Curtiss-Wright (NYSE:CW) Reaches New 12-Month High – What’s Next?

Curtiss-Wright Corporation (NYSE:CW) hit a new 52-week high on Wednesday . The company traded as high as $737.55 and last traded at $724.1420, with a volume of 77057 shares traded. The stock had previously closed at $699.88.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Stifel Nicolaus boosted their price target on Curtiss-Wright from $625.00 to $650.00 and gave the stock a “hold” rating in a research report on Friday, February 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $748.00 price target on shares of Curtiss-Wright in a research report on Tuesday, February 17th. Wall Street Zen raised Curtiss-Wright from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Truist Financial set a $603.00 price target on Curtiss-Wright in a research report on Friday, January 9th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a research report on Monday, December 22nd. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $664.83.

Curtiss-Wright Trading Up 3.2%

The company has a market cap of $26.66 billion, a P/E ratio of 56.07, a PEG ratio of 3.39 and a beta of 0.91. The business has a fifty day moving average price of $681.36 and a 200-day moving average price of $608.88. The company has a quick ratio of 1.00, a current ratio of 1.44 and a debt-to-equity ratio of 0.30.

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

Curtiss-Wright Announces Dividend

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

Insider Activity at Curtiss-Wright

In other news, VP Gary A. Ogilby sold 252 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $689.14, for a total transaction of $173,663.28. Following the completion of the sale, the vice president owned 2,571 shares in the company, valued at $1,771,778.94. The trade was a 8.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 shares were sold at an average price of $678.07, for a total value of $102,388.57. Following the completion of the sale, the vice president owned 4,210 shares of the company’s stock, valued at approximately $2,854,674.70. This trade represents a 3.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 23,005 shares of company stock valued at $14,706,591. Insiders own 0.55% of the company’s stock.

Institutional Investors Weigh In On Curtiss-Wright

Several institutional investors have recently made changes to their positions in the stock. State Street Corp boosted its stake in shares of Curtiss-Wright by 1.2% in the third quarter. State Street Corp now owns 1,436,161 shares of the aerospace company’s stock valued at $780,091,000 after buying an additional 16,962 shares during the period. Invesco Ltd. boosted its stake in shares of Curtiss-Wright by 7.9% in the fourth quarter. Invesco Ltd. now owns 1,217,608 shares of the aerospace company’s stock valued at $671,231,000 after buying an additional 88,688 shares during the period. Geode Capital Management LLC boosted its stake in shares of Curtiss-Wright by 6.0% in the fourth quarter. Geode Capital Management LLC now owns 841,788 shares of the aerospace company’s stock valued at $464,130,000 after buying an additional 47,287 shares during the period. TD Asset Management Inc boosted its stake in shares of Curtiss-Wright by 0.3% in the third quarter. TD Asset Management Inc now owns 791,531 shares of the aerospace company’s stock valued at $429,754,000 after buying an additional 2,153 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Curtiss-Wright by 5.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 768,260 shares of the aerospace company’s stock valued at $423,519,000 after buying an additional 39,515 shares during the period. 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.