Curtiss-Wright (NYSE:CW) Price Target Raised to $284.00 at Morgan Stanley

Curtiss-Wright (NYSE:CW) had its price objective increased by Morgan Stanley from $260.00 to $284.00 in a research note issued to investors on Friday morning, Benzinga reports. The firm currently has an overweight rating on the aerospace company’s stock.

Other equities research analysts also recently issued research reports about the company. Robert W. Baird lifted their target price on Curtiss-Wright from $246.00 to $300.00 and gave the stock an outperform rating in a report on Monday, April 8th. StockNews.com cut Curtiss-Wright from a strong-buy rating to a buy rating in a research report on Saturday, April 27th. Truist Financial increased their price target on Curtiss-Wright from $240.00 to $252.00 and gave the stock a hold rating in a research report on Friday. Finally, Stifel Nicolaus lifted their target price on shares of Curtiss-Wright from $255.00 to $272.00 and gave the company a buy rating in a research report on Wednesday, April 17th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $277.00.

Curtiss-Wright Stock Up 2.0 %

Curtiss-Wright stock traded up $5.24 during mid-day trading on Friday, reaching $268.17. 303,319 shares of the company were exchanged, compared to its average volume of 201,701. Curtiss-Wright has a 12-month low of $157.72 and a 12-month high of $269.00. The business has a fifty day moving average of $248.98 and a 200 day moving average of $228.49. The firm has a market cap of $10.27 billion, a P/E ratio of 27.64 and a beta of 1.18. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.50 and a current ratio of 2.02.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Wednesday, May 1st. The aerospace company reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.24. Curtiss-Wright had a return on equity of 16.79% and a net margin of 12.78%. The firm had revenue of $713.17 million during the quarter, compared to analysts’ expectations of $664.01 million. During the same quarter last year, the firm earned $1.53 EPS. The business’s quarterly revenue was up 13.0% on a year-over-year basis. Research analysts anticipate that Curtiss-Wright will post 10.17 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.20 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.80 annualized dividend and a dividend yield of 0.30%. Curtiss-Wright’s dividend payout ratio is presently 8.24%.

Insider Buying and Selling at Curtiss-Wright

In related news, VP Paul J. Ferdenzi sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $250.00, for a total transaction of $625,000.00. Following the sale, the vice president now directly owns 15,942 shares of the company’s stock, valued at approximately $3,985,500. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Lynn M. Bamford sold 2,620 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $243.60, for a total transaction of $638,232.00. Following the sale, the chief executive officer now directly owns 35,773 shares in the company, valued at $8,714,302.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Paul J. Ferdenzi sold 2,500 shares of Curtiss-Wright stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $250.00, for a total transaction of $625,000.00. Following the completion of the transaction, the vice president now owns 15,942 shares of the company’s stock, valued at approximately $3,985,500. The disclosure for this sale can be found here. Insiders sold a total of 12,451 shares of company stock valued at $3,030,512 in the last three months. 0.67% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CW. Csenge Advisory Group purchased a new position in shares of Curtiss-Wright during the first quarter worth about $217,000. Rehmann Capital Advisory Group boosted its position in shares of Curtiss-Wright by 12.3% in the 1st quarter. Rehmann Capital Advisory Group now owns 2,008 shares of the aerospace company’s stock valued at $514,000 after purchasing an additional 220 shares during the period. Central Pacific Bank Trust Division purchased a new stake in Curtiss-Wright in the first quarter valued at approximately $460,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Curtiss-Wright by 5.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 23,010 shares of the aerospace company’s stock valued at $5,889,000 after acquiring an additional 1,163 shares during the period. Finally, Whittier Trust Co. increased its holdings in shares of Curtiss-Wright by 3.4% in the 1st quarter. Whittier Trust Co. now owns 53,204 shares of the aerospace company’s stock valued at $13,617,000 after acquiring an additional 1,741 shares during the period. Hedge funds and other institutional investors own 82.71% of the company’s stock.

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.