Curtiss-Wright (NYSE:CW) Sets New 12-Month High – Still a Buy?

Curtiss-Wright Corporation (NYSE:CW)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $741.23 and last traded at $737.6220, with a volume of 5218 shares changing hands. The stock had previously closed at $725.71.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CW shares. Stifel Nicolaus lifted their price objective on Curtiss-Wright from $650.00 to $723.00 and gave the company a “hold” rating in a report on Tuesday. Morgan Stanley reaffirmed an “overweight” rating and issued a $760.00 price objective on shares of Curtiss-Wright in a report on Friday, February 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Curtiss-Wright in a report on Monday, December 22nd. Citigroup lifted their price objective on Curtiss-Wright from $718.00 to $728.00 and gave the company a “neutral” rating in a report on Thursday, April 2nd. Finally, Truist Financial set a $603.00 price objective on Curtiss-Wright in a report on Friday, January 9th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and a consensus target price of $677.00.

Curtiss-Wright Stock Down 1.4%

The company has a market capitalization of $27.03 billion, a PE ratio of 56.91, a price-to-earnings-growth ratio of 3.53 and a beta of 0.91. The firm’s 50-day simple moving average is $690.18 and its 200 day simple moving average is $617.14. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.44.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Wednesday, February 11th. The aerospace company reported $3.79 EPS for the quarter, topping the consensus estimate of $3.66 by $0.13. The company had revenue of $946.98 million for the quarter, compared to analyst estimates of $890.14 million. Curtiss-Wright had a net margin of 13.84% and a return on equity of 19.28%. The business’s revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the firm earned $3.27 EPS. As a group, equities research analysts forecast that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 13th. Stockholders of record on Thursday, March 26th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. Curtiss-Wright’s payout ratio is 7.46%.

Insider Buying and Selling at Curtiss-Wright

In other news, VP Robert F. Freda sold 140 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $678.61, for a total transaction of $95,005.40. Following the sale, the vice president owned 5,343 shares of the company’s stock, valued at $3,625,813.23. The trade was a 2.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP George P. Mcdonald sold 151 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $678.07, for a total value of $102,388.57. Following the sale, the vice president directly owned 4,210 shares in the company, valued at $2,854,674.70. This trade represents a 3.46% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 22,717 shares of company stock worth $14,533,791. Corporate insiders own 0.51% of the company’s stock.

Institutional Investors Weigh In On Curtiss-Wright

Several institutional investors and hedge funds have recently made changes to their positions in CW. Transamerica Financial Advisors LLC increased its stake in shares of Curtiss-Wright by 25.9% in the fourth quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock worth $40,000 after buying an additional 15 shares during the last quarter. IFP Advisors Inc increased its stake in shares of Curtiss-Wright by 2.3% in the fourth quarter. IFP Advisors Inc now owns 698 shares of the aerospace company’s stock worth $385,000 after buying an additional 16 shares during the last quarter. Summit Financial LLC increased its holdings in Curtiss-Wright by 2.3% in the fourth quarter. Summit Financial LLC now owns 697 shares of the aerospace company’s stock valued at $384,000 after buying an additional 16 shares during the last quarter. Clearstead Advisors LLC increased its holdings in Curtiss-Wright by 1.6% in the third quarter. Clearstead Advisors LLC now owns 1,067 shares of the aerospace company’s stock valued at $579,000 after buying an additional 17 shares during the last quarter. Finally, Mayflower Financial Advisors LLC increased its holdings in Curtiss-Wright by 2.9% in the fourth quarter. Mayflower Financial Advisors LLC now owns 611 shares of the aerospace company’s stock valued at $337,000 after buying an additional 17 shares during the last quarter. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.