Curtiss-Wright Corp. (CW) Receives Average Recommendation of “Buy” from Brokerages

Shares of Curtiss-Wright Corp. (NYSE:CW) have received an average rating of “Buy” from the ten research firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $133.29.

A number of equities analysts have recently commented on CW shares. Bank of America raised shares of Curtiss-Wright from a “neutral” rating to a “buy” rating and set a $136.00 price target on the stock in a report on Monday, October 30th. Wells Fargo & Co raised shares of Curtiss-Wright from a “market perform” rating to an “outperform” rating and set a $120.00 price target on the stock in a report on Tuesday, January 16th. Zacks Investment Research raised shares of Curtiss-Wright from a “hold” rating to a “buy” rating and set a $136.00 price target on the stock in a report on Thursday, February 8th. Stifel Nicolaus reissued a “hold” rating and issued a $117.00 price target on shares of Curtiss-Wright in a report on Tuesday, October 17th. Finally, SunTrust Banks reissued a “buy” rating and issued a $128.00 price target on shares of Curtiss-Wright in a report on Friday, October 20th.

In other Curtiss-Wright news, VP Glenn E. Tynan sold 2,082 shares of the stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $120.00, for a total transaction of $249,840.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director S Marce Fuller sold 1,300 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $130.66, for a total transaction of $169,858.00. Following the sale, the director now directly owns 14,234 shares of the company’s stock, valued at approximately $1,859,814.44. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 31,940 shares of company stock worth $3,858,905. 1.10% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its position in Curtiss-Wright by 4.4% during the 4th quarter. BlackRock Inc. now owns 6,019,976 shares of the aerospace company’s stock valued at $733,531,000 after buying an additional 252,599 shares during the period. State Street Corp boosted its position in Curtiss-Wright by 5.8% during the 2nd quarter. State Street Corp now owns 1,776,207 shares of the aerospace company’s stock valued at $163,017,000 after buying an additional 97,137 shares during the period. Boston Partners boosted its position in Curtiss-Wright by 44.8% during the 3rd quarter. Boston Partners now owns 1,361,557 shares of the aerospace company’s stock valued at $142,337,000 after buying an additional 421,332 shares during the period. Bank of New York Mellon Corp boosted its position in Curtiss-Wright by 0.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 943,289 shares of the aerospace company’s stock valued at $98,612,000 after buying an additional 4,064 shares during the period. Finally, Prudential Financial Inc. boosted its position in Curtiss-Wright by 51.0% during the 3rd quarter. Prudential Financial Inc. now owns 494,748 shares of the aerospace company’s stock valued at $51,721,000 after buying an additional 167,135 shares during the period. 76.31% of the stock is owned by institutional investors and hedge funds.

Shares of Curtiss-Wright (CW) traded down $0.63 during trading hours on Tuesday, hitting $119.31. 86,295 shares of the stock were exchanged, compared to its average volume of 217,877. The company has a market cap of $5,220.06, a price-to-earnings ratio of 24.81, a price-to-earnings-growth ratio of 1.78 and a beta of 1.24. Curtiss-Wright has a 1 year low of $82.77 and a 1 year high of $134.44. The company has a quick ratio of 1.48, a current ratio of 2.08 and a debt-to-equity ratio of 0.55.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Investors of record on Thursday, March 29th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.50%. The ex-dividend date is Wednesday, March 28th. Curtiss-Wright’s dividend payout ratio is currently 12.45%.

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Curtiss-Wright Company Profile

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.

Analyst Recommendations for Curtiss-Wright (NYSE:CW)

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