Curtiss-Wright (NYSE:CW) Reaches New 52-Week High – Here’s What Happened

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

Analyst Ratings Changes

A number of brokerages recently issued reports on CW. Citigroup raised their price objective on Curtiss-Wright from $607.00 to $661.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 13th. Morgan Stanley reissued an “overweight” rating and issued a $660.00 price target on shares of Curtiss-Wright in a research note on Tuesday, December 16th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Curtiss-Wright in a research report on Monday, December 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $625.00 target price on shares of Curtiss-Wright in a research report on Wednesday, October 8th. Finally, Wall Street Zen upgraded Curtiss-Wright from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $612.33.

Curtiss-Wright Stock Performance

The stock’s 50-day simple moving average is $582.50 and its 200 day simple moving average is $542.28. The company has a market capitalization of $24.12 billion, a PE ratio of 53.29, a P/E/G ratio of 3.01 and a beta of 0.95. 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 released its quarterly earnings data on Thursday, November 6th. The aerospace company reported $3.40 EPS for the quarter, beating analysts’ consensus estimates of $3.28 by $0.12. The business had revenue of $869.00 million for the quarter, compared to the consensus estimate of $869.03 million. Curtiss-Wright had a return on equity of 18.82% and a net margin of 13.78%.The business’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.89 EPS. As a group, research analysts expect that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

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

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, EVP John C. Watts sold 288 shares of the company’s stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $600.00, for a total value of $172,800.00. Following the transaction, the executive vice president directly owned 3,188 shares in the company, valued at approximately $1,912,800. This represents a 8.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 513 shares of company stock valued at $302,586 over the last ninety days. Insiders own 0.55% of the company’s stock.

Hedge Funds Weigh In On Curtiss-Wright

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