Curtiss-Wright Co. (NYSE:CW) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Curtiss-Wright Co. (NYSE:CW) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $379.00.

Several brokerages recently issued reports on CW. Morgan Stanley increased their price objective on Curtiss-Wright from $334.00 to $395.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Truist Financial increased their price target on shares of Curtiss-Wright from $304.00 to $333.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft started coverage on shares of Curtiss-Wright in a research report on Thursday, December 5th. They set a “buy” rating and a $452.00 price objective on the stock. Stifel Nicolaus downgraded shares of Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 target price for the company. in a research report on Monday, November 18th. Finally, Alembic Global Advisors initiated coverage on shares of Curtiss-Wright in a report on Tuesday, October 29th. They set an “overweight” rating and a $412.00 price target on the stock.

Curtiss-Wright Price Performance

Shares of NYSE:CW opened at $349.99 on Friday. The company has a market cap of $13.28 billion, a P/E ratio of 33.11, a price-to-earnings-growth ratio of 2.96 and a beta of 1.19. The company’s fifty day moving average is $364.84 and its two-hundred day moving average is $328.20. The company has a quick ratio of 1.39, a current ratio of 1.98 and a debt-to-equity ratio of 0.39. Curtiss-Wright has a 12-month low of $217.20 and a 12-month high of $393.40.

Curtiss-Wright Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 22nd were issued a dividend of $0.21 per share. The ex-dividend date was Friday, November 22nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.24%. Curtiss-Wright’s dividend payout ratio is currently 7.95%.

Insider Buying and Selling

In other Curtiss-Wright news, VP John C. Watts sold 412 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total transaction of $148,134.60. Following the completion of the sale, the vice president now owns 4,183 shares of the company’s stock, valued at $1,503,997.65. This represents a 8.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lynn M. Bamford sold 7,129 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $368.80, for a total transaction of $2,629,175.20. Following the completion of the transaction, the chief executive officer now directly owns 28,688 shares in the company, valued at approximately $10,580,134.40. This represents a 19.90 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders acquired 116 shares of company stock worth $35,278. Corporate insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On Curtiss-Wright

A number of hedge funds have recently bought and sold shares of CW. Private Advisor Group LLC grew its stake in shares of Curtiss-Wright by 3.5% in the second quarter. Private Advisor Group LLC now owns 2,185 shares of the aerospace company’s stock worth $592,000 after acquiring an additional 73 shares during the last quarter. Caprock Group LLC bought a new stake in Curtiss-Wright in the 2nd quarter valued at $213,000. PFG Investments LLC acquired a new stake in Curtiss-Wright in the 2nd quarter worth $200,000. Prudential PLC bought a new stake in shares of Curtiss-Wright in the second quarter valued at about $339,000. Finally, Choreo LLC acquired a new stake in Curtiss-Wright during the second quarter worth about $466,000. 82.71% of the stock is currently owned by institutional investors.

About Curtiss-Wright

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.