Curtiss-Wright Co. (NYSE:CW) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Curtiss-Wright Co. (NYSE:CW) have been given an average recommendation of “Moderate Buy” by the five brokerages that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $364.40.

Several research firms have weighed in on CW. Morgan Stanley raised their price objective on shares of Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Alembic Global Advisors started coverage on shares of Curtiss-Wright in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 price objective for the company. Robert W. Baird increased their price objective on Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Stifel Nicolaus downgraded 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, Truist Financial raised their price target on Curtiss-Wright from $304.00 to $333.00 and gave the company a “hold” rating in a report on Friday, November 1st.

Curtiss-Wright Stock Down 1.1 %

Shares of NYSE CW opened at $371.11 on Friday. Curtiss-Wright has a 52-week low of $209.01 and a 52-week high of $393.40. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 1.98. The business has a fifty day moving average of $351.26 and a two-hundred day moving average of $308.63. The stock has a market cap of $14.08 billion, a PE ratio of 35.19 and a beta of 1.17.

Curtiss-Wright Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 22nd will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.23%. The ex-dividend date is Friday, November 22nd. Curtiss-Wright’s payout ratio is 7.95%.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, VP John C. Watts sold 412 shares of Curtiss-Wright stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total transaction of $148,134.60. Following the completion of the transaction, the vice president now directly owns 4,183 shares of the company’s stock, valued at $1,503,997.65. The trade was a 8.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.55% of the company’s stock.

Institutional Trading of Curtiss-Wright

Institutional investors have recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co boosted its stake in shares of Curtiss-Wright by 1.3% in the first quarter. CANADA LIFE ASSURANCE Co now owns 23,598 shares of the aerospace company’s stock valued at $6,047,000 after buying an additional 311 shares during the period. 1832 Asset Management L.P. raised its holdings in Curtiss-Wright by 4,028.8% in the 1st quarter. 1832 Asset Management L.P. now owns 7,019 shares of the aerospace company’s stock valued at $1,796,000 after acquiring an additional 6,849 shares in the last quarter. Epoch Investment Partners Inc. lifted its position in shares of Curtiss-Wright by 70.9% during the 1st quarter. Epoch Investment Partners Inc. now owns 202,261 shares of the aerospace company’s stock valued at $51,767,000 after acquiring an additional 83,882 shares during the period. Kingdon Capital Management L.L.C. grew its holdings in shares of Curtiss-Wright by 16.1% during the 1st quarter. Kingdon Capital Management L.L.C. now owns 33,978 shares of the aerospace company’s stock worth $8,696,000 after purchasing an additional 4,700 shares in the last quarter. Finally, Tidal Investments LLC bought a new position in shares of Curtiss-Wright in the first quarter worth $329,000. 82.71% of the stock is currently owned by institutional investors.

Curtiss-Wright Company Profile

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.