Curtiss-Wright (NYSE:CW) Upgraded at StockNews.com

StockNews.com upgraded shares of Curtiss-Wright (NYSE:CW) from a buy rating to a strong-buy rating in a report released on Thursday morning.

Several other equities research analysts have also issued reports on the company. Stifel Nicolaus lifted their price target on Curtiss-Wright from $310.00 to $318.00 and gave the company a buy rating in a report on Thursday, July 18th. Robert W. Baird increased their price objective on Curtiss-Wright from $300.00 to $312.00 and gave the stock an outperform rating in a report on Friday, August 9th. Morgan Stanley increased their price objective on Curtiss-Wright from $284.00 to $330.00 and gave the stock an overweight rating in a report on Thursday, May 23rd. Finally, Truist Financial increased their price objective on Curtiss-Wright from $252.00 to $270.00 and gave the stock a hold rating in a report on Wednesday, May 22nd. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of Buy and a consensus price target of $307.50.

Curtiss-Wright Stock Performance

CW stock opened at $309.95 on Thursday. The firm has a 50 day simple moving average of $292.30 and a 200 day simple moving average of $272.64. Curtiss-Wright has a 52 week low of $190.64 and a 52 week high of $318.20. The stock has a market cap of $11.87 billion, a P/E ratio of 31.92 and a beta of 1.18. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.42 and a current ratio of 2.05.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.43. Curtiss-Wright had a net margin of 13.05% and a return on equity of 17.07%. The company had revenue of $785.00 million during the quarter, compared to analyst estimates of $735.82 million. During the same quarter last year, the business posted $2.15 EPS. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. Research analysts anticipate that Curtiss-Wright will post 10.55 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be issued a dividend of $0.21 per share. The ex-dividend date is Friday, September 27th. This represents a $0.84 annualized dividend and a yield of 0.27%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 8.65%.

Insider Buying and Selling at Curtiss-Wright

In other news, Director Glenda J. Minor sold 500 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $302.80, for a total value of $151,400.00. Following the sale, the director now owns 1,382 shares in the company, valued at $418,469.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have purchased a total of 120 shares of company stock worth $27,914 over the last 90 days. Insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On Curtiss-Wright

Institutional investors and hedge funds have recently bought and sold shares of the stock. Versant Capital Management Inc boosted its stake in Curtiss-Wright by 5,050.0% during the second quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company’s stock worth $28,000 after buying an additional 101 shares in the last quarter. GPS Wealth Strategies Group LLC acquired a new stake in Curtiss-Wright during the second quarter worth $30,000. EverSource Wealth Advisors LLC boosted its stake in Curtiss-Wright by 1,933.3% during the first quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company’s stock worth $31,000 after buying an additional 116 shares in the last quarter. Creekmur Asset Management LLC acquired a new stake in Curtiss-Wright during the fourth quarter worth $32,000. Finally, Sachetta LLC acquired a new stake in Curtiss-Wright during the fourth quarter worth $45,000. 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.