of the aerospace company’s stock worth $117,201,000 after acquiring an additional 49,907 shares in the last quarter. Finally, Louisiana State Employees Retirement System bought a new stake in shares of Curtiss-Wright in the 1st quarter valued at approximately $7,288,000. 82.71% of the stock is owned by institutional investors and hedge funds.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation (NYSE: CW) is a diversified industrial company that provides highly engineered products and services to the aerospace, defense, commercial nuclear power, and general industrial markets. The company designs and manufactures equipment used in applications that require reliable performance in demanding operating environments.

Its products and technologies include motion-control systems, valves, pumps, actuation equipment, sensors, data-acquisition systems, embedded computing products, and aircraft structural components.