Curtiss-Wright Corporation (CW) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Curtiss-Wright Corporation (NYSE:CW) have been given a consensus rating of “Hold” by the eight analysts that are presently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $110.50.
A number of analysts have commented on CW shares. Zacks Investment Research downgraded Curtiss-Wright Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. BidaskClub upgraded Curtiss-Wright Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th.
Shares of Curtiss-Wright Corporation (NYSE:CW) traded up 0.14% on Wednesday, reaching $110.95. The company’s stock had a trading volume of 153,497 shares. The company has a 50 day moving average of $101.07 and a 200 day moving average of $94.21. Curtiss-Wright Corporation has a 1-year low of $82.77 and a 1-year high of $110.98. The stock has a market capitalization of $4.90 billion, a P/E ratio of 25.17 and a beta of 1.25.
Curtiss-Wright Corporation (NYSE:CW) last posted its earnings results on Wednesday, July 26th. The aerospace company reported $1.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.16. The company had revenue of $567.70 million for the quarter, compared to the consensus estimate of $546.73 million. Curtiss-Wright Corporation had a return on equity of 14.79% and a net margin of 9.14%. Curtiss-Wright Corporation’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.88 earnings per share. Equities research analysts expect that Curtiss-Wright Corporation will post $4.54 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, October 6th will be given a $0.15 dividend. This is an increase from Curtiss-Wright Corporation’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend is Thursday, October 5th. Curtiss-Wright Corporation’s dividend payout ratio is currently 13.61%.
In other news, Director S Marce Fuller sold 1,300 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $96.16, for a total value of $125,008.00. Following the sale, the director now directly owns 14,960 shares in the company, valued at $1,438,553.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Paul J. Ferdenzi sold 2,340 shares of the stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $108.00, for a total value of $252,720.00. The disclosure for this sale can be found here. Insiders sold 10,547 shares of company stock worth $1,111,113 over the last 90 days. Company insiders own 1.10% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CW. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Curtiss-Wright Corporation by 9.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,656 shares of the aerospace company’s stock worth $152,000 after buying an additional 143 shares during the period. Harbour Capital Advisors LLC lifted its position in Curtiss-Wright Corporation by 93.2% during the second quarter. Harbour Capital Advisors LLC now owns 16,520 shares of the aerospace company’s stock worth $180,000 after buying an additional 7,970 shares during the period. Burney Co. purchased a new position in Curtiss-Wright Corporation during the second quarter worth about $203,000. Public Employees Retirement System of Ohio lifted its position in Curtiss-Wright Corporation by 12.0% during the second quarter. Public Employees Retirement System of Ohio now owns 2,392 shares of the aerospace company’s stock worth $220,000 after buying an additional 256 shares during the period. Finally, Tudor Investment Corp ET AL purchased a new position in Curtiss-Wright Corporation during the first quarter worth about $233,000. Hedge funds and other institutional investors own 76.18% of the company’s stock.
About Curtiss-Wright Corporation
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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