Shares of Curtiss-Wright Co. (NYSE:CW) have been given a consensus recommendation of “Hold” by the six research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $123.40.
Several analysts have commented on the stock. Robert W. Baird cut shares of Curtiss-Wright from an “outperform” rating to a “neutral” rating and set a $119.00 target price for the company. in a research note on Thursday, January 7th. Zacks Investment Research cut shares of Curtiss-Wright from a “hold” rating to a “sell” rating and set a $114.00 target price for the company. in a research note on Tuesday, February 2nd.
In other news, CEO Lynn J. Bamford sold 967 shares of the business’s stock in a transaction dated Friday, February 5th. The shares were sold at an average price of $113.42, for a total value of $109,677.14. Following the completion of the sale, the chief executive officer now owns 12,431 shares of the company’s stock, valued at approximately $1,409,924.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman David Charles Adams sold 2,500 shares of the business’s stock in a transaction dated Tuesday, April 6th. The stock was sold at an average price of $125.00, for a total transaction of $312,500.00. Following the completion of the sale, the chairman now directly owns 61,240 shares of the company’s stock, valued at approximately $7,655,000. The disclosure for this sale can be found here. Insiders sold a total of 27,929 shares of company stock worth $3,322,834 in the last quarter. 0.73% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Global Retirement Partners LLC increased its position in shares of Curtiss-Wright by 1,215.0% in the 4th quarter. Global Retirement Partners LLC now owns 263 shares of the aerospace company’s stock worth $31,000 after purchasing an additional 243 shares during the last quarter. Ellevest Inc. increased its position in shares of Curtiss-Wright by 301.2% in the 4th quarter. Ellevest Inc. now owns 329 shares of the aerospace company’s stock worth $38,000 after purchasing an additional 247 shares during the last quarter. Capital Asset Advisory Services LLC bought a new stake in shares of Curtiss-Wright in the 4th quarter worth about $42,000. CI Investments Inc. increased its position in shares of Curtiss-Wright by 168.0% in the 4th quarter. CI Investments Inc. now owns 394 shares of the aerospace company’s stock worth $46,000 after purchasing an additional 247 shares during the last quarter. Finally, Brand Asset Management Group Inc. grew its position in shares of Curtiss-Wright by 100.0% during the 4th quarter. Brand Asset Management Group Inc. now owns 504 shares of the aerospace company’s stock valued at $59,000 after buying an additional 252 shares during the last quarter. 78.67% of the stock is owned by institutional investors.
CW stock opened at $123.61 on Tuesday. The stock has a market capitalization of $5.06 billion, a P/E ratio of 22.15 and a beta of 1.52. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.68 and a current ratio of 2.37. Curtiss-Wright has a one year low of $81.72 and a one year high of $125.31. The company has a 50 day moving average price of $118.10 and a two-hundred day moving average price of $110.20.
Curtiss-Wright (NYSE:CW) last released its earnings results on Tuesday, February 23rd. The aerospace company reported $2.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.34 by $0.05. The firm had revenue of $668.44 million during the quarter, compared to analysts’ expectations of $672.07 million. Curtiss-Wright had a net margin of 9.96% and a return on equity of 16.15%. Research analysts forecast that Curtiss-Wright will post 6.84 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 16th. Investors of record on Tuesday, March 30th will be issued a dividend of $0.17 per share. The ex-dividend date is Monday, March 29th. This represents a $0.68 annualized dividend and a dividend yield of 0.55%. Curtiss-Wright’s payout ratio is 9.35%.
About Curtiss-Wright
Curtiss-Wright Corp. is a manufacturing and service company, which engages in the design, manufacture and overhaul of precision components; and provides engineered products & services to the aerospace, defense, power generation and general industrial markets. It operates through the following segments: Commercial/Industrial, Defense, and Power.
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