Shares of Curtiss-Wright Corporation (NYSE:CW) have been assigned an average recommendation of “Buy” from the six analysts that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $104.00.
Several brokerages have weighed in on CW. SunTrust Banks, Inc. upgraded Curtiss-Wright Corporation from a “hold” rating to a “buy” rating and upped their price target for the stock from $103.00 to $112.00 in a report on Monday, June 5th. Zacks Investment Research upgraded Curtiss-Wright Corporation from a “hold” rating to a “buy” rating and set a $95.00 price target on the stock in a report on Tuesday, May 23rd. Finally, William Blair assumed coverage on Curtiss-Wright Corporation in a report on Friday, February 17th. They set a “market perform” rating on the stock.
Shares of Curtiss-Wright Corporation (NYSE CW) opened at 92.97 on Friday. The company’s 50-day moving average price is $89.66 and its 200-day moving average price is $94.98. The company has a market cap of $4.11 billion, a P/E ratio of 22.36 and a beta of 1.23. Curtiss-Wright Corporation has a 12 month low of $78.34 and a 12 month high of $107.61.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 6th. Stockholders of record on Thursday, June 22nd will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Tuesday, June 20th. Curtiss-Wright Corporation’s dividend payout ratio (DPR) is 12.50%.
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In other news, Director S Marce Fuller sold 1,300 shares of the stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $90.65, for a total transaction of $117,845.00. Following the completion of the transaction, the director now directly owns 16,260 shares of the company’s stock, valued at approximately $1,473,969. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. Fortaleza Asset Management Inc. purchased a new position in Curtiss-Wright Corporation during the fourth quarter valued at $101,000. TrimTabs Asset Management LLC increased its position in Curtiss-Wright Corporation by 88.6% in the first quarter. TrimTabs Asset Management LLC now owns 1,175 shares of the aerospace company’s stock valued at $107,000 after buying an additional 552 shares during the last quarter. Acrospire Investment Management LLC increased its position in Curtiss-Wright Corporation by 7.7% in the third quarter. Acrospire Investment Management LLC now owns 1,400 shares of the aerospace company’s stock valued at $128,000 after buying an additional 100 shares during the last quarter. Meadow Creek Investment Management LLC increased its position in Curtiss-Wright Corporation by 7.3% in the first quarter. Meadow Creek Investment Management LLC now owns 1,408 shares of the aerospace company’s stock valued at $129,000 after buying an additional 96 shares during the last quarter. Finally, Advisor Group Inc. increased its position in Curtiss-Wright Corporation by 91.1% in the third quarter. Advisor Group Inc. now owns 1,836 shares of the aerospace company’s stock valued at $168,000 after buying an additional 875 shares during the last quarter. 76.76% of the stock is owned by hedge funds and other institutional investors.
About Curtiss-Wright Corporation
Curtiss-Wright Corporation is a manufacturing and service company that designs, manufactures, and overhauls precision components and provides engineered products and services to the aerospace, defense, power generation and general industrial markets. The Company operates through three segments: Commercial/Industrial, Defense and Power.
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