On June 16, 2023, it was reported that &DDFG Inc had acquired a new position in Curtiss-Wright Co. (NYSE:CW), a prominent aerospace company operating in several different spheres of the industry. The institutional investor acquired a total of 2,860 shares in the company valued at approximately $478,000. This announcement comes after the recent release of various reports analyzing Curtiss-Wright Co.’s financial position and offering recommendations regarding investment opportunities.
Several research firms have commented on CW and provided their opinions on the potential success of investing in this particular stock. William Blair started coverage on Curtiss-Wright in a research note back on May 19th, where they issued an “outperform” rating for the company. StockNews.com lowered their rating from “strong-buy” to “buy” in a report released on June 6th. Truist Financial upped its target price for CW from $183.00 to $190.00 and offered a “buy” rating for investors back in February of this year, while Stifel Nicolaus also gave CW a “buy” rating and increased its price objective from $196 to $200 just last April.
In total, data from Bloomberg.com shows that one analyst has rated the stock as “hold,” while five others have assigned a buy rating to the company, earning it an overall consensus rating of “Moderate Buy.” Additionally, financial experts believe that an average target price for CW is approximately $186.80.
Despite these predictions from industry insiders and analysts alike, Curtiss-Wright’s stock opened at $175.91 on Friday with a market cap of $6.74 billion and PE ratio of 21.88 – figures subject to volatility given current market conditions.
It must be noted that important factors should still be kept under close watch with regards to an investment decision involving CW stock or any other security for that matter. Analyst opinions, market trends and company financials are essential to understand as one navigates the ever-changing investment landscape. Nonetheless, such predictions can offer valuable insights to investors who seek higher returns on their investments in these times of uncertainty.
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Recent Stakeholder Activity and Positive Ratings for Curtiss-Wright Corporation
[stock_market_widget type=”chart” template=”basic” color=”#3946CE” assets=”CW” range=”1mo” interval=”1d” axes=”true” cursor=”true” range_selector=”true” api=”yf”]Curtiss-Wright Corporation (NYSE:CW), a leading aerospace company, has recently witnessed new stakeholders making significant investments in the firm. Several hedge funds and institutional investors are among those who recently purchased or sold shares in the established corporation. Among them is Benjamin Edwards Inc. which invested $28,000 in the business during Q4 of 2022. Wellington Shields & Co LLC also bought a new stake valued at $43,000 during the same period, whereas Covestor Ltd increased their stocks by 91.3% during Q1 of 2023 by acquiring an additional 167 shares worth $53,000 to bring their total holdings to 350 shares. Belpointe Asset Management LLC added a new investment worth $54,000 during Q4 while Atlas Capital Advisors LLC secured a stake valued at $88,000 at the end of last year.
Despite having attracted new stakeholders to its portfolio, corporate insiders have sold some of their stakes in the enterprise over the past three months. Last March CEO Lynn M Bamford sold 1,337 shares at an average price of $171.10 per share for a staggering total of $228,760.70 while COO Kevin Rayment sold 1,055 shares for a total worth of $180,405.00 at the same time as Bamford’s sale.
Several research firms have given Curtiss-Wright positive ratings for performance in recent months with William Blair issuing an “outperform” rating on May 19th and Stifel Nicolaus raising their price target from $196 to $200 last April 17th while giving another “buy” rating on it.The aerospace company reported strong financials last May where it posted revenue figures exceeding analyst estimates with sales reaching $631 million against an estimated amount just shy of that at $585.49 million.
Individual shareholders who own Curtiss-Wright stocks could also be delighted to hear that the company declared a dividend payable next month. This will be issued on July 5th and represents an increase from the previous quarter, with shareholders receiving $0.20 per share, up from the $0.19 that was issued last time round. The ex-dividend date of this distribution is on Thursday, June 15th. Based on these developments, Curtiss-Wright Co.’s total dividend payout ratio stands at 9.45%.
