Curtiss-Wright (NYSE:CW) Reaches New 1-Year High – What’s Next?

Curtiss-Wright Co. (NYSE:CW) reached a new 52-week high during trading on Monday . The stock traded as high as $413.55 and last traded at $413.76, with a volume of 16923 shares. The stock had previously closed at $410.11.

Analyst Upgrades and Downgrades

A number of research firms have commented on CW. StockNews.com upgraded shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 13th. Stifel Nicolaus dropped their target price on shares of Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating on the stock in a research note on Monday, April 14th. Truist Financial reduced their price objective on shares of Curtiss-Wright from $357.00 to $338.00 and set a “hold” rating for the company in a research note on Thursday, April 17th. Finally, Citigroup reduced their price target on Curtiss-Wright from $450.00 to $424.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Curtiss-Wright currently has an average rating of “Moderate Buy” and a consensus target price of $377.43.

Curtiss-Wright Stock Up 0.4%

The stock has a market cap of $15.81 billion, a P/E ratio of 39.79, a P/E/G ratio of 2.48 and a beta of 1.04. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39. The company has a 50-day simple moving average of $339.34 and a two-hundred day simple moving average of $348.01.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.39 by $0.43. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. The company had revenue of $805.65 million for the quarter, compared to analysts’ expectations of $767.32 million. During the same period last year, the firm earned $1.99 earnings per share. Curtiss-Wright’s quarterly revenue was up 13.0% on a year-over-year basis. On average, equities analysts forecast that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Monday, June 16th will be issued a $0.24 dividend. The ex-dividend date is Monday, June 16th. This is a positive change from Curtiss-Wright’s previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a yield of 0.23%. Curtiss-Wright’s dividend payout ratio (DPR) is 8.54%.

Insider Transactions at Curtiss-Wright

In other news, VP George P. Mcdonald sold 148 shares of Curtiss-Wright stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total value of $48,160.68. Following the completion of the transaction, the vice president now owns 1,899 shares of the company’s stock, valued at $617,953.59. The trade was a 7.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO K Christopher Farkas sold 922 shares of the business’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.47, for a total value of $300,083.34. Following the completion of the transaction, the chief financial officer now directly owns 14,033 shares of the company’s stock, valued at approximately $4,567,320.51. This trade represents a 6.17% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,642 shares of company stock valued at $3,581,107. Corporate insiders own 0.55% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Merit Financial Group LLC purchased a new stake in Curtiss-Wright in the 4th quarter worth approximately $210,000. Aaron Wealth Advisors LLC grew its holdings in shares of Curtiss-Wright by 5.0% in the fourth quarter. Aaron Wealth Advisors LLC now owns 774 shares of the aerospace company’s stock valued at $275,000 after purchasing an additional 37 shares in the last quarter. Diversify Wealth Management LLC increased its position in Curtiss-Wright by 43.2% in the fourth quarter. Diversify Wealth Management LLC now owns 2,894 shares of the aerospace company’s stock worth $1,014,000 after purchasing an additional 873 shares during the last quarter. Diversify Advisory Services LLC lifted its position in Curtiss-Wright by 15.5% during the fourth quarter. Diversify Advisory Services LLC now owns 1,201 shares of the aerospace company’s stock valued at $421,000 after purchasing an additional 161 shares during the last quarter. Finally, UMB Bank n.a. grew its position in Curtiss-Wright by 61.0% in the fourth quarter. UMB Bank n.a. now owns 169 shares of the aerospace company’s stock worth $60,000 after acquiring an additional 64 shares in the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

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.