Curtiss-Wright (NYSE:CW) Sets New 1-Year High – Still a Buy?

Curtiss-Wright Corporation (NYSE:CW)’s stock price reached a new 52-week high on Monday . The company traded as high as $617.39 and last traded at $613.74, with a volume of 17581 shares traded. The stock had previously closed at $605.10.

Wall Street Analyst Weigh In

CW has been the topic of several research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $625.00 price target on shares of Curtiss-Wright in a research note on Wednesday, October 8th. Citigroup started coverage on shares of Curtiss-Wright in a research report on Thursday, December 11th. They issued a “neutral” rating and a $607.00 target price on the stock. Stifel Nicolaus lowered their price target on shares of Curtiss-Wright from $587.00 to $584.00 and set a “hold” rating for the company in a research note on Tuesday, December 16th. Wall Street Zen upgraded shares of Curtiss-Wright from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $660.00 price objective on shares of Curtiss-Wright in a report on Tuesday, December 16th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $596.50.

Curtiss-Wright Price Performance

The business has a 50 day moving average of $560.87 and a 200 day moving average of $527.40. The company has a market cap of $22.67 billion, a PE ratio of 50.08, a price-to-earnings-growth ratio of 2.75 and a beta of 0.95. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.75 and a quick ratio of 1.17.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Thursday, November 6th. The aerospace company reported $3.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.28 by $0.12. Curtiss-Wright had a net margin of 13.78% and a return on equity of 18.82%. The company had revenue of $869.00 million for the quarter, compared to analysts’ expectations of $869.03 million. During the same quarter in the previous year, the company earned $2.89 earnings per share. Curtiss-Wright’s quarterly revenue was up 8.8% on a year-over-year basis. As a group, research analysts predict that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Friday, November 28th. Curtiss-Wright’s dividend payout ratio is 7.82%.

Insider Buying and Selling at Curtiss-Wright

In related news, EVP John C. Watts sold 288 shares of the firm’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $600.00, for a total transaction of $172,800.00. Following the completion of the transaction, the executive vice president owned 3,188 shares of the company’s stock, valued at $1,912,800. This trade represents a 8.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders sold 513 shares of company stock valued at $302,586. Corporate insiders own 0.55% of the company’s stock.

Institutional Trading of Curtiss-Wright

Institutional investors and hedge funds have recently bought and sold shares of the company. Atlantic Union Bankshares Corp bought a new stake in shares of Curtiss-Wright in the 3rd quarter worth $26,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Curtiss-Wright during the second quarter valued at approximately $27,000. Penserra Capital Management LLC bought a new position in Curtiss-Wright in the 2nd quarter worth $29,000. Larson Financial Group LLC lifted its position in shares of Curtiss-Wright by 53.8% during the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock valued at $33,000 after buying an additional 21 shares in the last quarter. Finally, First Horizon Corp bought a new position in shares of Curtiss-Wright in the third quarter worth approximately $34,000. 82.71% of the stock is currently owned by institutional investors.

About Curtiss-Wright

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.