Shares of Curtiss-Wright Corp. (NYSE:CW) have been given a consensus recommendation of “Buy” by the seven analysts that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $141.80.
CW has been the topic of a number of research analyst reports. Stifel Nicolaus increased their price objective on shares of Curtiss-Wright from $138.00 to $147.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Zacks Investment Research raised shares of Curtiss-Wright from a “hold” rating to a “buy” rating and set a $139.00 price objective on the stock in a research report on Wednesday, September 11th.
In related news, Director S Marce Fuller sold 1,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $122.90, for a total value of $122,900.00. Following the sale, the director now owns 10,222 shares in the company, valued at approximately $1,256,283.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Paul J. Ferdenzi sold 1,935 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $129.87, for a total transaction of $251,298.45. The disclosure for this sale can be found here. Insiders have sold a total of 33,982 shares of company stock worth $4,284,340 in the last three months. Insiders own 0.90% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of CW. Nuveen Asset Management LLC acquired a new stake in shares of Curtiss-Wright in the 2nd quarter worth about $71,036,000. Allianz Asset Management GmbH raised its holdings in shares of Curtiss-Wright by 195.5% in the 2nd quarter. Allianz Asset Management GmbH now owns 554,947 shares of the aerospace company’s stock worth $70,551,000 after acquiring an additional 367,150 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Curtiss-Wright by 4.5% in the 2nd quarter. BlackRock Inc. now owns 4,807,922 shares of the aerospace company’s stock worth $611,232,000 after acquiring an additional 208,921 shares during the last quarter. D. E. Shaw & Co. Inc. raised its holdings in shares of Curtiss-Wright by 87.7% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 394,066 shares of the aerospace company’s stock worth $50,098,000 after acquiring an additional 184,126 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Curtiss-Wright by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 3,801,608 shares of the aerospace company’s stock worth $483,298,000 after acquiring an additional 133,392 shares during the last quarter. Institutional investors own 77.93% of the company’s stock.
CW traded down $1.61 during trading on Monday, reaching $126.53. 63,532 shares of the stock traded hands, compared to its average volume of 261,520. The company has a quick ratio of 1.41, a current ratio of 2.10 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $5.39 billion, a PE ratio of 19.86, a P/E/G ratio of 2.15 and a beta of 1.18. The stock’s 50-day moving average is $126.75 and its 200 day moving average is $120.53. Curtiss-Wright has a 12 month low of $95.23 and a 12 month high of $134.41.
Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, July 31st. The aerospace company reported $1.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.77 by $0.13. The company had revenue of $639.00 million for the quarter, compared to analysts’ expectations of $642.66 million. Curtiss-Wright had a net margin of 11.90% and a return on equity of 18.54%. The business’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.80 EPS. As a group, equities research analysts anticipate that Curtiss-Wright will post 7.12 EPS for the current year.
The business also recently disclosed a — dividend, which will be paid on Thursday, October 17th. Stockholders of record on Thursday, October 3rd will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, October 2nd. This represents a dividend yield of 0.5%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 10.68%.
Curtiss-Wright Company Profile
Curtiss-Wright Corporation, together with its subsidiaries, designs, manufactures, and overhauls precision components, and engineered products and services primarily to the aerospace, defense, general industrial, and power generation markets worldwide. The company operates through three segments: Commercial/Industrial, Defense, and Power.
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