Curtiss-Wright Corp. (NYSE:CW) has earned a consensus recommendation of “Buy” from the eleven analysts that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $137.63.
CW has been the subject of several analyst reports. ValuEngine raised Curtiss-Wright from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Zacks Investment Research raised Curtiss-Wright from a “hold” rating to a “buy” rating and set a $154.00 price objective for the company in a research note on Tuesday, February 27th. Seaport Global Securities reaffirmed a “buy” rating and issued a $150.00 price objective on shares of Curtiss-Wright in a research note on Monday, February 26th. Stifel Nicolaus raised their price objective on Curtiss-Wright from $126.00 to $139.00 and gave the company a “hold” rating in a research note on Tuesday, January 16th. Finally, William Blair reaffirmed a “market perform” rating on shares of Curtiss-Wright in a research note on Thursday, February 22nd.
NYSE:CW opened at $134.24 on Wednesday. The company has a market capitalization of $6,134.41, a PE ratio of 28.07, a P/E/G ratio of 1.83 and a beta of 1.18. Curtiss-Wright has a 1 year low of $82.77 and a 1 year high of $140.07. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.37 and a quick ratio of 1.73.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Investors of record on Thursday, March 29th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend is Wednesday, March 28th. Curtiss-Wright’s dividend payout ratio is currently 11.93%.
In related 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 transaction of $1,990,270.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO David Charles Adams sold 13,051 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $120.44, for a total value of $1,571,862.44. Following the sale, the chief executive officer now directly owns 88,257 shares of the company’s stock, valued at $10,629,673.08. The disclosure for this sale can be found here. Insiders have sold a total of 52,154 shares of company stock valued at $6,792,070 over the last three months. 1.10% of the stock is owned by corporate insiders.
Several hedge funds have recently modified their holdings of CW. First Trust Advisors LP bought a new stake in shares of Curtiss-Wright during the 3rd quarter worth approximately $703,000. TD Asset Management Inc. lifted its stake in shares of Curtiss-Wright by 31.3% during the 3rd quarter. TD Asset Management Inc. now owns 4,200 shares of the aerospace company’s stock worth $439,000 after acquiring an additional 1,000 shares during the last quarter. Legal & General Group Plc increased its holdings in Curtiss-Wright by 11.1% during the 3rd quarter. Legal & General Group Plc now owns 49,279 shares of the aerospace company’s stock worth $5,152,000 after purchasing an additional 4,938 shares during the period. Wells Fargo & Company MN increased its holdings in Curtiss-Wright by 22.8% during the 3rd quarter. Wells Fargo & Company MN now owns 290,269 shares of the aerospace company’s stock worth $30,345,000 after purchasing an additional 53,908 shares during the period. Finally, Magnetar Financial LLC purchased a new position in Curtiss-Wright during the 3rd quarter worth $203,000. 78.64% of the stock is owned by hedge funds and other institutional investors.
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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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