Curtiss-Wright (NYSE:CW) Hits New 12-Month High – Time to Buy?

Curtiss-Wright Corporation (NYSE:CW) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $808.16 and last traded at $774.40, with a volume of 11022 shares trading hands. The stock had previously closed at $792.77.

Analyst Upgrades and Downgrades

CW has been the topic of several research reports. Weiss Ratings downgraded shares of Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. Robert W. Baird set a $870.00 price objective on shares of Curtiss-Wright in a report on Friday, May 8th. Stifel Nicolaus set a $724.00 target price on shares of Curtiss-Wright in a research report on Friday, May 8th. Finally, Citigroup upped their target price on shares of Curtiss-Wright from $775.00 to $793.00 and gave the stock a “neutral” rating in a report on Wednesday, July 1st. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $749.67.

Curtiss-Wright Stock Performance

The firm has a market cap of $28.14 billion, a PE ratio of 55.97, a PEG ratio of 3.52 and a beta of 0.86. The company has a quick ratio of 1.05, a current ratio of 1.52 and a debt-to-equity ratio of 0.29. The company has a 50-day simple moving average of $741.63 and a two-hundred day simple moving average of $689.46.

Curtiss-Wright (NYSE:CW) last announced its earnings results on Thursday, May 7th. The aerospace company reported $3.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.32 by $0.16. The firm had revenue of $913.69 million during the quarter, compared to analyst estimates of $863.83 million. Curtiss-Wright had a return on equity of 20.00% and a net margin of 14.17%.The business’s revenue was up 13.4% compared to the same quarter last year. During the same period last year, the firm posted $2.82 EPS. As a group, equities research analysts forecast that Curtiss-Wright Corporation will post 15.17 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, June 15th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Monday, June 15th. Curtiss-Wright’s dividend payout ratio (DPR) is 7.62%.

Insiders Place Their Bets

In related news, CEO Lynn M. Bamford sold 2,500 shares of Curtiss-Wright stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $721.72, for a total value of $1,804,300.00. Following the sale, the chief executive officer owned 48,134 shares of the company’s stock, valued at approximately $34,739,270.48. The trade was a 4.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Gary A. Ogilby sold 399 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $721.95, for a total value of $288,058.05. Following the completion of the transaction, the vice president owned 2,172 shares in the company, valued at approximately $1,568,075.40. The trade was a 15.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 3,119 shares of company stock valued at $2,257,998. Company insiders own 0.51% of the company’s stock.

Institutional Trading of Curtiss-Wright

Several hedge funds have recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC purchased a new position in shares of Curtiss-Wright during the 4th quarter valued at $31,000. Larson Financial Group LLC increased its holdings in Curtiss-Wright by 53.8% in the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 21 shares during the last quarter. Transamerica Financial Advisors LLC increased its holdings in Curtiss-Wright by 25.9% in the 4th quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock worth $40,000 after acquiring an additional 15 shares during the last quarter. Signature Equity Partners LLC raised its stake in Curtiss-Wright by 140.0% in the 1st quarter. Signature Equity Partners LLC now owns 60 shares of the aerospace company’s stock valued at $41,000 after acquiring an additional 35 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new stake in Curtiss-Wright in the 4th quarter valued at about $42,000. 82.71% of the stock is currently owned by institutional investors.

Curtiss-Wright Company Profile

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.