Curtiss-Wright (NYSE:CW) Reaches New 12-Month High – Should You Buy?

Curtiss-Wright Corporation (NYSE:CW) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $714.95 and last traded at $709.8750, with a volume of 41808 shares trading hands. The stock had previously closed at $702.55.

Wall Street Analysts Forecast Growth

CW has been the subject of a number of recent analyst reports. Wall Street Zen raised Curtiss-Wright from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a research note on Monday, December 22nd. Stifel Nicolaus upped their price objective on shares of Curtiss-Wright from $625.00 to $650.00 and gave the stock a “hold” rating in a research report on Friday, February 13th. Citigroup upped their price target on shares of Curtiss-Wright from $661.00 to $718.00 and gave the stock a “neutral” rating in a research report on Friday, February 13th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $748.00 target price on shares of Curtiss-Wright in a research note on Tuesday. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $663.17.

Curtiss-Wright Stock Down 0.2%

The company has a quick ratio of 1.00, a current ratio of 1.44 and a debt-to-equity ratio of 0.30. The business has a 50-day moving average price of $618.63 and a 200-day moving average price of $561.61. The firm has a market capitalization of $25.85 billion, a PE ratio of 54.89, a price-to-earnings-growth ratio of 3.06 and a beta of 0.93.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share for the quarter, beating 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 business had revenue of $946.98 million during the quarter, compared to analysts’ expectations of $890.14 million. During the same period in the previous year, the firm posted $3.27 earnings per share. The company’s revenue was up 14.9% on a year-over-year basis. Equities research analysts forecast that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

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

Insider Buying and Selling

In other Curtiss-Wright news, VP Gary A. Ogilby sold 625 shares of the company’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $624.32, for a total value of $390,200.00. Following the transaction, the vice president directly owned 2,571 shares in the company, valued at approximately $1,605,126.72. This represents a 19.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Robert F. Freda sold 418 shares of the stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $626.95, for a total value of $262,065.10. Following the completion of the transaction, the vice president directly owned 5,187 shares in the company, valued at $3,251,989.65. This trade represents a 7.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 17,269 shares of company stock valued at $10,797,098 in the last quarter. Corporate insiders own 0.55% of the company’s stock.

Institutional Trading of Curtiss-Wright

A number of hedge funds and other institutional investors have recently made changes to their positions in CW. Atlantic Union Bankshares Corp bought a new stake in shares of Curtiss-Wright in the 3rd quarter valued at approximately $26,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Curtiss-Wright in the 2nd quarter valued at approximately $27,000. Cary Street Partners Investment Advisory LLC acquired a new position in shares of Curtiss-Wright during the fourth quarter valued at approximately $31,000. Penserra Capital Management LLC acquired a new position in Curtiss-Wright during the second quarter worth about $29,000. Finally, Larson Financial Group LLC raised its holdings in shares of Curtiss-Wright by 53.8% in the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 21 shares in 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.