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

Curtiss-Wright Co. (NYSE:CW) reached 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 traded. The stock had previously closed at $285.47.

Wall Street Analysts Forecast Growth

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

Curtiss-Wright Trading Down 1.3 %

The stock has a market cap of $11.14 billion, a price-to-earnings ratio of 29.94 and a beta of 1.18. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.38 and a current ratio of 2.02. The company’s 50 day simple moving average is $277.21 and its two-hundred day simple moving average is $257.20.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, May 1st. The aerospace company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.24. The firm had revenue of $713.17 million for the quarter, compared to analyst estimates of $664.01 million. Curtiss-Wright had a net margin of 12.78% and a return on equity of 16.79%. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.53 EPS. Research analysts expect that Curtiss-Wright Co. will post 10.25 EPS for the current fiscal year.

Curtiss-Wright Increases Dividend

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

Insider Transactions at Curtiss-Wright

In other news, Director S Marce Fuller sold 5,300 shares of the stock in a transaction on 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 transaction, the director now owns 25,770 shares in the company, valued at approximately $7,242,400.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, COO Kevin Rayment sold 8,415 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $281.67, for a total value of $2,370,253.05. Following the transaction, the chief operating officer now directly owns 19,914 shares in the company, valued at approximately $5,609,176.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director S Marce Fuller sold 5,300 shares of the firm’s stock in a transaction on 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 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 90 days. 0.67% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CW. Versant Capital Management Inc grew its stake in Curtiss-Wright by 5,050.0% in 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 during the last quarter. GPS Wealth Strategies Group LLC bought a new stake in Curtiss-Wright in the 2nd quarter valued at $30,000. EverSource Wealth Advisors LLC boosted its holdings in 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 purchasing an additional 116 shares during the period. Creekmur Asset Management LLC bought a new stake in Curtiss-Wright in the 4th quarter valued at $32,000. Finally, Venturi Wealth Management LLC boosted its holdings in Curtiss-Wright by 53.6% in the 4th quarter. Venturi Wealth Management LLC now owns 149 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 52 shares during the period. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Curtiss-Wright Company Profile

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.