Curtiss-Wright (NYSE:CW) Reaches New 12-Month High - What's Next?

Curtiss-Wright Co. (NYSE:CW - Get Free Report)'s stock price reached a new 52-week high during trading on Friday . The company traded as high as $455.22 and last traded at $453.36, with a volume of 275289 shares traded. The stock had previously closed at $448.96.

Wall Street Analyst Weigh In

CW has been the subject of several research analyst reports. Stifel Nicolaus cut their price target on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating for the company in a report on Monday, April 14th. Truist Financial lowered their price objective on shares of 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 boosted their target price on shares of Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Wall Street Zen downgraded shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 24th. Finally, Citigroup decreased their price objective on Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Curtiss-Wright currently has a consensus rating of "Moderate Buy" and a consensus price target of $404.29.

Curtiss-Wright Stock Performance

The firm has a market capitalization of $17.07 billion, a P/E ratio of 42.97, a P/E/G ratio of 2.48 and a beta of 1.04. The firm has a 50-day moving average price of $365.88 and a two-hundred day moving average price of $353.66. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its earnings results on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share for the quarter, topping 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 17.11% and a net margin of 12.98%. The business's revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.99 EPS. On average, analysts forecast that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Increases Dividend

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

Insider Transactions at Curtiss-Wright

In related news, CEO Lynn M. Bamford sold 3,131 shares of the company's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total transaction of $1,018,858.71. Following the transaction, the chief executive officer now directly owns 42,887 shares of the company's stock, valued at $13,955,858.67. This represents a 6.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Paul J. Ferdenzi sold 658 shares of the business's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.68, for a total value of $214,297.44. Following the sale, the insider now owns 19,239 shares in the company, valued at $6,265,757.52. The trade was a 3.31% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,992 shares of company stock valued at $4,634,519 in the last 90 days. Insiders own 0.55% of the company's stock.

Institutional Investors Weigh In On Curtiss-Wright

Large investors have recently made changes to their positions in the stock. Inspire Investing LLC lifted its stake in Curtiss-Wright by 1.7% during the 1st quarter. Inspire Investing LLC now owns 10,258 shares of the aerospace company's stock valued at $3,255,000 after acquiring an additional 174 shares during the period. Strs Ohio acquired a new stake in Curtiss-Wright during the first quarter worth about $3,651,000. Acadian Asset Management LLC lifted its holdings in Curtiss-Wright by 336.1% in the first quarter. Acadian Asset Management LLC now owns 5,046 shares of the aerospace company's stock valued at $1,599,000 after acquiring an additional 3,889 shares during the period. Intech Investment Management LLC grew its stake in shares of Curtiss-Wright by 104.1% during the 1st 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 period. Finally, Flaharty Asset Management LLC acquired a new position in Curtiss-Wright in the 1st quarter worth about $69,000. 82.71% of the stock is 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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