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

Curtiss-Wright Corporation (NYSE:CW - Get Free Report)'s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $484.05 and last traded at $480.85, with a volume of 25017 shares changing hands. The stock had previously closed at $476.02.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CW. Robert W. Baird boosted their price target on shares of Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Wall Street Zen downgraded shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 24th. Citigroup increased their target price on shares of Curtiss-Wright from $444.00 to $520.00 and gave the stock a "buy" rating in a report on Monday, June 9th. Truist Financial dropped their price target on shares of Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. Finally, Stifel Nicolaus reduced their price objective on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $418.00.

Curtiss-Wright Stock Up 1.0%

The firm has a 50 day moving average price of $416.70 and a 200-day moving average price of $364.62. The company has a current ratio of 1.89, a quick ratio of 1.28 and a debt-to-equity ratio of 0.37. The firm has a market cap of $18.37 billion, a PE ratio of 43.39, a PEG ratio of 3.17 and a beta of 1.14.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.39 by $0.43. The business had revenue of $805.65 million during the quarter, compared to analysts' expectations of $767.32 million. Curtiss-Wright had a return on equity of 18.02% and a net margin of 13.38%. The business's quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.99 EPS. Research analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Monday, June 16th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.20%. The ex-dividend date is Monday, June 16th. This is a positive change from Curtiss-Wright's previous quarterly dividend of $0.21. Curtiss-Wright's dividend payout ratio (DPR) is 8.54%.

Insider Buying and Selling

In other news, Director Bruce D. Hoechner sold 1,900 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $448.00, for a total value of $851,200.00. Following the completion of the sale, the director now directly owns 4,523 shares of the company's stock, valued at approximately $2,026,304. The trade was a 29.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO K Christopher Farkas sold 4,780 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $350.00, for a total value of $1,673,000.00. Following the completion of the sale, the chief financial officer now directly owns 9,253 shares of the company's stock, valued at approximately $3,238,550. This trade represents a 34.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,130 shares of company stock worth $2,726,412 over the last 90 days. 0.55% of the stock is owned by insiders.

Institutional Investors Weigh In On Curtiss-Wright

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Minot DeBlois Advisors LLC purchased a new stake in Curtiss-Wright in the fourth quarter valued at approximately $35,000. Whipplewood Advisors LLC lifted its stake in Curtiss-Wright by 1,566.7% in the first quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company's stock valued at $32,000 after buying an additional 94 shares during the last quarter. 1 North Wealth Services LLC purchased a new stake in Curtiss-Wright in the first quarter valued at approximately $32,000. Ancora Advisors LLC purchased a new stake in Curtiss-Wright in the fourth quarter valued at approximately $49,000. Finally, Private Trust Co. NA lifted its stake in Curtiss-Wright by 13,800.0% in the first quarter. Private Trust Co. NA now owns 139 shares of the aerospace company's stock valued at $44,000 after buying an additional 138 shares during the last quarter. Hedge funds and other 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.