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

Curtiss-Wright Corporation (NYSE:CW) shares reached a new 52-week high during trading on Thursday . The company traded as high as $673.19 and last traded at $648.41, with a volume of 24020 shares trading hands. The stock had previously closed at $664.46.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CW. Truist Financial set a $603.00 target price on Curtiss-Wright in a research note on Friday, January 9th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $625.00 price objective on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Citigroup increased their target price on Curtiss-Wright from $607.00 to $661.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a report on Monday, December 22nd. Finally, Stifel Nicolaus set a $625.00 price target on shares of Curtiss-Wright in a report on Friday, January 23rd. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Curtiss-Wright currently has an average rating of “Moderate Buy” and a consensus target price of $612.33.

Curtiss-Wright Stock Down 1.2%

The company has a current ratio of 1.75, a quick ratio of 1.17 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $24.20 billion, a P/E ratio of 53.48, a PEG ratio of 3.03 and a beta of 0.95. The firm’s 50 day moving average price is $587.48 and its two-hundred day moving average price is $544.30.

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

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were issued a $0.24 dividend. The ex-dividend date was Friday, November 28th. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.82%.

Insider Transactions at Curtiss-Wright

In related news, EVP John C. Watts sold 288 shares of the company’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $600.00, for a total transaction of $172,800.00. Following the sale, the executive vice president owned 3,188 shares in the company, valued at approximately $1,912,800. This represents a 8.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 513 shares of company stock worth $302,586 in the last 90 days. Corporate insiders own 0.55% of the company’s stock.

Institutional Investors Weigh In On Curtiss-Wright

A number of institutional investors and hedge funds have recently made changes to their positions in CW. Edmond DE Rothschild Holding S.A. increased its holdings in Curtiss-Wright by 108.0% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 2,336 shares of the aerospace company’s stock valued at $1,141,000 after buying an additional 1,213 shares during the period. Inscription Capital LLC lifted its holdings in shares of Curtiss-Wright by 248.3% during the 3rd quarter. Inscription Capital LLC now owns 2,553 shares of the aerospace company’s stock worth $1,386,000 after acquiring an additional 1,820 shares during the period. Creative Planning boosted its position in shares of Curtiss-Wright by 30.4% during the 2nd quarter. Creative Planning now owns 5,572 shares of the aerospace company’s stock worth $2,722,000 after acquiring an additional 1,300 shares in the last quarter. Baird Financial Group Inc. increased its stake in Curtiss-Wright by 914.7% in the second quarter. Baird Financial Group Inc. now owns 20,679 shares of the aerospace company’s stock valued at $10,103,000 after acquiring an additional 18,641 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its stake in Curtiss-Wright by 17.8% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,759 shares of the aerospace company’s stock worth $3,127,000 after purchasing an additional 870 shares during the last quarter. Institutional investors own 82.71% of the company’s stock.

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.