Curtiss-Wright (NYSE:CW) Upgraded by Wall Street Zen to “Buy” Rating

by · The Cerbat Gem

Wall Street Zen upgraded shares of Curtiss-Wright (NYSE:CW – Free Report) from a hold rating to a buy rating in a research report released on Saturday morning.

Other equities analysts also recently issued research reports about the stock. Stifel Nicolaus cut their price target on shares of Curtiss-Wright from $587.00 to $584.00 and set a “hold” rating on the stock in a research note on Tuesday, December 16th. Citigroup assumed coverage on Curtiss-Wright in a research report on Thursday, December 11th. They issued a “neutral” rating and a $607.00 target price on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a research report on Monday, December 22nd. Truist Financial set a $603.00 price target on Curtiss-Wright in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $625.00 price objective on shares of Curtiss-Wright in a research note on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $596.50.

View Our Latest Report on CW

Curtiss-Wright Stock Performance

Curtiss-Wright stock opened at $606.08 on Friday. The stock has a fifty day moving average price of $560.87 and a 200 day moving average price of $527.05. Curtiss-Wright has a 52 week low of $266.88 and a 52 week high of $612.28. The firm has a market capitalization of $22.35 billion, a P/E ratio of 49.40, a PEG ratio of 2.75 and a beta of 0.95. 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 – Get Free Report) last posted 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 company had revenue of $869.00 million during the quarter, compared to analysts’ expectations of $869.03 million. Curtiss-Wright had a return on equity of 18.82% and a net margin of 13.78%.The firm’s revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.89 EPS. Equities research analysts anticipate that Curtiss-Wright will post 12.32 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were given a dividend of $0.24 per share. 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 payout ratio is 7.82%.

Insiders Place Their Bets

In other Curtiss-Wright news, EVP John C. Watts sold 288 shares of the stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $600.00, for a total value of $172,800.00. Following the completion of the sale, the executive vice president owned 3,188 shares of the company’s stock, valued at $1,912,800. This trade represents a 8.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders sold 513 shares of company stock valued at $302,586. 0.55% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Atlantic Union Bankshares Corp acquired a new position in Curtiss-Wright in the 3rd quarter worth $26,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Curtiss-Wright during the second quarter valued at about $27,000. Penserra Capital Management LLC purchased a new stake in shares of Curtiss-Wright during the second quarter worth about $29,000. Larson Financial Group LLC lifted its stake in shares of Curtiss-Wright by 53.8% in the third quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 21 shares in the last quarter. Finally, First Horizon Corp acquired a new position in shares of Curtiss-Wright in the third quarter worth about $34,000. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Curtiss-Wright Company Profile

(Get Free Report)

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.

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