Curtiss-Wright (NYSE:CW) Hits New 52-Week High – What’s Next?

Curtiss-Wright Corporation (NYSE:CW)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $683.09 and last traded at $673.6690, with a volume of 252409 shares trading hands. The stock had previously closed at $663.99.

Analyst Ratings Changes

Several research firms have recently commented on CW. Truist Financial set a $603.00 price target on shares of Curtiss-Wright in a research report on Friday, January 9th. Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a research report on Monday, December 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $625.00 price target on shares of Curtiss-Wright in a report on Wednesday, October 8th. Morgan Stanley reissued an “overweight” rating and set a $660.00 price objective on shares of Curtiss-Wright in a research report on Tuesday, December 16th. Finally, Stifel Nicolaus set a $625.00 target price on shares of Curtiss-Wright in a research report on Friday, January 23rd. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Curtiss-Wright currently has an average rating of “Moderate Buy” and a consensus price target of $612.33.

Curtiss-Wright Trading Up 1.5%

The company has a 50 day moving average of $592.18 and a 200-day moving average of $547.77. The stock has a market cap of $24.84 billion, a price-to-earnings ratio of 54.90, a price-to-earnings-growth ratio of 3.03 and a beta of 0.93. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.17 and a current ratio of 1.75.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Thursday, November 6th. The aerospace company reported $3.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.28 by $0.12. The company 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 business’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.89 earnings per share. On average, research analysts anticipate that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Friday, November 28th. Curtiss-Wright’s dividend payout ratio is presently 7.82%.

Insider Buying and Selling

In other Curtiss-Wright news, EVP John C. Watts sold 288 shares of the business’s stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $600.00, for a total value of $172,800.00. Following the completion of the transaction, the executive vice president owned 3,188 shares in the company, valued at $1,912,800. The trade was a 8.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last three months, insiders have sold 513 shares of company stock valued at $302,586. Company insiders own 0.55% of the company’s stock.

Hedge Funds Weigh In On Curtiss-Wright

Institutional investors and hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. lifted its stake in Curtiss-Wright by 10.6% in the first quarter. Goldman Sachs Group Inc. now owns 213,101 shares of the aerospace company’s stock worth $67,611,000 after acquiring an additional 20,379 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Curtiss-Wright during the second quarter worth $235,000. Janney Montgomery Scott LLC increased its holdings in Curtiss-Wright by 9.0% in the second quarter. Janney Montgomery Scott LLC now owns 3,982 shares of the aerospace company’s stock valued at $1,945,000 after buying an additional 330 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Curtiss-Wright by 0.8% in the second quarter. Robeco Institutional Asset Management B.V. now owns 4,478 shares of the aerospace company’s stock valued at $2,188,000 after buying an additional 37 shares in the last quarter. Finally, Ascent Group LLC raised its stake in Curtiss-Wright by 12.1% in the second quarter. Ascent Group LLC now owns 824 shares of the aerospace company’s stock valued at $403,000 after buying an additional 89 shares in the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

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.