StockNews.com Downgrades Curtiss-Wright (NYSE:CW) to Buy

StockNews.com lowered shares of Curtiss-Wright (NYSE:CWGet Rating) from a strong-buy rating to a buy rating in a research note published on Thursday.

CW has been the topic of a number of other reports. Stifel Nicolaus decreased their price objective on Curtiss-Wright from $168.00 to $155.00 in a research note on Monday, July 18th. Truist Financial decreased their price objective on Curtiss-Wright from $167.00 to $166.00 and set a buy rating on the stock in a research note on Tuesday, July 19th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of Buy and a consensus price target of $167.40.

Curtiss-Wright Stock Performance

NYSE:CW opened at $143.78 on Thursday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.90 and a current ratio of 1.36. Curtiss-Wright has a 52-week low of $123.31 and a 52-week high of $162.98. The firm has a market cap of $5.52 billion, a price-to-earnings ratio of 22.05 and a beta of 1.29. The business’s fifty day moving average is $144.33 and its 200 day moving average is $143.24.

Curtiss-Wright Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 13th. Shareholders of record on Friday, September 30th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $0.76 dividend on an annualized basis and a yield of 0.53%. Curtiss-Wright’s dividend payout ratio is currently 11.66%.

Hedge Funds Weigh In On Curtiss-Wright

A number of institutional investors have recently added to or reduced their stakes in the business. HighTower Advisors LLC increased its position in shares of Curtiss-Wright by 23.3% during the 4th quarter. HighTower Advisors LLC now owns 4,888 shares of the aerospace company’s stock valued at $679,000 after purchasing an additional 924 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Curtiss-Wright by 2.9% during the 4th quarter. JPMorgan Chase & Co. now owns 97,017 shares of the aerospace company’s stock valued at $13,453,000 after purchasing an additional 2,707 shares during the last quarter. Invesco Ltd. increased its position in shares of Curtiss-Wright by 5.9% during the 4th quarter. Invesco Ltd. now owns 993,167 shares of the aerospace company’s stock valued at $137,723,000 after purchasing an additional 54,968 shares during the last quarter. Gotham Asset Management LLC bought a new position in shares of Curtiss-Wright during the 4th quarter valued at about $369,000. Finally, GSA Capital Partners LLP increased its position in shares of Curtiss-Wright by 88.8% during the 4th quarter. GSA Capital Partners LLP now owns 3,634 shares of the aerospace company’s stock valued at $504,000 after purchasing an additional 1,709 shares during the last quarter. 84.77% of the stock is currently owned by institutional investors.

About Curtiss-Wright

(Get Rating)

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services to the aerospace, defense, general industrial, and power generation markets worldwide. worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.

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