Brokerages Set Curtiss-Wright Corporation (CW) PT at $126.67
Curtiss-Wright Corporation (NYSE:CW) has received an average rating of “Buy” from the ten research firms that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $129.86.
CW has been the topic of several recent research reports. Stifel Nicolaus raised their target price on Curtiss-Wright from $117.00 to $124.00 and gave the company a “hold” rating in a report on Friday, October 27th. Zacks Investment Research lowered Curtiss-Wright from a “buy” rating to a “hold” rating in a report on Tuesday, September 5th. SunTrust Banks restated a “buy” rating and set a $128.00 target price on shares of Curtiss-Wright in a report on Friday, October 20th. Finally, Wells Fargo & Company raised their target price on Curtiss-Wright from $100.00 to $120.00 and gave the company a “market perform” rating in a report on Friday, October 27th.
In other news, CEO David Charles Adams sold 17,000 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $119.04, for a total value of $2,023,680.00. Following the sale, the chief executive officer now directly owns 70,570 shares of the company’s stock, valued at $8,400,652.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Glenn E. Tynan sold 6,716 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $118.26, for a total value of $794,234.16. Following the completion of the sale, the vice president now directly owns 62,925 shares in the company, valued at $7,441,510.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 60,488 shares of company stock worth $7,041,956. 1.10% of the stock is currently owned by company insiders.
Several large investors have recently modified their holdings of the company. Prudential Financial Inc. grew its position in Curtiss-Wright by 251.5% during the second quarter. Prudential Financial Inc. now owns 327,613 shares of the aerospace company’s stock worth $30,068,000 after buying an additional 234,409 shares in the last quarter. Royce & Associates LP grew its position in Curtiss-Wright by 14.9% during the second quarter. Royce & Associates LP now owns 38,599 shares of the aerospace company’s stock worth $3,543,000 after buying an additional 5,000 shares in the last quarter. Schroder Investment Management Group acquired a new stake in Curtiss-Wright during the second quarter worth about $13,442,000. Swiss National Bank grew its position in Curtiss-Wright by 1.6% during the second quarter. Swiss National Bank now owns 70,400 shares of the aerospace company’s stock worth $6,461,000 after buying an additional 1,100 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in Curtiss-Wright by 15.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 522,366 shares of the aerospace company’s stock worth $47,943,000 after buying an additional 68,431 shares in the last quarter. 77.46% of the stock is currently owned by institutional investors.
Shares of Curtiss-Wright (NYSE CW) traded up $1.48 during trading hours on Thursday, hitting $122.54. The company had a trading volume of 259,260 shares, compared to its average volume of 245,489. The company has a current ratio of 2.08, a quick ratio of 1.48 and a debt-to-equity ratio of 0.55. Curtiss-Wright has a twelve month low of $82.77 and a twelve month high of $125.00. The stock has a market capitalization of $5,440.00, a price-to-earnings ratio of 25.89, a price-to-earnings-growth ratio of 2.11 and a beta of 1.26.
Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Wednesday, October 25th. The aerospace company reported $1.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.21. Curtiss-Wright had a return on equity of 15.60% and a net margin of 9.70%. The business had revenue of $567.90 million during the quarter, compared to analyst estimates of $539.28 million. During the same period last year, the company earned $1.02 earnings per share. Curtiss-Wright’s quarterly revenue was up 12.0% compared to the same quarter last year. sell-side analysts anticipate that Curtiss-Wright will post 4.75 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 29th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.49%. The ex-dividend date is Tuesday, November 28th. Curtiss-Wright’s dividend payout ratio is currently 12.35%.
Curtiss-Wright Corporation is a manufacturing and service company that designs, manufactures, and overhauls precision components and provides engineered products and services to the aerospace, defense, power generation and general industrial markets. The Company operates through three segments: Commercial/Industrial, Defense and Power.
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