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

Curtiss-Wright logo with Aerospace background

Key Points

  • Curtiss-Wright's stock recently hit a new 52-week high during trading, reaching a price of $495.00, with an average target price of $467.14 and a Moderate Buy rating from analysts.
  • Analysts from Morgan Stanley, Citigroup, and Robert W. Baird have significantly increased their price targets for Curtiss-Wright, reflecting positive sentiment and forecasts for the company's growth.
  • Curtiss-Wright has also lifted its quarterly dividend to $0.24 per share, up from $0.21, indicating a commitment to returning value to shareholders.
  • MarketBeat previews top five stocks to own in September.

Curtiss-Wright Corporation (NYSE:CW - Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as $495.00 and last traded at $491.57, with a volume of 6914 shares changing hands. The stock had previously closed at $490.63.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CW shares. Robert W. Baird increased their price objective on Curtiss-Wright from $432.00 to $500.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Stifel Nicolaus increased their price objective on Curtiss-Wright from $365.00 to $450.00 and gave the company a "hold" rating in a report on Monday, July 21st. Wall Street Zen raised Curtiss-Wright from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 12th. Morgan Stanley raised their price target on Curtiss-Wright from $405.00 to $550.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Finally, Citigroup raised their price target on Curtiss-Wright from $525.00 to $568.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $467.14.

Check Out Our Latest Analysis on CW

Curtiss-Wright Stock Down 1.2%

The stock has a fifty day moving average price of $471.62 and a 200 day moving average price of $385.74. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.89 and a quick ratio of 1.28. The stock has a market capitalization of $18.25 billion, a P/E ratio of 43.10, a price-to-earnings-growth ratio of 3.12 and a beta of 1.15.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted 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 company had revenue of $805.65 million during the quarter, compared to analyst estimates of $767.32 million. Curtiss-Wright had a return on equity of 18.02% and a net margin of 13.38%. The firm's quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the company earned $1.99 earnings per share. On average, research analysts forecast that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 7th. Investors of record on Monday, June 16th were paid a dividend of $0.24 per share. This is a positive change from Curtiss-Wright's previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Monday, June 16th. Curtiss-Wright's dividend payout ratio is 8.54%.

Insider Buying and Selling at Curtiss-Wright

In related news, Director Bruce D. Hoechner sold 1,900 shares of Curtiss-Wright stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $448.00, for a total transaction of $851,200.00. Following the completion of the sale, the director owned 4,523 shares of the company's stock, valued at approximately $2,026,304. This trade represents a 29.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John C. Watts sold 450 shares of Curtiss-Wright stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $449.36, for a total value of $202,212.00. Following the sale, the vice president directly owned 4,959 shares of the company's stock, valued at $2,228,376.24. This represents a 8.32% decrease in their position. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Curtiss-Wright

A number of large investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its position in Curtiss-Wright by 1.5% during the second quarter. Nisa Investment Advisors LLC now owns 1,526 shares of the aerospace company's stock valued at $746,000 after purchasing an additional 22 shares in the last quarter. State of New Jersey Common Pension Fund D raised its position in Curtiss-Wright by 0.3% during the second quarter. State of New Jersey Common Pension Fund D now owns 11,954 shares of the aerospace company's stock valued at $5,840,000 after purchasing an additional 30 shares in the last quarter. Ascent Group LLC raised its position in Curtiss-Wright by 4.9% during the fourth quarter. Ascent Group LLC now owns 713 shares of the aerospace company's stock valued at $253,000 after purchasing an additional 33 shares in the last quarter. Baird Financial Group Inc. raised its position in Curtiss-Wright by 1.6% during the fourth quarter. Baird Financial Group Inc. now owns 2,122 shares of the aerospace company's stock valued at $753,000 after purchasing an additional 34 shares in the last quarter. Finally, Portside Wealth Group LLC raised its position in Curtiss-Wright by 1.6% during the first quarter. Portside Wealth Group LLC now owns 2,144 shares of the aerospace company's stock valued at $680,000 after purchasing an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 82.71% of the company's stock.

About Curtiss-Wright

(Get Free Report)

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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