Curtiss-Wright (NYSE:CW) Price Target Raised to $252.00 at Truist Financial

Curtiss-Wright (NYSE:CW) had its price objective lifted by Truist Financial from $240.00 to $252.00 in a research report released on Friday morning, Benzinga reports. The firm currently has a hold rating on the aerospace company’s stock.

CW has been the subject of several other reports. Stifel Nicolaus boosted their price objective on Curtiss-Wright from $255.00 to $272.00 and gave the stock a buy rating in a research note on Wednesday, April 17th. StockNews.com downgraded Curtiss-Wright from a strong-buy rating to a buy rating in a research note on Saturday, April 27th. Finally, Robert W. Baird lifted their target price on shares of Curtiss-Wright from $246.00 to $300.00 and gave the stock an outperform rating in a research note on Monday, April 8th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $277.00.

Curtiss-Wright Price Performance

Shares of Curtiss-Wright stock traded up $5.24 on Friday, hitting $268.17. The company’s stock had a trading volume of 303,319 shares, compared to its average volume of 201,701. The company has a market capitalization of $10.27 billion, a price-to-earnings ratio of 27.62 and a beta of 1.18. Curtiss-Wright has a 1 year low of $157.72 and a 1 year high of $269.00. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.50 and a current ratio of 2.02. The firm has a fifty day moving average price of $248.98 and a 200-day moving average price of $228.49.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Wednesday, May 1st. The aerospace company reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.24. Curtiss-Wright had a net margin of 12.78% and a return on equity of 16.79%. The company had revenue of $713.17 million during the quarter, compared to analysts’ expectations of $664.01 million. During the same period in the prior year, the business posted $1.53 earnings per share. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Curtiss-Wright will post 10.17 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.30%. The ex-dividend date of this dividend was Wednesday, March 27th. Curtiss-Wright’s payout ratio is currently 8.24%.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, VP Paul J. Ferdenzi sold 2,500 shares of Curtiss-Wright stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $250.00, for a total transaction of $625,000.00. Following the transaction, the vice president now directly owns 15,942 shares of the company’s stock, valued at $3,985,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO K Christopher Farkas sold 2,736 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $240.16, for a total value of $657,077.76. Following the sale, the chief financial officer now directly owns 9,172 shares in the company, valued at approximately $2,202,747.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Paul J. Ferdenzi sold 2,500 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $250.00, for a total transaction of $625,000.00. Following the completion of the transaction, the vice president now directly owns 15,942 shares in the company, valued at approximately $3,985,500. The disclosure for this sale can be found here. Insiders have sold a total of 12,451 shares of company stock worth $3,030,512 in the last quarter. Company insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CW. Sequoia Financial Advisors LLC boosted its stake in shares of Curtiss-Wright by 1.7% in the first quarter. Sequoia Financial Advisors LLC now owns 2,685 shares of the aerospace company’s stock valued at $687,000 after purchasing an additional 45 shares during the period. Venturi Wealth Management LLC grew its stake in shares of Curtiss-Wright by 53.6% in the fourth quarter. Venturi Wealth Management LLC now owns 149 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 52 shares in the last quarter. Signaturefd LLC increased its position in shares of Curtiss-Wright by 18.4% during the third quarter. Signaturefd LLC now owns 366 shares of the aerospace company’s stock worth $72,000 after acquiring an additional 57 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Curtiss-Wright by 0.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,411 shares of the aerospace company’s stock valued at $1,450,000 after acquiring an additional 59 shares in the last quarter. Finally, Montag A & Associates Inc. boosted its holdings in Curtiss-Wright by 67.0% in the third quarter. Montag A & Associates Inc. now owns 152 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 61 shares during the period. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.