Analysts Set Curtiss-Wright Corporation (NYSE:CW) Target Price at $746.67

Curtiss-Wright Corporation (NYSE:CW) has been given an average recommendation of “Moderate Buy” by the six research firms that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $746.6667.

Several research firms have recently commented on CW. Robert W. Baird set a $870.00 target price on shares of Curtiss-Wright in a report on Friday, May 8th. Citigroup boosted their target price on shares of Curtiss-Wright from $728.00 to $775.00 and gave the stock a “neutral” rating in a report on Monday, May 18th. Stifel Nicolaus set a $724.00 target price on shares of Curtiss-Wright in a report on Friday, May 8th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a research report on Wednesday, May 13th.

Insider Buying and Selling

In related news, EVP John C. Watts sold 220 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $752.91, for a total value of $165,640.20. Following the sale, the executive vice president owned 3,962 shares in the company, valued at approximately $2,983,029.42. The trade was a 5.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lynn M. Bamford sold 2,500 shares of the business’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $721.72, for a total transaction of $1,804,300.00. Following the completion of the sale, the chief executive officer owned 48,134 shares in the company, valued at $34,739,270.48. This represents a 4.94% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 3,119 shares of company stock worth $2,257,998. Insiders own 0.51% of the company’s stock.

Institutional Investors Weigh In On Curtiss-Wright

Several large investors have recently bought and sold shares of CW. Norges Bank bought a new stake in Curtiss-Wright in the fourth quarter worth $290,633,000. Corient Private Wealth LLC increased its position in Curtiss-Wright by 6,169.8% during the fourth quarter. Corient Private Wealth LLC now owns 406,531 shares of the aerospace company’s stock valued at $224,108,000 after acquiring an additional 400,047 shares during the last quarter. Franklin Resources Inc. increased its position in Curtiss-Wright by 61.0% during the fourth quarter. Franklin Resources Inc. now owns 490,489 shares of the aerospace company’s stock valued at $270,392,000 after acquiring an additional 185,887 shares during the last quarter. Axiom Investors LLC DE bought a new position in Curtiss-Wright during the fourth quarter valued at $76,892,000. Finally, AQR Capital Management LLC increased its position in Curtiss-Wright by 45.8% during the second quarter. AQR Capital Management LLC now owns 388,493 shares of the aerospace company’s stock valued at $189,468,000 after acquiring an additional 122,048 shares during the last quarter. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Price Performance

CW stock opened at $747.45 on Friday. Curtiss-Wright has a one year low of $463.00 and a one year high of $800.00. The company’s fifty day moving average price is $737.23 and its 200-day moving average price is $679.65. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 1.52. The company has a market capitalization of $27.61 billion, a PE ratio of 54.76, a price-to-earnings-growth ratio of 3.46 and a beta of 0.85.

Curtiss-Wright (NYSE:CW) last released its earnings results on Thursday, May 7th. The aerospace company reported $3.48 EPS for the quarter, topping the consensus estimate of $3.32 by $0.16. Curtiss-Wright had a net margin of 14.17% and a return on equity of 20.00%. The firm had revenue of $913.69 million for the quarter, compared to the consensus estimate of $863.83 million. During the same quarter in the previous year, the firm earned $2.82 earnings per share. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. On average, equities analysts anticipate that Curtiss-Wright will post 15.17 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 15th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.1%. The ex-dividend date is Monday, June 15th. Curtiss-Wright’s payout ratio is currently 7.62%.

About Curtiss-Wright

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.