Stifel Nicolaus initiated coverage on shares of Curtiss-Wright Corporation (NYSE:CW) in a research report report published on Monday, Marketbeat.com reports. The brokerage issued a hold rating and a $100.00 target price on the aerospace company’s stock.
A number of other equities analysts have also issued reports on the company. Zacks Investment Research raised Curtiss-Wright Corporation from a hold rating to a buy rating and set a $110.00 target price on the stock in a research report on Thursday, September 14th. BidaskClub raised Curtiss-Wright Corporation from a sell rating to a hold rating in a research report on Tuesday, August 8th. Finally, SunTrust Banks, Inc. raised Curtiss-Wright Corporation from a hold rating to a buy rating and upped their target price for the company from $103.00 to $112.00 in a research report on Monday, June 5th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Curtiss-Wright Corporation presently has a consensus rating of Hold and a consensus target price of $106.20.
Curtiss-Wright Corporation (CW) opened at 103.66 on Monday. The stock has a market capitalization of $4.58 billion, a price-to-earnings ratio of 23.52 and a beta of 1.26. The firm has a 50-day moving average of $96.82 and a 200 day moving average of $93.00. Curtiss-Wright Corporation has a 52 week low of $82.77 and a 52 week high of $107.61.
Curtiss-Wright Corporation (NYSE:CW) last released its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $1.13 EPS for the quarter, topping the consensus estimate of $0.97 by $0.16. The firm had revenue of $567.70 million for the quarter, compared to analyst estimates of $546.73 million. Curtiss-Wright Corporation had a return on equity of 14.79% and a net margin of 9.14%. Curtiss-Wright Corporation’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.88 EPS. On average, analysts anticipate that Curtiss-Wright Corporation will post $4.55 EPS for the current year.
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The firm also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, October 6th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.58%. This is a positive change from Curtiss-Wright Corporation’s previous quarterly dividend of $0.13. The ex-dividend date is Thursday, October 5th. Curtiss-Wright Corporation’s dividend payout ratio is presently 11.79%.
In other Curtiss-Wright Corporation news, Director S Marce Fuller sold 1,300 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $96.16, for a total value of $125,008.00. Following the transaction, the director now directly owns 14,960 shares of the company’s stock, valued at approximately $1,438,553.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.
Several hedge funds have recently bought and sold shares of CW. Prudential Financial Inc. grew its stake in Curtiss-Wright Corporation by 251.5% during the 2nd quarter. Prudential Financial Inc. now owns 327,613 shares of the aerospace company’s stock worth $30,068,000 after buying an additional 234,409 shares during the last quarter. World Asset Management Inc grew its stake in Curtiss-Wright Corporation by 1.8% during the 1st quarter. World Asset Management Inc now owns 2,716 shares of the aerospace company’s stock worth $248,000 after buying an additional 49 shares during the last quarter. Paloma Partners Management Co grew its stake in Curtiss-Wright Corporation by 12.8% during the 1st quarter. Paloma Partners Management Co now owns 36,450 shares of the aerospace company’s stock worth $3,327,000 after buying an additional 4,123 shares during the last quarter. Tudor Investment Corp ET AL bought a new position in Curtiss-Wright Corporation during the 1st quarter worth $233,000. Finally, Bank of Nova Scotia bought a new position in Curtiss-Wright Corporation during the 1st quarter worth $13,689,000. 76.18% of the stock is currently owned by institutional investors and hedge funds.
Curtiss-Wright Corporation Company Profile
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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