Curtiss-Wright (NYSE:CW) Sets New 12-Month High – What’s Next?

Shares of Curtiss-Wright Co. (NYSE:CW) hit a new 52-week high on Thursday . The company traded as high as $371.04 and last traded at $350.59, with a volume of 49795 shares trading hands. The stock had previously closed at $353.74.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CW shares. Truist Financial increased their target price on shares of Curtiss-Wright from $304.00 to $333.00 and gave the stock a “hold” rating in a report on Friday. Robert W. Baird lifted their target price on Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Stifel Nicolaus upped their price target on Curtiss-Wright from $318.00 to $361.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Alembic Global Advisors initiated coverage on shares of Curtiss-Wright in a research report on Tuesday. They set an “overweight” rating and a $412.00 price objective for the company. Finally, StockNews.com downgraded shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $349.60.

Curtiss-Wright Stock Up 1.2 %

The stock has a market cap of $13.37 billion, a PE ratio of 33.01 and a beta of 1.18. The business has a 50 day moving average of $329.92 and a 200-day moving average of $294.96. The company has a current ratio of 2.05, a quick ratio of 1.42 and a debt-to-equity ratio of 0.39.

Curtiss-Wright (NYSE:CW) last announced its earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.24 by $0.43. The business had revenue of $785.00 million for the quarter, compared to analyst estimates of $735.82 million. Curtiss-Wright had a net margin of 13.20% and a return on equity of 17.39%. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period last year, the firm posted $2.15 earnings per share. Equities research analysts predict that Curtiss-Wright Co. will post 10.58 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were issued a $0.21 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.24%. Curtiss-Wright’s payout ratio is 7.95%.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, Director Glenda J. Minor sold 500 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $302.80, for a total transaction of $151,400.00. Following the completion of the sale, the director now directly owns 1,382 shares of the company’s stock, valued at $418,469.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On Curtiss-Wright

Hedge funds and other institutional investors have recently bought and sold shares of the company. Signaturefd LLC boosted its holdings in shares of Curtiss-Wright by 7.8% in the third quarter. Signaturefd LLC now owns 401 shares of the aerospace company’s stock valued at $132,000 after acquiring an additional 29 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Curtiss-Wright by 1.7% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,685 shares of the aerospace company’s stock valued at $687,000 after purchasing an additional 45 shares in the last quarter. CIBC Asset Management Inc increased its position in Curtiss-Wright by 4.5% during the 2nd quarter. CIBC Asset Management Inc now owns 1,066 shares of the aerospace company’s stock worth $289,000 after purchasing an additional 46 shares during the period. Dorsey Wright & Associates raised its stake in shares of Curtiss-Wright by 0.4% during the 2nd quarter. Dorsey Wright & Associates now owns 13,002 shares of the aerospace company’s stock worth $3,523,000 after buying an additional 47 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Curtiss-Wright by 2.5% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,176 shares of the aerospace company’s stock valued at $557,000 after buying an additional 53 shares during the period. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

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.