Curtiss-Wright (NYSE:CW) Sets New 12-Month High - Here's Why

Key Points

• Curtiss-Wright hit a new 52-week high of $749 (last at $744.22) and has a market cap of $27.33 billion, with its 50‑day and 200‑day moving averages at $702.09 and $632.22, respectively.
• The company reported strong quarterly results, beating estimates with $3.79 EPS vs. $3.66 expected and revenue of $946.98M (up 14.9% year‑over‑year).
• Analysts hold a consensus rating of "Moderate Buy" (4 Buy, 3 Hold) with a consensus target of $677—below the current price—and insiders have sold shares recently (CEO sold 3,225 shares; insiders sold 6,586 shares in the last 90 days).

Shares of Curtiss-Wright Corporation (NYSE:CW - Get Free Report) reached a new 52-week high on Wednesday . The stock traded as high as $749.00 and last traded at $744.22, with a volume of 31779 shares traded. The stock had previously closed at $728.95.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $748.00 price objective on shares of Curtiss-Wright in a research report on Tuesday, February 17th. Wall Street Zen upgraded shares of Curtiss-Wright from a "hold" rating to a "buy" rating in a research report on Saturday, January 10th. Citigroup boosted their price objective on shares of Curtiss-Wright from $718.00 to $728.00 and gave the stock a "neutral" rating in a research report on Thursday, April 2nd. Morgan Stanley reiterated an "overweight" rating and set a $760.00 target price on shares of Curtiss-Wright in a research report on Friday, February 13th. Finally, Stifel Nicolaus upped their target price on shares of Curtiss-Wright from $650.00 to $723.00 and gave the company a "hold" rating in a research report on Tuesday, April 14th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, Curtiss-Wright presently has an average rating of "Moderate Buy" and a consensus target price of $677.00.

Curtiss-Wright Stock Performance

The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.44. The stock's 50-day moving average is $702.09 and its 200 day moving average is $632.22. The firm has a market cap of $27.33 billion, a P/E ratio of 57.54, a PEG ratio of 3.41 and a beta of 0.86.

Curtiss-Wright (NYSE:CW - Get Free Report) last released its quarterly earnings data on Wednesday, February 11th. The aerospace company reported $3.79 EPS for the quarter, beating analysts' consensus estimates of $3.66 by $0.13. Curtiss-Wright had a net margin of 13.84% and a return on equity of 19.28%. The business had revenue of $946.98 million during the quarter, compared to analysts' expectations of $890.14 million. During the same quarter in the prior year, the company earned $3.27 EPS. The firm's quarterly revenue was up 14.9% on a year-over-year basis. On average, research analysts predict that Curtiss-Wright Corporation will post 15.06 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Lynn M. Bamford sold 3,225 shares of the company's stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $676.70, for a total value of $2,182,357.50. Following the completion of the sale, the chief executive officer owned 50,634 shares in the company, valued at $34,264,027.80. This represents a 5.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP George P. Mcdonald sold 151 shares of the company's stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $678.07, for a total transaction of $102,388.57. Following the completion of the sale, the vice president owned 4,210 shares of the company's stock, valued at approximately $2,854,674.70. This represents a 3.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 6,586 shares of company stock worth $4,429,479 over the last 90 days. 0.51% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Curtiss-Wright

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Atlantic Union Bankshares Corp acquired a new position in Curtiss-Wright in the 3rd quarter worth $26,000. Cary Street Partners Investment Advisory LLC acquired a new position in Curtiss-Wright in the 4th quarter worth $31,000. Larson Financial Group LLC boosted its stake in Curtiss-Wright by 53.8% in the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company's stock worth $33,000 after purchasing an additional 21 shares during the period. First Horizon Corp acquired a new position in Curtiss-Wright in the 3rd quarter worth $34,000. Finally, Transamerica Financial Advisors LLC boosted its stake in Curtiss-Wright by 25.9% in the 4th quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company's stock worth $40,000 after purchasing an additional 15 shares during the period. 82.71% of the stock is owned by institutional investors and hedge funds.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation NYSE: CW is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.

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