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

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $748.00 target price on shares of Curtiss-Wright in a research note on Tuesday, February 17th. Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a research note on Monday, December 22nd. Morgan Stanley restated an “overweight” rating and set a $760.00 target price on shares of Curtiss-Wright in a research note on Friday, February 13th. Truist Financial set a $603.00 target price on Curtiss-Wright in a research note on Friday, January 9th. Finally, Wall Street Zen upgraded shares of Curtiss-Wright from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $664.83.

Curtiss-Wright Stock Up 3.2%

The firm’s fifty day moving average price is $681.36 and its 200-day moving average price is $608.88. The company has a market capitalization of $26.66 billion, a price-to-earnings ratio of 56.07, a P/E/G ratio of 3.39 and a beta of 0.91. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.44 and a quick ratio of 1.00.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.66 by $0.13. The company had revenue of $946.98 million during the quarter, compared to the consensus estimate of $890.14 million. Curtiss-Wright had a net margin of 13.84% and a return on equity of 19.28%. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period in the prior year, the business earned $3.27 earnings per share. Sell-side analysts expect that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

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

Insiders Place Their Bets

In related news, VP George P. Mcdonald sold 151 shares of the stock in a transaction on Tuesday, March 17th. The stock was 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 directly owned 4,210 shares in the company, valued at $2,854,674.70. This represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Gary A. Ogilby sold 252 shares of the stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $689.14, for a total value of $173,663.28. Following the completion of the sale, the vice president owned 2,571 shares of the company’s stock, valued at $1,771,778.94. The trade was a 8.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 23,005 shares of company stock valued at $14,706,591 over the last ninety days. 0.55% of the stock is currently owned by corporate insiders.

Institutional Trading of Curtiss-Wright

Institutional investors and hedge funds have recently bought and sold shares of the stock. Atlantic Union Bankshares Corp acquired a new stake in Curtiss-Wright in the third quarter valued at $26,000. Cary Street Partners Investment Advisory LLC acquired a new stake in Curtiss-Wright in the fourth quarter valued at $31,000. Larson Financial Group LLC increased its holdings in Curtiss-Wright by 53.8% in the third quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 21 shares during the period. First Horizon Corp acquired a new stake in Curtiss-Wright in the third quarter valued at $34,000. Finally, Transamerica Financial Advisors LLC increased its holdings in Curtiss-Wright by 25.9% in the fourth quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock valued at $40,000 after purchasing an additional 15 shares during the period. 82.71% of the stock is currently 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.