Curtiss-Wright (NYSE:CW) Reaches New 1-Year High - Here's What Happened

Curtiss-Wright Co. (NYSE:CW - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $442.16 and last traded at $440.32, with a volume of 110791 shares trading hands. The stock had previously closed at $428.45.

Wall Street Analysts Forecast Growth

CW has been the subject of a number of recent analyst reports. Wall Street Zen lowered Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 24th. 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 note on Thursday, April 17th. Citigroup decreased their target price on Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Robert W. Baird lifted their target price on Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Finally, Stifel Nicolaus decreased their target price on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $404.29.

Curtiss-Wright Trading Down 2.0%

The firm has a market cap of $16.60 billion, a P/E ratio of 41.78, a P/E/G ratio of 2.48 and a beta of 1.04. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69. The firm has a fifty day moving average of $353.93 and a 200-day moving average of $351.02.

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 (EPS) for the quarter, topping the consensus estimate of $2.39 by $0.43. The business had revenue of $805.65 million for the quarter, compared to the consensus estimate of $767.32 million. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. The business's revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the business posted $1.99 EPS. Equities research analysts forecast that Curtiss-Wright Co. will post 12.32 earnings per share for the current year.

Curtiss-Wright Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.24 per share. The ex-dividend date is Monday, June 16th. This represents a $0.96 annualized dividend and a yield of 0.22%. This is an increase from Curtiss-Wright's previous quarterly dividend of $0.21. Curtiss-Wright's payout ratio is presently 8.54%.

Insider Buying and Selling at Curtiss-Wright

In other news, CEO Lynn M. Bamford sold 3,131 shares of the business's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total value of $1,018,858.71. Following the sale, the chief executive officer now owns 42,887 shares of the company's stock, valued at approximately $13,955,858.67. The trade was a 6.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul J. Ferdenzi sold 658 shares of the business's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $325.68, for a total value of $214,297.44. Following the completion of the sale, the insider now directly owns 19,239 shares in the company, valued at $6,265,757.52. This represents a 3.31% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,092 shares of company stock valued at $3,783,319 in the last quarter. Corporate insiders own 0.55% of the company's stock.

Institutional Trading of Curtiss-Wright

A number of hedge funds and other institutional investors have recently modified their holdings of the company. YANKCOM Partnership acquired a new position in shares of Curtiss-Wright in the 4th quarter worth $31,000. Whipplewood Advisors LLC grew its holdings in shares of Curtiss-Wright by 1,566.7% in the 1st quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company's stock worth $32,000 after acquiring an additional 94 shares during the last quarter. 1 North Wealth Services LLC acquired a new position in shares of Curtiss-Wright in the 1st quarter worth $32,000. Minot DeBlois Advisors LLC acquired a new position in shares of Curtiss-Wright in the 4th quarter worth $35,000. Finally, Private Trust Co. NA grew its holdings 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 during the last quarter. 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.