Curtiss-Wright Corporation (NYSE:CW) Stock Rated “Moderate Buy” by Sell-Side Brokerages

Shares of Curtiss-Wright Corporation (NYSE:CW) have earned an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $676.38.

Several analysts have weighed in on CW shares. Weiss Ratings lowered Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 4th. Piper Sandler dropped their price target on Curtiss-Wright from $665.00 to $586.00 and set a “neutral” rating for the company in a research report on Friday. Morgan Stanley decreased their price objective on shares of Curtiss-Wright from $860.00 to $625.00 and set an “overweight” rating on the stock in a research report on Friday, October 16th. Citigroup lowered their price objective on shares of Curtiss-Wright from $793.00 to $622.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 7th. Finally, Stifel Nicolaus lowered their price objective on shares of Curtiss-Wright from $700.00 to $518.00 and set a “hold” rating on the stock in a research note on Monday, October 19th.

Insider Activity at Curtiss-Wright

In related news, EVP John C. Watts sold 1,035 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $619.46, for a total value of $641,141.10. Following the sale, the executive vice president owned 2,736 shares of the company’s stock, valued at approximately $1,694,842.56. This represents a 27.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Larry D. Wyche sold 100 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $596.74, for a total value of $59,674.00. Following the completion of the sale, the director directly owned 1,414 shares in the company, valued at approximately $843,790.36. The trade was a 6.61% decrease in their position. The SEC filing for this sale provides additional information. 0.51% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Curtiss-Wright

Institutional investors have recently made changes to their positions in the stock. EULAV Asset Management increased its position in shares of Curtiss-Wright by 16.1% in the third quarter. EULAV Asset Management now owns 32,769 shares of the aerospace company’s stock worth $17,820,000 after acquiring an additional 4,553 shares in the last quarter. Inspire Investing LLC increased its holdings in Curtiss-Wright by 10.1% in the 3rd quarter. Inspire Investing LLC now owns 14,440 shares of the aerospace company’s stock valued at $7,853,000 after purchasing an additional 1,320 shares in the last quarter. Cadinha & Co. LLC increased its holdings in Curtiss-Wright by 5.0% in the 3rd quarter. Cadinha & Co. LLC now owns 2,603 shares of the aerospace company’s stock valued at $1,416,000 after purchasing an additional 125 shares in the last quarter. Cardinal Capital Management raised its position in Curtiss-Wright by 1.1% in the third quarter. Cardinal Capital Management now owns 10,342 shares of the aerospace company’s stock valued at $5,627,000 after purchasing an additional 113 shares during the period. Finally, Crossmark Global Holdings Inc. raised its position in Curtiss-Wright by 2.3% in the third quarter. Crossmark Global Holdings Inc. now owns 3,076 shares of the aerospace company’s stock valued at $1,673,000 after purchasing an additional 69 shares during the period. 82.71% of the stock is owned by institutional investors and hedge funds.

Curtiss-Wright Trading Down 2.2%

Shares of CW opened at $464.02 on Friday. The firm’s 50-day moving average is $557.88 and its two-hundred day moving average is $673.00. Curtiss-Wright has a twelve month low of $453.42 and a twelve month high of $808.16. The company has a current ratio of 1.60, a quick ratio of 1.12 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $17.14 billion, a P/E ratio of 31.94, a PEG ratio of 1.98 and a beta of 0.88.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Thursday, August 6th. The aerospace company reported $3.72 earnings per share for the quarter, topping analysts’ consensus estimates of $3.62 by $0.10. Curtiss-Wright had a return on equity of 20.49% and a net margin of 14.81%. The business had revenue of $924.01 million for the quarter, compared to analysts’ expectations of $926.17 million. During the same quarter in the prior year, the firm posted $3.23 EPS. The company’s revenue was up 5.4% compared to the same quarter last year. On average, research analysts predict that Curtiss-Wright will post 15.33 earnings per share for the current fiscal year.

Curtiss-Wright Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Friday, September 25th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.2%. This is a boost from Curtiss-Wright’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, September 25th. Curtiss-Wright’s payout ratio is currently 7.16%.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation (NYSE: CW) is a diversified industrial company that provides highly engineered products and services to the aerospace, defense, commercial nuclear power, and general industrial markets. The company designs and manufactures equipment used in applications that require reliable performance in demanding operating environments.

Its products and technologies include motion-control systems, valves, pumps, actuation equipment, sensors, data-acquisition systems, embedded computing products, and aircraft structural components.