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

Shares of Curtiss-Wright Corporation (NYSE:CW - Get Free Report) reached a new 52-week high on Monday . The company traded as high as $493.95 and last traded at $491.37, with a volume of 51222 shares traded. The stock had previously closed at $487.97.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CW shares. Citigroup raised their price objective on Curtiss-Wright from $444.00 to $520.00 and gave the company a "buy" rating in a research report on Monday, June 9th. Robert W. Baird raised their price objective on Curtiss-Wright from $432.00 to $500.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Truist Financial dropped their price objective on Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. Stifel Nicolaus dropped their price objective on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Finally, Wall Street Zen downgraded Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 24th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $418.00.

Curtiss-Wright Stock Performance

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 firm has a market cap of $18.27 billion, a price-to-earnings ratio of 43.17, a P/E/G ratio of 3.20 and a beta of 1.15. The firm has a fifty day simple moving average of $435.85 and a two-hundred day simple moving average of $369.96.

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

Curtiss-Wright Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 7th. Stockholders of record on Monday, June 16th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.20%. This is a boost from Curtiss-Wright's previous quarterly dividend of $0.21. The ex-dividend date was Monday, June 16th. Curtiss-Wright's dividend payout ratio (DPR) is presently 8.54%.

Insider Transactions at Curtiss-Wright

In related news, Director Bruce D. Hoechner sold 1,900 shares of Curtiss-Wright stock in a transaction that occurred 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 transaction, the director directly owned 4,523 shares in the company, valued at approximately $2,026,304. This trade represents a 29.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO K Christopher Farkas sold 4,780 shares of Curtiss-Wright stock in a transaction that occurred on Thursday, May 1st. The stock was 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 directly owned 9,253 shares in the company, valued at $3,238,550. This represents a 34.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,130 shares of company stock worth $2,726,412 over the last three months. 0.55% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Curtiss-Wright

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CW. Smartleaf Asset Management LLC boosted its stake in Curtiss-Wright by 85.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 228 shares of the aerospace company's stock worth $82,000 after buying an additional 105 shares during the last quarter. Jones Financial Companies Lllp purchased a new stake in Curtiss-Wright in the fourth quarter valued at $135,000. Steward Partners Investment Advisory LLC raised its position in Curtiss-Wright by 4.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,156 shares of the aerospace company's stock valued at $410,000 after purchasing an additional 46 shares during the period. Victory Capital Management Inc. raised its position in Curtiss-Wright by 34.8% in the fourth quarter. Victory Capital Management Inc. now owns 50,241 shares of the aerospace company's stock valued at $17,829,000 after purchasing an additional 12,977 shares during the period. Finally, Assetmark Inc. raised its holdings in shares of Curtiss-Wright by 16.3% in the 4th quarter. Assetmark Inc. now owns 6,779 shares of the aerospace company's stock valued at $2,406,000 after buying an additional 950 shares during the period. Institutional investors and hedge funds own 82.71% of the company's stock.

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.