Curtiss-Wright (NYSE:CW) Given New $338.00 Price Target at Truist Financial

Curtiss-Wright (NYSE:CW) had its target price trimmed by Truist Financial from $357.00 to $338.00 in a research report sent to investors on Thursday morning,Benzinga reports. The brokerage currently has a hold rating on the aerospace company’s stock.

Several other equities analysts have also issued reports on CW. Citigroup cut their target price on Curtiss-Wright from $450.00 to $424.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Stifel Nicolaus decreased their target price on shares of Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating for the company in a research report on Monday. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $377.43.

Curtiss-Wright Stock Down 0.5 %

NYSE:CW opened at $318.51 on Thursday. The stock has a fifty day simple moving average of $319.53 and a 200-day simple moving average of $345.38. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. The company has a market cap of $11.99 billion, a price-to-earnings ratio of 30.19, a price-to-earnings-growth ratio of 2.48 and a beta of 1.03. Curtiss-Wright has a twelve month low of $248.00 and a twelve month high of $393.40.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share for the quarter, beating analysts’ consensus estimates of $3.12 by $0.15. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. Analysts anticipate that Curtiss-Wright will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Thursday, March 27th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend was Thursday, March 27th. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.96%.

Insiders Place Their Bets

In related news, CFO K Christopher Farkas sold 2,453 shares of Curtiss-Wright stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $347.00, for a total transaction of $851,191.00. Following the completion of the sale, the chief financial officer now owns 12,712 shares of the company’s stock, valued at $4,411,064. The trade was a 16.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Lynn M. Bamford sold 3,131 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total transaction of $1,018,858.71. Following the completion of the transaction, the chief executive officer now owns 42,887 shares in the company, valued at approximately $13,955,858.67. This trade represents a 6.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,797 shares of company stock valued at $7,436,255. Insiders own 0.55% of the company’s stock.

Institutional Trading of Curtiss-Wright

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in Curtiss-Wright by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 3,634,028 shares of the aerospace company’s stock valued at $1,289,608,000 after purchasing an additional 15,890 shares during the period. Invesco Ltd. raised its stake in shares of Curtiss-Wright by 6.4% during the 4th quarter. Invesco Ltd. now owns 1,417,445 shares of the aerospace company’s stock valued at $503,009,000 after buying an additional 84,635 shares during the last quarter. TD Asset Management Inc. boosted its stake in shares of Curtiss-Wright by 16.2% in the fourth quarter. TD Asset Management Inc. now owns 766,413 shares of the aerospace company’s stock worth $271,977,000 after buying an additional 107,115 shares during the last quarter. Geode Capital Management LLC grew its holdings in Curtiss-Wright by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 743,934 shares of the aerospace company’s stock worth $264,071,000 after acquiring an additional 12,086 shares during the period. Finally, Alliancebernstein L.P. raised its position in Curtiss-Wright by 1.2% during the fourth quarter. Alliancebernstein L.P. now owns 592,326 shares of the aerospace company’s stock valued at $210,199,000 after acquiring an additional 6,971 shares in the last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.

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.