Curtiss-Wright (NYSE:CW) Reaches New 1-Year High - Still a Buy?

Key Points

• Curtiss-Wright's stock reached a new 52-week high of $551.70, closing at $544.95 with a trading volume of 64,534 shares.
• Analysts have mixed ratings for Curtiss-Wright, with six giving a "Buy" rating and two a "Hold," while price targets range from $338.00 to $568.00.
• The company reported a net margin of 13.66% and a year-over-year revenue increase of 11.7%, with an EPS of $3.23 surpassing estimates.

Curtiss-Wright Corporation (NYSE:CW - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $551.70 and last traded at $544.95, with a volume of 64534 shares. The stock had previously closed at $538.01.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CW shares. Stifel Nicolaus lifted their target price on Curtiss-Wright from $450.00 to $457.00 and gave the company a "hold" rating in a research report on Friday, August 8th. Citigroup raised their price target on Curtiss-Wright from $525.00 to $568.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Truist Financial decreased their price objective on Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating for the company in a report on Friday, July 11th. Morgan Stanley increased their target price on shares of Curtiss-Wright from $405.00 to $550.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Finally, Wall Street Zen downgraded shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $468.14.

Curtiss-Wright Stock Performance

The business has a 50-day moving average of $499.23 and a two-hundred day moving average of $438.73. 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 company has a market cap of $20.74 billion, a P/E ratio of 46.45, a P/E/G ratio of 3.29 and a beta of 1.14.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its earnings results on Wednesday, August 6th. The aerospace company reported $3.23 EPS for the quarter, topping analysts' consensus estimates of $3.13 by $0.10. The business had revenue of $876.58 million during the quarter, compared to the consensus estimate of $855.10 million. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. The firm's revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.67 earnings per share. On average, sell-side analysts predict that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.96 dividend on an annualized basis and a yield of 0.2%. Curtiss-Wright's dividend payout ratio is presently 8.10%.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, VP John C. Watts sold 1,110 shares of Curtiss-Wright stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $480.50, for a total value of $533,355.00. Following the transaction, the vice president directly owned 3,863 shares of the company's stock, valued at approximately $1,856,171.50. The trade was a 22.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.55% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. boosted its holdings in Curtiss-Wright by 98.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,664 shares of the aerospace company's stock worth $1,163,000 after acquiring an additional 1,817 shares in the last quarter. Vontobel Holding Ltd. increased its holdings in shares of Curtiss-Wright by 100.4% during the first quarter. Vontobel Holding Ltd. now owns 1,140 shares of the aerospace company's stock valued at $362,000 after acquiring an additional 571 shares in the last quarter. Sowell Financial Services LLC purchased a new position in shares of Curtiss-Wright in the 1st quarter valued at approximately $240,000. Janney Montgomery Scott LLC raised its position in shares of Curtiss-Wright by 37.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 3,652 shares of the aerospace company's stock valued at $1,159,000 after purchasing an additional 999 shares during the last quarter. Finally, Mission Wealth Management LP acquired a new stake in Curtiss-Wright in the 1st quarter worth approximately $206,000. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

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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