Curtiss-Wright (NYSE:CW) Hits New 12-Month High - Should You Buy?

Curtiss-Wright Corporation (NYSE:CW - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Wednesday . The stock 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 Ratings Changes

A number of analysts recently commented on CW shares. Truist Financial lowered their price objective on Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. Robert W. Baird raised their target price on shares of Curtiss-Wright from $432.00 to $500.00 and gave the company 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. Stifel Nicolaus cut their price objective on shares of Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Finally, Citigroup raised their price objective on shares of Curtiss-Wright from $444.00 to $520.00 and gave the company a "buy" rating in a research note on Monday, June 9th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Curtiss-Wright presently has an average rating of "Moderate Buy" and an average price target of $418.00.

Curtiss-Wright Stock Down 0.0%

The firm has a market cap of $17.92 billion, a P/E ratio of 42.33, a price-to-earnings-growth ratio of 3.12 and a beta of 1.14. The firm's 50 day moving average is $406.90 and its two-hundred day moving average is $362.20. The company has a current ratio of 1.89, a quick ratio of 1.28 and a debt-to-equity ratio of 0.37.

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

Curtiss-Wright Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Monday, June 16th will be issued a $0.24 dividend. This is an increase from Curtiss-Wright's previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a dividend yield of 0.20%. The ex-dividend date is Monday, June 16th. Curtiss-Wright's dividend payout ratio is 8.54%.

Insider Transactions at Curtiss-Wright

In related news, Director Bruce D. Hoechner sold 1,900 shares of the company's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $448.00, for a total value of $851,200.00. Following the completion of the transaction, the director now directly owns 4,523 shares of the company's stock, valued at approximately $2,026,304. This represents a 29.58% decrease in their position. The sale 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 Curtiss-Wright 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 in the company, valued at $3,238,550. This represents a 34.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,130 shares of company stock valued at $2,726,412 over the last 90 days. 0.55% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Voya Investment Management LLC lifted its stake in Curtiss-Wright by 114.5% in the 1st quarter. Voya Investment Management LLC now owns 44,697 shares of the aerospace company's stock valued at $14,181,000 after acquiring an additional 23,859 shares in the last quarter. Inspire Investing LLC raised its holdings in shares of Curtiss-Wright by 1.7% in the first quarter. Inspire Investing LLC now owns 10,258 shares of the aerospace company's stock valued at $3,255,000 after purchasing an additional 174 shares during the last quarter. Strs Ohio bought a new stake in shares of Curtiss-Wright in the first quarter worth $3,651,000. Acadian Asset Management LLC lifted its position in shares of Curtiss-Wright by 336.1% in the first quarter. Acadian Asset Management LLC now owns 5,046 shares of the aerospace company's stock worth $1,599,000 after purchasing an additional 3,889 shares in the last quarter. Finally, Intech Investment Management LLC boosted its holdings in Curtiss-Wright by 104.1% during the first quarter. Intech Investment Management LLC now owns 13,359 shares of the aerospace company's stock worth $4,238,000 after purchasing an additional 6,815 shares during the last quarter. 82.71% of the stock is 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.

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