Curtiss-Wright Corporation (NYSE:CW) Given Average Rating of “Moderate Buy” by Analysts

Curtiss-Wright Corporation (NYSE:CW) has been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $547.00.

A number of equities analysts recently commented on CW shares. Citigroup lifted their price objective on Curtiss-Wright from $525.00 to $568.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Truist Financial boosted their price target on shares of Curtiss-Wright from $525.00 to $537.00 and gave the stock a “hold” rating in a research report on Friday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Curtiss-Wright in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $625.00 target price on shares of Curtiss-Wright in a research note on Wednesday, October 8th. Finally, Morgan Stanley upped their price target on shares of Curtiss-Wright from $405.00 to $550.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th.

Curtiss-Wright Stock Performance

NYSE CW opened at $579.77 on Friday. The company has a market capitalization of $21.84 billion, a price-to-earnings ratio of 48.93, a PEG ratio of 3.41 and a beta of 1.12. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.35. Curtiss-Wright has a twelve month low of $266.88 and a twelve month high of $612.28. The stock has a fifty day simple moving average of $538.01 and a 200 day simple moving average of $481.40.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Wednesday, November 5th. The aerospace company reported $3.40 EPS for the quarter, beating analysts’ consensus estimates of $3.28 by $0.12. The firm had revenue of $869.00 million for the quarter, compared to analyst estimates of $869.03 million. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%.The business’s revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.89 EPS. Curtiss-Wright has set its FY 2025 guidance at 12.950-13.200 EPS. Sell-side analysts expect that Curtiss-Wright will post 12.32 EPS for the current year.

Curtiss-Wright Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were given a dividend of $0.24 per share. The ex-dividend date was Friday, September 26th. This represents a $0.96 annualized dividend and a dividend yield of 0.2%. Curtiss-Wright’s dividend payout ratio is presently 8.10%.

Insiders Place Their Bets

In other Curtiss-Wright news, VP John C. Watts sold 1,110 shares of Curtiss-Wright stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $480.50, for a total value of $533,355.00. Following the completion of the sale, the vice president directly owned 3,863 shares in the company, valued at approximately $1,856,171.50. The trade was a 22.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.55% of the company’s stock.

Institutional Trading of Curtiss-Wright

Several large investors have recently modified their holdings of CW. Allianz Asset Management GmbH bought a new stake in shares of Curtiss-Wright in the first quarter valued at $1,926,000. Spire Wealth Management grew its stake in shares of Curtiss-Wright by 21.5% during the 2nd quarter. Spire Wealth Management now owns 549 shares of the aerospace company’s stock worth $268,000 after acquiring an additional 97 shares during the period. Massachusetts Wealth Management purchased a new stake in Curtiss-Wright in the 2nd quarter worth about $266,000. PNC Financial Services Group Inc. raised its stake in Curtiss-Wright by 47.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,641 shares of the aerospace company’s stock valued at $2,742,000 after acquiring an additional 2,766 shares during the period. Finally, Marks Group Wealth Management Inc raised its stake in Curtiss-Wright by 3.2% in the 1st quarter. Marks Group Wealth Management Inc now owns 27,824 shares of the aerospace company’s stock valued at $8,828,000 after acquiring an additional 870 shares during the period. Institutional investors and hedge funds 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.