Curtiss-Wright Corp. (NYSE:CW) has earned a consensus recommendation of “Buy” from the ten analysts that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $137.63.
CW has been the subject of a number of recent research reports. Robert W. Baird initiated coverage on Curtiss-Wright in a research report on Tuesday, December 5th. They set an “outperform” rating and a $149.00 price objective for the company. Stifel Nicolaus increased their price objective on Curtiss-Wright from $126.00 to $139.00 and gave the stock a “hold” rating in a research report on Tuesday, January 16th. William Blair reaffirmed a “market perform” rating on shares of Curtiss-Wright in a research report on Thursday, February 22nd. Seaport Global Securities reaffirmed a “buy” rating and set a $150.00 price objective on shares of Curtiss-Wright in a research report on Monday, February 26th. Finally, Zacks Investment Research cut Curtiss-Wright from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st.
In other news, VP Tom P. Quinly sold 14,500 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $137.26, for a total value of $1,990,270.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Albert E. Smith sold 1,700 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $122.35, for a total value of $207,995.00. The disclosure for this sale can be found here. Insiders sold a total of 53,854 shares of company stock valued at $7,000,065 over the last three months. Insiders own 1.10% of the company’s stock.
Shares of Curtiss-Wright (NYSE CW) traded up $1.12 during midday trading on Friday, hitting $138.62. The company had a trading volume of 3,245 shares, compared to its average volume of 229,392. The firm has a market cap of $6,176.36, a PE ratio of 28.59, a PEG ratio of 1.97 and a beta of 1.17. The company has a current ratio of 2.37, a quick ratio of 1.73 and a debt-to-equity ratio of 0.53. Curtiss-Wright has a 1 year low of $82.77 and a 1 year high of $140.07.
Curtiss-Wright (NYSE:CW) last announced its earnings results on Wednesday, February 21st. The aerospace company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.29. The firm had revenue of $611.88 million during the quarter, compared to analysts’ expectations of $589.22 million. Curtiss-Wright had a return on equity of 15.46% and a net margin of 9.46%. research analysts forecast that Curtiss-Wright will post 5.73 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Thursday, March 29th will be issued a $0.15 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $0.60 annualized dividend and a dividend yield of 0.43%. Curtiss-Wright’s dividend payout ratio is currently 12.47%.
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Curtiss-Wright Corporation is a manufacturing and service company that designs, manufactures, and overhauls precision components and provides engineered products and services to the aerospace, defense, power generation and general industrial markets. The Company operates through three segments: Commercial/Industrial, Defense and Power.
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