Shares of Curtiss-Wright Corp. (NYSE:CW) have earned an average broker rating score of 1.57 (Buy) from the seven brokers that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating and five have issued a strong buy rating on the company. Curtiss-Wright Corp.’s rating score has declined by 18% from three months ago as a result of a number of analysts’ ratings changes.
Analysts have set a one year consensus price target of $95.40 for the company and are expecting that the company will post $1.07 EPS for the current quarter, according to Zacks. Zacks has also given Curtiss-Wright Corp. an industry rank of 50 out of 265 based on the ratings given to related companies.
A number of analysts have recently commented on CW shares. Zacks Investment Research upgraded Curtiss-Wright Corp. from a “sell” rating to a “hold” rating in a research report on Friday, August 26th. Deutsche Bank AG restated a “buy” rating and issued a $95.00 price target (up previously from $89.00) on shares of Curtiss-Wright Corp. in a research report on Monday, June 13th. Finally, William Blair started coverage on Curtiss-Wright Corp. in a research report on Wednesday, August 3rd. They issued a “market perform” rating and a $92.00 price target on the stock.
In other Curtiss-Wright Corp. news, Director William W. Dr Sihler sold 797 shares of Curtiss-Wright Corp. stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $82.06, for a total value of $65,401.82. Following the sale, the director now owns 7,521 shares of the company’s stock, valued at approximately $617,173.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Tom P. Quinly sold 8,500 shares of Curtiss-Wright Corp. stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $89.78, for a total value of $763,130.00. Following the completion of the sale, the vice president now directly owns 27,258 shares in the company, valued at approximately $2,447,223.24. The disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.
A number of large investors have recently made changes to their positions in the stock. State Street Corp raised its stake in shares of Curtiss-Wright Corp. by 48.4% in the first quarter. State Street Corp now owns 1,558,198 shares of the company’s stock worth $117,910,000 after buying an additional 508,349 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its stake in shares of Curtiss-Wright Corp. by 141.8% in the first quarter. Adage Capital Partners GP L.L.C. now owns 635,740 shares of the company’s stock worth $48,106,000 after buying an additional 372,806 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of Curtiss-Wright Corp. by 121.2% in the first quarter. Metropolitan Life Insurance Co. NY now owns 72,392 shares of the company’s stock worth $5,478,000 after buying an additional 39,664 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Curtiss-Wright Corp. by 56,763.9% in the second quarter. BNP Paribas Arbitrage SA now owns 20,471 shares of the company’s stock worth $1,725,000 after buying an additional 20,435 shares in the last quarter. Finally, Adams Diversified Equity Fund Inc. acquired a new stake in shares of Curtiss-Wright Corp. during the second quarter worth $531,000. 77.11% of the stock is currently owned by institutional investors.
Shares of Curtiss-Wright Corp. (NYSE:CW) traded up 1.2542% during trading on Friday, reaching $91.0275. The company’s stock had a trading volume of 65,513 shares. The firm has a market capitalization of $4.04 billion, a P/E ratio of 23.6989 and a beta of 1.24. The company has a 50 day moving average price of $89.06 and a 200 day moving average price of $83.20. Curtiss-Wright Corp. has a 52 week low of $60.73 and a 52 week high of $91.56.
Curtiss-Wright Corp. (NYSE:CW) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.88 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.07. The company earned $532.80 million during the quarter, compared to the consensus estimate of $523.84 million. Curtiss-Wright Corp. had a return on equity of 14.15% and a net margin of 8.21%. Curtiss-Wright Corp.’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.83 EPS. On average, equities research analysts expect that Curtiss-Wright Corp. will post $4.10 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 21st. Shareholders of record on Friday, October 7th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Wednesday, October 5th. Curtiss-Wright Corp.’s dividend payout ratio is presently 13.58%.
About Curtiss-Wright Corp.
Curtiss-Wright Corporation is a provider of engineered products and services to the commercial, defense, energy and industrial markets. The Company operates through three segments: Commercial/Industrial, which provides a diversified offering of engineered products and services supporting applications primarily across the commercial aerospace and general industrial markets; Defense, which consists of businesses that primarily provide products to the defense markets and to the commercial aerospace market, and Power, which consists of businesses that primarily provide products to the power generation markets and to the naval defense market.
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