Curtiss-Wright (NYSE:CW – Free Report) had its price objective upped by Truist Financial from $333.00 to $357.00 in a report released on Tuesday,Benzinga reports. Truist Financial currently has a hold rating on the aerospace company’s stock.
A number of other brokerages have also weighed in on CW. Alembic Global Advisors assumed coverage on shares of Curtiss-Wright in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $412.00 target price on the stock. StockNews.com downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd. Stifel Nicolaus cut Curtiss-Wright from a “buy” rating to a “hold” rating and set a $370.00 price target on the stock. in a report on Monday, November 18th. Deutsche Bank Aktiengesellschaft began coverage on shares of Curtiss-Wright in a report on Thursday, December 5th. They issued a “buy” rating and a $452.00 price objective for the company. Finally, Morgan Stanley upped their price target on shares of Curtiss-Wright from $334.00 to $395.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and a consensus price target of $383.00.
Read Our Latest Stock Report on Curtiss-Wright
Curtiss-Wright Stock Up 2.6 %
Curtiss-Wright Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 22nd were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.84 annualized dividend and a yield of 0.23%. Curtiss-Wright’s payout ratio is 7.95%.
Insider Buying and Selling
In other Curtiss-Wright news, VP John C. Watts sold 412 shares of Curtiss-Wright stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $359.55, for a total value of $148,134.60. Following the completion of the sale, the vice president now directly owns 4,183 shares in the company, valued at approximately $1,503,997.65. The trade was a 8.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Lynn M. Bamford sold 7,129 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $368.80, for a total value of $2,629,175.20. Following the transaction, the chief executive officer now owns 28,688 shares in the company, valued at $10,580,134.40. The trade was a 19.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders bought 116 shares of company stock valued at $35,278 over the last quarter. Insiders own 0.67% of the company’s stock.
Hedge Funds Weigh In On Curtiss-Wright
Institutional investors have recently made changes to their positions in the stock. Private Advisor Group LLC increased its position in Curtiss-Wright by 3.5% in the 2nd quarter. Private Advisor Group LLC now owns 2,185 shares of the aerospace company’s stock valued at $592,000 after buying an additional 73 shares in the last quarter. Daiwa Securities Group Inc. acquired a new stake in Curtiss-Wright in the second quarter valued at approximately $73,000. DekaBank Deutsche Girozentrale increased its holdings in shares of Curtiss-Wright by 9.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 1,893 shares of the aerospace company’s stock valued at $515,000 after acquiring an additional 161 shares in the last quarter. Meeder Advisory Services Inc. acquired a new position in shares of Curtiss-Wright during the second quarter worth approximately $222,000. Finally, Federated Hermes Inc. lifted its holdings in shares of Curtiss-Wright by 37.5% in the 2nd quarter. Federated Hermes Inc. now owns 5,659 shares of the aerospace company’s stock worth $1,533,000 after purchasing an additional 1,544 shares in the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.
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.
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