Curtiss-Wright (NYSE:CW) Upgraded at Wall Street Zen

by · The Cerbat Gem

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

CW has been the subject of several other reports. Stifel Nicolaus dropped their target price on shares of Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating for the company in a research report on Monday, April 14th. Robert W. Baird lifted their price target on shares of Curtiss-Wright from $432.00 to $500.00 and gave the company an “outperform” rating in a research report on Thursday, May 22nd. Truist Financial lowered their price target on shares of Curtiss-Wright from $356.00 to $338.00 and set a “hold” rating for the company in a research report on Friday. Finally, Citigroup lifted their price target on shares of Curtiss-Wright from $444.00 to $520.00 and gave the company a “buy” rating in a research report on Monday, June 9th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and a consensus price target of $424.86.

Read Our Latest Report on Curtiss-Wright

Curtiss-Wright Trading Up 2.8%

NYSE:CW opened at $486.74 on Friday. The company has a 50-day moving average price of $446.23 and a 200-day moving average price of $373.25. Curtiss-Wright has a 12 month low of $258.85 and a 12 month high of $493.95. The company has a current ratio of 1.89, a quick ratio of 1.28 and a debt-to-equity ratio of 0.37. The stock has a market cap of $18.33 billion, a price-to-earnings ratio of 43.30, a P/E/G ratio of 2.99 and a beta of 1.15.

Curtiss-Wright (NYSE:CW – Get Free Report) last posted its earnings results on Wednesday, May 7th. The aerospace company reported $2.82 EPS for the quarter, topping the consensus estimate of $2.39 by $0.43. Curtiss-Wright had a net margin of 13.38% and a return on equity of 18.02%. The firm had revenue of $805.65 million during the quarter, compared to analysts’ expectations of $767.32 million. During the same period last year, the company posted $1.99 EPS. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. Equities analysts predict that Curtiss-Wright will post 12.32 EPS for the current year.

Curtiss-Wright Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 7th. Shareholders of record on Monday, June 16th were paid a dividend of $0.24 per share. This is a positive change from Curtiss-Wright’s previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date was Monday, June 16th. Curtiss-Wright’s dividend payout ratio (DPR) is currently 8.54%.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, VP John C. Watts sold 450 shares of the firm’s stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $449.36, for a total transaction of $202,212.00. Following the completion of the sale, the vice president directly owned 4,959 shares in the company, valued at approximately $2,228,376.24. This trade represents a 8.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bruce D. Hoechner sold 1,900 shares of the firm’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $448.00, for a total transaction of $851,200.00. Following the sale, the director owned 4,523 shares of the company’s stock, valued at approximately $2,026,304. This represents a 29.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,130 shares of company stock worth $2,726,412. 0.55% of the stock is owned by corporate insiders.

Institutional Trading of Curtiss-Wright

Large investors have recently made changes to their positions in the stock. Whipplewood Advisors LLC boosted its holdings in shares of Curtiss-Wright by 1,566.7% in the first quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company’s stock worth $32,000 after buying an additional 94 shares during the last quarter. 1 North Wealth Services LLC purchased a new position in shares of Curtiss-Wright in the first quarter worth approximately $32,000. Minot DeBlois Advisors LLC purchased a new position in shares of Curtiss-Wright in the fourth quarter worth approximately $35,000. Private Trust Co. NA boosted its holdings in shares of Curtiss-Wright by 13,800.0% in the first quarter. Private Trust Co. NA now owns 139 shares of the aerospace company’s stock worth $44,000 after buying an additional 138 shares during the last quarter. Finally, Ancora Advisors LLC purchased a new position in shares of Curtiss-Wright in the fourth quarter worth approximately $49,000. 82.71% of the stock is currently owned by institutional investors.

Curtiss-Wright Company Profile

(Get Free Report)

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.

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