Curtiss-Wright (NYSE:CW) Reaches New 12-Month High at $290.01

Shares of Curtiss-Wright Co. (NYSE:CW) hit a new 52-week high during trading on Wednesday . The stock traded as high as $290.01 and last traded at $289.19, with a volume of 5630 shares. The stock had previously closed at $285.47.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CW shares. Stifel Nicolaus lifted their price objective on Curtiss-Wright from $310.00 to $318.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Truist Financial increased their price target on shares of Curtiss-Wright from $252.00 to $270.00 and gave the company a “hold” rating in a research note on Wednesday, May 22nd. Robert W. Baird lifted their price target on shares of Curtiss-Wright from $246.00 to $300.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. StockNews.com downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Finally, Morgan Stanley boosted their price target on shares of Curtiss-Wright from $284.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, May 23rd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Curtiss-Wright currently has an average rating of “Moderate Buy” and an average target price of $304.50.

Curtiss-Wright Stock Performance

The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.40. The company has a market cap of $11.29 billion, a P/E ratio of 29.41 and a beta of 1.18. The stock has a 50 day moving average price of $276.74 and a two-hundred day moving average price of $256.69.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Wednesday, May 1st. The aerospace company reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.24. Curtiss-Wright had a net margin of 12.78% and a return on equity of 16.79%. The company had revenue of $713.17 million during the quarter, compared to the consensus estimate of $664.01 million. During the same quarter in the prior year, the firm posted $1.53 EPS. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. On average, research analysts predict that Curtiss-Wright Co. will post 10.25 earnings per share for the current fiscal year.

Curtiss-Wright Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Monday, June 17th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, June 17th. This represents a $0.84 dividend on an annualized basis and a yield of 0.29%. This is a positive change from Curtiss-Wright’s previous quarterly dividend of $0.20. Curtiss-Wright’s payout ratio is currently 8.65%.

Insider Buying and Selling

In other news, COO Kevin Rayment sold 8,415 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $281.67, for a total transaction of $2,370,253.05. Following the completion of the transaction, the chief operating officer now directly owns 19,914 shares in the company, valued at $5,609,176.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director S Marce Fuller sold 5,300 shares of the stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $281.04, for a total transaction of $1,489,512.00. Following the completion of the transaction, the director now owns 25,770 shares in the company, valued at $7,242,400.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, COO Kevin Rayment sold 8,415 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $281.67, for a total transaction of $2,370,253.05. Following the sale, the chief operating officer now owns 19,914 shares in the company, valued at $5,609,176.38. The disclosure for this sale can be found here. Insiders have acquired a total of 120 shares of company stock worth $27,914 in the last ninety days. Company insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On Curtiss-Wright

A number of hedge funds and other institutional investors have recently bought and sold shares of CW. Versant Capital Management Inc boosted its holdings in shares of Curtiss-Wright by 5,050.0% during the 2nd quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company’s stock valued at $28,000 after buying an additional 101 shares in the last quarter. GPS Wealth Strategies Group LLC purchased a new position in Curtiss-Wright during the 2nd quarter valued at approximately $30,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Curtiss-Wright by 1,933.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company’s stock valued at $31,000 after acquiring an additional 116 shares during the last quarter. Creekmur Asset Management LLC bought a new position in shares of Curtiss-Wright during the 4th quarter valued at approximately $32,000. Finally, Venturi Wealth Management LLC raised its stake in shares of Curtiss-Wright by 53.6% in the fourth quarter. Venturi Wealth Management LLC now owns 149 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 52 shares during the period. Hedge funds and other institutional investors own 82.71% of the company’s stock.

About Curtiss-Wright

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.