Curtiss-Wright Corp. (NYSE:CW) has received a consensus rating of “Buy” from the ten brokerages that are covering the company, MarketBeat.com reports. Three 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 covered the stock in the last year is $137.63.
A number of research firms recently weighed in on CW. Robert W. Baird began coverage on Curtiss-Wright in a research note on Tuesday, December 5th. They set an “outperform” rating and a $149.00 price target on the stock. Wells Fargo & Co raised Curtiss-Wright from a “market perform” rating to an “outperform” rating and set a $120.00 price objective for the company in a report on Tuesday, January 16th. Stifel Nicolaus upped their target price on Curtiss-Wright from $126.00 to $139.00 and gave the company a “hold” rating in a report on Tuesday, January 16th. Zacks Investment Research lowered Curtiss-Wright from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. Finally, William Blair reissued a “market perform” rating on shares of Curtiss-Wright in a report on Thursday, February 22nd.
Shares of Curtiss-Wright (NYSE:CW) traded down $0.31 during mid-day trading on Friday, reaching $135.28. The company had a trading volume of 64,096 shares, compared to its average volume of 225,461. The company has a market cap of $6,033.29, a price-to-earnings ratio of 28.19, a P/E/G ratio of 1.91 and a beta of 1.17. Curtiss-Wright has a twelve month low of $82.77 and a twelve month high of $140.07. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.37 and a quick ratio of 1.73.
Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Wednesday, February 21st. The aerospace company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.29. The firm had revenue of $611.88 million for the quarter, compared to analyst estimates of $589.22 million. Curtiss-Wright had a return on equity of 15.46% and a net margin of 9.46%. sell-side analysts anticipate that Curtiss-Wright will post 5.8 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Thursday, March 29th will be issued a dividend of $0.15 per share. The ex-dividend date is Wednesday, March 28th. This represents a $0.60 annualized dividend and a dividend yield of 0.44%. Curtiss-Wright’s payout ratio is 12.47%.
In other news, CEO David Charles Adams sold 13,051 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $120.44, for a total transaction of $1,571,862.44. Following the completion of the sale, the chief executive officer now owns 88,257 shares of the company’s stock, valued at approximately $10,629,673.08. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP K Christopher Farkas sold 700 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $120.25, for a total transaction of $84,175.00. Following the sale, the vice president now directly owns 2,152 shares of the company’s stock, valued at approximately $258,778. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 53,854 shares of company stock valued at $7,000,065. 1.10% of the stock is owned by company insiders.
Institutional investors have recently modified their holdings of the stock. MetLife Investment Advisors LLC purchased a new stake in Curtiss-Wright in the 4th quarter worth $5,856,000. Gotham Asset Management LLC lifted its stake in Curtiss-Wright by 344.0% in the 4th quarter. Gotham Asset Management LLC now owns 25,032 shares of the aerospace company’s stock worth $3,050,000 after purchasing an additional 19,394 shares in the last quarter. Verition Fund Management LLC purchased a new stake in Curtiss-Wright in the 4th quarter worth $281,000. Zeke Capital Advisors LLC purchased a new stake in Curtiss-Wright in the 4th quarter worth $243,000. Finally, Millennium Management LLC lifted its stake in Curtiss-Wright by 132.7% in the 4th quarter. Millennium Management LLC now owns 290,711 shares of the aerospace company’s stock worth $35,423,000 after purchasing an additional 165,803 shares in the last quarter. 78.63% of the stock is owned by institutional investors.
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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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