Curtiss-Wright (NYSE:CW) Hits New 1-Year High - Should You Buy?

Key Points

• Curtiss-Wright Corporation stock reached a new 52-week high of $564.28, with a strong trading volume of 59,843 shares.
• Wall Street analysts generally offer a positive outlook, with a consensus rating of "Moderate Buy" and target prices ranging from $338.00 to $625.00.
• The company reported an 11.7% increase in quarterly revenue year-over-year, with earnings per share of $3.23, exceeding analyst expectations.

Curtiss-Wright Corporation (NYSE:CW - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $561.92 and last traded at $564.28, with a volume of 59843 shares. The stock had previously closed at $550.80.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CW. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $625.00 price objective on shares of Curtiss-Wright in a research note on Wednesday, October 8th. Truist Financial lowered their target price on Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating for the company in a research note on Friday, July 11th. Wall Street Zen cut Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. Citigroup lifted their target price on Curtiss-Wright from $525.00 to $568.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Finally, Morgan Stanley boosted their target price on Curtiss-Wright from $405.00 to $550.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $492.86.

Curtiss-Wright Trading Up 1.0%

The company has a debt-to-equity ratio of 0.35, a current ratio of 1.95 and a quick ratio of 1.35. The stock has a market capitalization of $20.96 billion, a price-to-earnings ratio of 47.23, a PEG ratio of 3.06 and a beta of 1.14. The business has a 50 day simple moving average of $506.00 and a 200-day simple moving average of $447.98.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The aerospace company reported $3.23 EPS for the quarter, beating analysts' consensus estimates of $3.13 by $0.10. The company had revenue of $876.58 million for the quarter, compared to analyst estimates of $855.10 million. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%.The company's quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.67 earnings per share. As a group, equities analysts expect that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Friday, September 26th. Curtiss-Wright's payout ratio is 8.10%.

Insider Activity at Curtiss-Wright

In other news, VP John C. Watts sold 1,110 shares of the business's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $480.50, for a total value of $533,355.00. Following the sale, the vice president directly owned 3,863 shares in the company, valued at $1,856,171.50. The trade was a 22.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.55% of the stock is currently owned by company insiders.

Institutional Trading of Curtiss-Wright

Institutional investors and hedge funds have recently bought and sold shares of the stock. Twin Peaks Wealth Advisors LLC bought a new stake in Curtiss-Wright during the second quarter worth about $27,000. Penserra Capital Management LLC bought a new stake in Curtiss-Wright in the second quarter valued at approximately $29,000. 1 North Wealth Services LLC bought a new position in shares of Curtiss-Wright during the first quarter worth approximately $32,000. Private Trust Co. NA raised its position in shares of Curtiss-Wright by 13,800.0% in the 1st quarter. Private Trust Co. NA now owns 139 shares of the aerospace company's stock worth $44,000 after acquiring an additional 138 shares in the last quarter. Finally, West Oak Capital LLC acquired a new position in Curtiss-Wright during the 2nd quarter valued at about $49,000. Institutional investors own 82.71% of the company's stock.

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.

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