Curtiss-Wright (NYSE:CW) Sets New 52-Week High - Still a Buy?

Key Points

• Curtiss-Wright's stock reached a new 52-week high of $524.33, closing at $521.39 with strong trading volume, highlighting significant market interest.
• The company's recent earnings report exceeded estimates, with $3.23 EPS against a consensus of $3.13, and revenue rose by 11.7% year-over-year to $876.58 million.
• Brokerages largely maintain a buy or hold rating on Curtiss-Wright, with a consensus target price of $468.14 and several analysts raising price objectives for the stock.

Curtiss-Wright Corporation (NYSE:CW - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $524.33 and last traded at $521.39, with a volume of 84871 shares changing hands. The stock had previously closed at $508.99.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CW. Stifel Nicolaus upped their price objective on shares of Curtiss-Wright from $450.00 to $457.00 and gave the company a "hold" rating in a research note on Friday, August 8th. Truist Financial cut their price target on shares of Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating on the stock in a research note on Friday, July 11th. Robert W. Baird upped their price objective on Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Citigroup upped their price objective on Curtiss-Wright from $525.00 to $568.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Finally, Morgan Stanley upped their price objective on Curtiss-Wright from $405.00 to $550.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $468.14.

Curtiss-Wright Stock Performance

The stock has a market capitalization of $19.56 billion, a P/E ratio of 43.80, a P/E/G ratio of 3.12 and a beta of 1.15. The company's 50-day moving average is $486.75 and its two-hundred day moving average is $417.27. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.35.

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

Curtiss-Wright Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be paid a $0.24 dividend. The ex-dividend date is Friday, September 26th. This represents a $0.96 dividend on an annualized basis and a yield of 0.2%. Curtiss-Wright's payout ratio is 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 that occurred 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 completion of the sale, the vice president directly owned 3,863 shares in the company, valued at $1,856,171.50. The trade was a 22.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.55% of the stock is owned by company insiders.

Hedge Funds Weigh In On Curtiss-Wright

Several large investors have recently bought and sold shares of CW. Twin Peaks Wealth Advisors LLC acquired a new position in Curtiss-Wright during the 2nd quarter valued at $27,000. Penserra Capital Management LLC acquired a new position in Curtiss-Wright during the 2nd quarter valued at $29,000. Whipplewood Advisors LLC raised its stake in Curtiss-Wright by 1,566.7% during the 1st quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company's stock valued at $32,000 after purchasing an additional 94 shares during the last quarter. 1 North Wealth Services LLC acquired a new position in Curtiss-Wright during the 1st quarter valued at $32,000. Finally, Private Trust Co. NA raised its stake in Curtiss-Wright by 13,800.0% during the 1st quarter. Private Trust Co. NA now owns 139 shares of the aerospace company's stock valued at $44,000 after purchasing an additional 138 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.

About Curtiss-Wright

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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