Morgan Stanley Increases Curtiss-Wright (NYSE:CW) Price Target to $284.00

Curtiss-Wright (NYSE:CW) had its target price increased by Morgan Stanley from $260.00 to $284.00 in a research note released on Friday morning, Benzinga reports. They currently have an overweight rating on the aerospace company’s stock.

Other research analysts have also recently issued reports about the company. Truist Financial raised their price objective on Curtiss-Wright from $240.00 to $252.00 and gave the company a hold rating in a research note on Friday. Stifel Nicolaus raised their price target on Curtiss-Wright from $255.00 to $272.00 and gave the stock a buy rating in a research report on Wednesday, April 17th. StockNews.com downgraded Curtiss-Wright from a strong-buy rating to a buy rating in a research report on Saturday, April 27th. Finally, Robert W. Baird raised their target price on shares of Curtiss-Wright from $246.00 to $300.00 and gave the stock an outperform rating in a report on Monday, April 8th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Curtiss-Wright currently has a consensus rating of Buy and a consensus price target of $277.00.

Curtiss-Wright Stock Performance

Shares of NYSE CW opened at $273.85 on Friday. The stock’s 50-day moving average is $249.69 and its 200 day moving average is $229.29. The stock has a market cap of $10.49 billion, a price-to-earnings ratio of 28.20 and a beta of 1.18. Curtiss-Wright has a 1-year low of $157.85 and a 1-year high of $279.79. The company has a current ratio of 2.02, a quick ratio of 1.38 and a debt-to-equity ratio of 0.40.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Wednesday, May 1st. The aerospace company reported $1.99 EPS for the quarter, topping the consensus estimate of $1.75 by $0.24. Curtiss-Wright had a net margin of 12.78% and a return on equity of 16.79%. The firm had revenue of $713.17 million for the quarter, compared to the consensus estimate of $664.01 million. During the same period last year, the firm posted $1.53 earnings per share. The business’s revenue was up 13.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Curtiss-Wright will post 10.27 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.20 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.80 annualized dividend and a dividend yield of 0.29%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 8.24%.

Insider Activity at Curtiss-Wright

In related news, VP Paul J. Ferdenzi sold 2,500 shares of Curtiss-Wright stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $240.00, for a total value of $600,000.00. Following the sale, the vice president now owns 17,383 shares in the company, valued at $4,171,920. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CFO K Christopher Farkas sold 925 shares of Curtiss-Wright stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $243.55, for a total transaction of $225,283.75. Following the sale, the chief financial officer now directly owns 10,052 shares in the company, valued at $2,448,164.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Paul J. Ferdenzi sold 2,500 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $240.00, for a total value of $600,000.00. Following the completion of the transaction, the vice president now owns 17,383 shares of the company’s stock, valued at approximately $4,171,920. The disclosure for this sale can be found here. Insiders sold a total of 12,451 shares of company stock worth $3,030,512 over the last quarter. 0.55% of the stock is owned by corporate insiders.

Institutional Trading of Curtiss-Wright

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Commonwealth Equity Services LLC increased its position in Curtiss-Wright by 13.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 15,716 shares of the aerospace company’s stock valued at $3,075,000 after buying an additional 1,836 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Curtiss-Wright by 10.1% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 6,158 shares of the aerospace company’s stock worth $1,205,000 after purchasing an additional 566 shares in the last quarter. Dakota Wealth Management purchased a new stake in Curtiss-Wright during the 3rd quarter valued at about $243,000. Raymond James & Associates increased its stake in Curtiss-Wright by 14.6% during the 3rd quarter. Raymond James & Associates now owns 44,434 shares of the aerospace company’s stock valued at $8,693,000 after purchasing an additional 5,669 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Curtiss-Wright by 0.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,411 shares of the aerospace company’s stock worth $1,450,000 after buying an additional 59 shares during the last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.

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.