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

Curtiss-Wright Co. (NYSE:CW)’s share price reached a new 52-week high on Tuesday . The company traded as high as $350.57 and last traded at $349.27, with a volume of 38528 shares changing hands. The stock had previously closed at $347.75.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CW. StockNews.com cut shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, September 23rd. Stifel Nicolaus lifted their target price on Curtiss-Wright from $318.00 to $361.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Robert W. Baird raised their price objective on Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $318.25.

Curtiss-Wright Trading Up 0.6 %

The firm has a fifty day moving average price of $318.61 and a 200-day moving average price of $287.51. The company has a market capitalization of $13.90 billion, a P/E ratio of 37.37 and a beta of 1.18. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.05 and a quick ratio of 1.42.

Curtiss-Wright (NYSE:CW) last announced its earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.43. The firm had revenue of $785.00 million during the quarter, compared to analyst estimates of $735.82 million. Curtiss-Wright had a return on equity of 17.07% and a net margin of 13.05%. The business’s revenue was up 11.4% compared to the same quarter last year. During the same period last year, the firm posted $2.15 EPS. On average, equities research analysts anticipate that Curtiss-Wright Co. will post 10.56 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date was Friday, September 27th. Curtiss-Wright’s dividend payout ratio is currently 8.65%.

Insider Buying and Selling

In other news, Director Glenda J. Minor sold 500 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $302.80, for a total transaction of $151,400.00. Following the transaction, the director now owns 1,382 shares of the company’s stock, valued at $418,469.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.67% of the stock is currently owned by insiders.

Institutional Trading of Curtiss-Wright

Several hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC lifted its holdings in Curtiss-Wright by 1,414.4% during the 1st quarter. SG Americas Securities LLC now owns 16,038 shares of the aerospace company’s stock worth $4,105,000 after purchasing an additional 14,979 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Curtiss-Wright by 38.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 76,283 shares of the aerospace company’s stock valued at $19,524,000 after acquiring an additional 21,074 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in Curtiss-Wright during the 2nd quarter worth approximately $41,383,000. Susquehanna Fundamental Investments LLC purchased a new stake in Curtiss-Wright in the 1st quarter worth approximately $5,007,000. Finally, Cetera Advisors LLC boosted its holdings in Curtiss-Wright by 178.7% in the 1st quarter. Cetera Advisors LLC now owns 3,974 shares of the aerospace company’s stock valued at $1,017,000 after purchasing an additional 2,548 shares during the period. 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.