Curtiss-Wright (NYSE:CW) Price Target Raised to $270.00

Curtiss-Wright (NYSE:CW) had its target price boosted by Truist Financial from $252.00 to $270.00 in a research report released on Wednesday morning, Benzinga reports. They currently have a hold rating on the aerospace company’s stock.

Other equities research analysts also recently issued research reports about the company. StockNews.com raised Curtiss-Wright from a buy rating to a strong-buy rating in a report on Sunday, May 5th. Stifel Nicolaus lifted their target price on Curtiss-Wright from $293.00 to $310.00 and gave the stock a buy rating in a report on Wednesday. Robert W. Baird lifted their target price on Curtiss-Wright from $246.00 to $300.00 and gave the stock an outperform rating in a report on Monday, April 8th. Finally, Morgan Stanley lifted their target price on Curtiss-Wright from $260.00 to $284.00 and gave the stock an overweight rating in a report on Friday, May 3rd. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Buy and an average price target of $302.50.

Curtiss-Wright Trading Down 0.3 %

CW stock opened at $280.73 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.02 and a quick ratio of 1.38. The company has a fifty day moving average price of $260.47 and a two-hundred day moving average price of $236.45. Curtiss-Wright has a one year low of $157.85 and a one year high of $286.23. The stock has a market cap of $10.75 billion, a price-to-earnings ratio of 28.91 and a beta of 1.18.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, May 1st. The aerospace company reported $1.99 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $664.01 million. During the same period in the previous year, the business posted $1.53 earnings per share. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. Equities analysts anticipate that Curtiss-Wright will post 10.27 EPS for the current year.

Curtiss-Wright Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Monday, June 17th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend is Monday, June 17th. This is an increase from Curtiss-Wright’s previous quarterly dividend of $0.20. Curtiss-Wright’s payout ratio is 8.24%.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, VP Paul J. Ferdenzi sold 2,500 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $250.00, for a total transaction of $625,000.00. Following the completion of the transaction, the vice president now owns 15,942 shares of the company’s stock, valued at $3,985,500. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Curtiss-Wright news, CEO Lynn M. Bamford sold 2,620 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $243.60, for a total transaction of $638,232.00. Following the completion of the transaction, the chief executive officer now owns 35,773 shares of the company’s stock, valued at $8,714,302.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Paul J. Ferdenzi sold 2,500 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $250.00, for a total value of $625,000.00. Following the transaction, the vice president now directly owns 15,942 shares of the company’s stock, valued at approximately $3,985,500. The disclosure for this sale can be found here. Insiders sold a total of 12,451 shares of company stock valued at $3,030,512 over the last quarter. 0.67% of the stock is owned by corporate insiders.

Institutional Trading of Curtiss-Wright

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sequoia Financial Advisors LLC boosted its holdings in shares of Curtiss-Wright by 1.7% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,685 shares of the aerospace company’s stock worth $687,000 after buying an additional 45 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of Curtiss-Wright by 53.6% during the 4th quarter. Venturi Wealth Management LLC now owns 149 shares of the aerospace company’s stock worth $33,000 after buying an additional 52 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Curtiss-Wright by 2.5% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,176 shares of the aerospace company’s stock worth $557,000 after buying an additional 53 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Curtiss-Wright by 18.4% during the 3rd quarter. Signaturefd LLC now owns 366 shares of the aerospace company’s stock worth $72,000 after buying an additional 57 shares in the last quarter. Finally, Montag A & Associates Inc. boosted its holdings in shares of Curtiss-Wright by 67.0% during the 3rd quarter. Montag A & Associates Inc. now owns 152 shares of the aerospace company’s stock worth $30,000 after buying an additional 61 shares in the last quarter. 82.71% of the stock is currently owned by institutional investors.

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.