Curtiss-Wright Co. (NYSE:CW) Receives $364.40 Consensus Target Price from Brokerages

Curtiss-Wright Co. (NYSE:CW) has received an average rating of “Moderate Buy” from the five research firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $364.40.

Several equities analysts have recently weighed in on the company. Alembic Global Advisors started coverage on Curtiss-Wright in a research report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 target price on the stock. Truist Financial lifted their price target on shares of Curtiss-Wright from $304.00 to $333.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Morgan Stanley increased their price objective on shares of Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Robert W. Baird boosted their target price on Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Finally, Stifel Nicolaus downgraded Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target on the stock. in a report on Monday, November 18th.

Curtiss-Wright Trading Up 0.7 %

Shares of NYSE CW opened at $373.80 on Friday. The stock has a market capitalization of $14.18 billion, a P/E ratio of 35.36 and a beta of 1.17. Curtiss-Wright has a 1-year low of $211.41 and a 1-year high of $393.40. The business’s 50 day moving average is $353.48 and its two-hundred day moving average is $309.50. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.39.

Curtiss-Wright Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.21 per share. The ex-dividend date is Friday, November 22nd. This represents a $0.84 annualized dividend and a dividend yield of 0.22%. Curtiss-Wright’s dividend payout ratio is presently 7.95%.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, VP John C. Watts sold 412 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total transaction of $148,134.60. Following the sale, the vice president now owns 4,183 shares of the company’s stock, valued at approximately $1,503,997.65. The trade was a 8.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.67% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Curtiss-Wright

A number of large investors have recently made changes to their positions in the stock. International Assets Investment Management LLC grew its stake in Curtiss-Wright by 32,425.8% during the 3rd quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company’s stock valued at $133,102,000 after purchasing an additional 403,701 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in Curtiss-Wright by 30,079.2% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 302,396 shares of the aerospace company’s stock worth $81,943,000 after buying an additional 301,394 shares during the last quarter. Congress Asset Management Co. boosted its holdings in shares of Curtiss-Wright by 136.8% in the 3rd quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company’s stock valued at $150,893,000 after acquiring an additional 265,205 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Curtiss-Wright in the second quarter worth $41,383,000. Finally, World Investment Advisors LLC purchased a new position in shares of Curtiss-Wright during the third quarter worth $47,220,000. 82.71% of the stock is owned by hedge funds and other 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.