Stifel Nicolaus Cuts Curtiss-Wright (NYSE:CW) Price Target to $584.00

Curtiss-Wright (NYSE:CW) had its price objective reduced by Stifel Nicolaus from $587.00 to $584.00 in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports. Stifel Nicolaus currently has a hold rating on the aerospace company’s stock.

Other analysts have also recently issued reports about the company. Citigroup initiated coverage on Curtiss-Wright in a research note on Thursday, December 11th. They issued a “neutral” rating and a $607.00 price target on the stock. Morgan Stanley reiterated an “overweight” rating and set a $660.00 price target on shares of Curtiss-Wright in a research note on Tuesday. Truist Financial lifted their price objective on shares of Curtiss-Wright from $525.00 to $537.00 and gave the company a “hold” rating in a research note on Friday, November 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $625.00 target price on shares of Curtiss-Wright in a research note on Wednesday, October 8th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Curtiss-Wright in a research report on Monday, December 8th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $585.50.

Curtiss-Wright Trading Up 1.7%

Shares of CW opened at $542.87 on Tuesday. Curtiss-Wright has a 12-month low of $266.88 and a 12-month high of $612.28. The firm has a market capitalization of $20.02 billion, a P/E ratio of 44.24, a P/E/G ratio of 2.80 and a beta of 0.93. The firm has a 50-day moving average price of $558.89 and a 200 day moving average price of $514.53. The company has a current ratio of 1.75, a quick ratio of 1.17 and a debt-to-equity ratio of 0.38.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Thursday, November 6th. The aerospace company reported $3.40 EPS for the quarter, beating the consensus estimate of $3.28 by $0.12. The business 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 18.82% and a net margin of 13.78%.During the same quarter in the prior year, the company posted $2.89 EPS. The company’s quarterly revenue was up 8.8% on a year-over-year basis. Sell-side analysts forecast that Curtiss-Wright will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were given a $0.24 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.96 annualized dividend and a yield of 0.2%. Curtiss-Wright’s dividend payout ratio (DPR) is 7.82%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Tudor Investment Corp ET AL increased its stake in Curtiss-Wright by 100.3% during the third quarter. Tudor Investment Corp ET AL now owns 89,823 shares of the aerospace company’s stock valued at $48,768,000 after purchasing an additional 44,977 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Curtiss-Wright by 162.7% in the 3rd quarter. Allworth Financial LP now owns 289 shares of the aerospace company’s stock valued at $157,000 after buying an additional 179 shares during the period. IFP Advisors Inc grew its position in shares of Curtiss-Wright by 3.5% during the 3rd quarter. IFP Advisors Inc now owns 683 shares of the aerospace company’s stock valued at $372,000 after buying an additional 23 shares during the last quarter. Swiss Life Asset Management Ltd raised its stake in Curtiss-Wright by 78.9% during the third quarter. Swiss Life Asset Management Ltd now owns 1,750 shares of the aerospace company’s stock worth $950,000 after acquiring an additional 772 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Curtiss-Wright by 3.9% during the third quarter. JPMorgan Chase & Co. now owns 185,218 shares of the aerospace company’s stock worth $100,567,000 after acquiring an additional 7,022 shares during the period. Hedge funds and other institutional investors 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.