StockNews.com Lowers Curtiss-Wright (NYSE:CW) to Buy

StockNews.com lowered shares of Curtiss-Wright (NYSE:CW) from a strong-buy rating to a buy rating in a research note published on Wednesday morning.

A number of other research analysts have also recently issued reports on the company. Truist Financial raised their price objective on Curtiss-Wright from $252.00 to $270.00 and gave the company a hold rating in a research note on Wednesday, May 22nd. Stifel Nicolaus raised their price target on Curtiss-Wright from $310.00 to $318.00 and gave the stock a buy rating in a research report on Thursday, July 18th. Robert W. Baird boosted their price objective on Curtiss-Wright from $246.00 to $300.00 and gave the company an outperform rating in a research report on Monday, April 8th. Finally, Morgan Stanley raised their target price on shares of Curtiss-Wright from $284.00 to $330.00 and gave the stock an overweight rating in a report on Thursday, May 23rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of $304.50.

Curtiss-Wright Stock Performance

NYSE:CW opened at $275.39 on Wednesday. The company has a market capitalization of $10.55 billion, a price-to-earnings ratio of 28.36 and a beta of 1.18. The business has a 50 day moving average of $277.10 and a 200 day moving average of $257.56. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.02 and a quick ratio of 1.38. Curtiss-Wright has a 1-year low of $190.64 and a 1-year high of $297.53.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Wednesday, May 1st. The aerospace company reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.24. The company had revenue of $713.17 million during the quarter, compared to analysts’ expectations of $664.01 million. Curtiss-Wright had a net margin of 12.78% and a return on equity of 16.79%. The firm’s revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.53 EPS. On average, sell-side analysts predict that Curtiss-Wright will post 10.25 earnings per share for the current fiscal year.

Curtiss-Wright Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Monday, June 17th were issued a $0.21 dividend. The ex-dividend date of this dividend was Monday, June 17th. This represents a $0.84 annualized dividend and a yield of 0.31%. This is a boost from Curtiss-Wright’s previous quarterly dividend of $0.20. Curtiss-Wright’s dividend payout ratio (DPR) is 8.65%.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, Director S Marce Fuller sold 5,300 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $281.04, for a total transaction of $1,489,512.00. Following the transaction, the director now directly owns 25,770 shares of the company’s stock, valued at approximately $7,242,400.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Curtiss-Wright news, Director S Marce Fuller sold 5,300 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $281.04, for a total value of $1,489,512.00. Following the completion of the sale, the director now directly owns 25,770 shares in the company, valued at $7,242,400.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Kevin Rayment sold 8,415 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $281.67, for a total value of $2,370,253.05. Following the transaction, the chief operating officer now owns 19,914 shares in the company, valued at approximately $5,609,176.38. The disclosure for this sale can be found here. In the last three months, insiders have acquired 120 shares of company stock worth $27,914. 0.67% of the stock is currently owned by insiders.

Institutional Trading of Curtiss-Wright

Several large investors have recently modified their holdings of the company. Raymond James & Associates grew its stake in shares of Curtiss-Wright by 2.4% during the 4th quarter. Raymond James & Associates now owns 45,520 shares of the aerospace company’s stock valued at $10,141,000 after purchasing an additional 1,086 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in Curtiss-Wright by 71.8% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 6,994 shares of the aerospace company’s stock worth $1,558,000 after acquiring an additional 2,924 shares during the period. Global Retirement Partners LLC boosted its stake in shares of Curtiss-Wright by 37.4% during the 4th quarter. Global Retirement Partners LLC now owns 360 shares of the aerospace company’s stock worth $79,000 after acquiring an additional 98 shares during the last quarter. Venturi Wealth Management LLC grew its position 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 valued at $33,000 after acquiring an additional 52 shares during the period. Finally, Trust Point Inc. purchased a new stake in shares of Curtiss-Wright in the 4th quarter worth $363,000. 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.