Curtiss-Wright Corporation (NYSE:CW) Receives Average Rating of “Moderate Buy” from Brokerages

Curtiss-Wright Corporation (NYSE:CW) has been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $585.50.

A number of analysts have recently weighed in on the stock. Truist Financial boosted their target price on shares of Curtiss-Wright from $525.00 to $537.00 and gave the stock a “hold” rating in a report on Friday, November 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a research note on Monday, December 22nd. Stifel Nicolaus lowered their price objective on Curtiss-Wright from $587.00 to $584.00 and set a “hold” rating for the company in a research note on Tuesday, December 16th. Morgan Stanley reiterated an “overweight” rating and issued a $660.00 target price on shares of Curtiss-Wright in a report on Tuesday, December 16th. Finally, Wall Street Zen lowered Curtiss-Wright from a “buy” rating to a “hold” rating in a report on Saturday, December 13th.

Curtiss-Wright Stock Down 0.3%

NYSE CW opened at $566.09 on Friday. The stock has a 50 day moving average price of $560.81 and a 200-day moving average price of $519.77. Curtiss-Wright has a one year low of $266.88 and a one year high of $612.28. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.17 and a current ratio of 1.75. The company has a market capitalization of $20.88 billion, a P/E ratio of 46.14, a P/E/G ratio of 2.98 and a beta of 0.93.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Thursday, November 6th. The aerospace company reported $3.40 earnings per share for the quarter, topping the consensus estimate of $3.28 by $0.12. Curtiss-Wright had a net margin of 13.78% and a return on equity of 18.82%. The company had revenue of $869.00 million for the quarter, compared to analysts’ expectations of $869.03 million. During the same quarter in the previous year, the business posted $2.89 earnings per share. Curtiss-Wright’s quarterly revenue was up 8.8% on a year-over-year basis. As a group, equities analysts predict that Curtiss-Wright will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, November 28th. Curtiss-Wright’s dividend payout ratio is 7.82%.

Institutional Trading of Curtiss-Wright

Large investors have recently made changes to their positions in the stock. Tudor Investment Corp ET AL lifted its holdings in Curtiss-Wright by 100.3% during the 3rd quarter. Tudor Investment Corp ET AL now owns 89,823 shares of the aerospace company’s stock valued at $48,768,000 after buying an additional 44,977 shares in the last quarter. Allworth Financial LP increased its position in shares of Curtiss-Wright by 162.7% during the third quarter. Allworth Financial LP now owns 289 shares of the aerospace company’s stock worth $157,000 after acquiring an additional 179 shares during the period. IFP Advisors Inc raised its stake in shares of Curtiss-Wright by 3.5% during the third quarter. IFP Advisors Inc now owns 683 shares of the aerospace company’s stock valued at $372,000 after acquiring an additional 23 shares in the last quarter. Swiss Life Asset Management Ltd boosted its holdings in shares of Curtiss-Wright by 78.9% in the third quarter. Swiss Life Asset Management Ltd now owns 1,750 shares of the aerospace company’s stock valued at $950,000 after purchasing an additional 772 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in Curtiss-Wright by 3.9% in the third quarter. JPMorgan Chase & Co. now owns 185,218 shares of the aerospace company’s stock worth $100,567,000 after purchasing an additional 7,022 shares in the last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.