Curtiss-Wright (NYSE:CW) Reaches New 12-Month High – Should You Buy?

Curtiss-Wright Co. (NYSE:CW)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $342.36 and last traded at $342.36, with a volume of 39132 shares changing hands. The stock had previously closed at $338.12.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CW. Stifel Nicolaus raised their price target on shares of Curtiss-Wright from $310.00 to $318.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. StockNews.com lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd. Finally, Robert W. Baird upped their price target on Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Curtiss-Wright has a consensus rating of “Moderate Buy” and a consensus price target of $307.50.

Curtiss-Wright Trading Up 1.9 %

The company has a debt-to-equity ratio of 0.39, a current ratio of 2.05 and a quick ratio of 1.42. The firm has a market cap of $13.20 billion, a price-to-earnings ratio of 35.39 and a beta of 1.18. The firm’s fifty day moving average is $308.58 and its 200-day moving average is $283.22.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.43. Curtiss-Wright had a return on equity of 17.07% and a net margin of 13.05%. The company had revenue of $785.00 million for the quarter, compared to the consensus estimate of $735.82 million. During the same period in the previous year, the business earned $2.15 EPS. The firm’s revenue was up 11.4% compared to the same quarter last year. Equities analysts anticipate that Curtiss-Wright Co. will post 10.55 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.24%. The ex-dividend date is Friday, September 27th. Curtiss-Wright’s dividend payout ratio (DPR) is 8.65%.

Insider Activity at Curtiss-Wright

In other news, Director Glenda J. Minor sold 500 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $302.80, for a total transaction of $151,400.00. Following the transaction, the director now 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 document filed with the Securities & Exchange Commission, which is available through this link. 0.67% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Curtiss-Wright

A number of large investors have recently modified their holdings of CW. KBC Group NV acquired a new stake in shares of Curtiss-Wright in the 4th quarter worth about $158,000. Seven Eight Capital LP boosted its position in shares of Curtiss-Wright by 202.9% during the fourth quarter. Seven Eight Capital LP now owns 3,277 shares of the aerospace company’s stock valued at $730,000 after buying an additional 2,195 shares during the last quarter. Quadrature Capital Ltd grew its holdings in Curtiss-Wright by 3.9% during the fourth quarter. Quadrature Capital Ltd now owns 4,407 shares of the aerospace company’s stock worth $982,000 after buying an additional 167 shares in the last quarter. RMB Capital Management LLC raised its position in Curtiss-Wright by 0.8% in the 4th quarter. RMB Capital Management LLC now owns 102,742 shares of the aerospace company’s stock valued at $22,890,000 after buying an additional 848 shares during the last quarter. Finally, Trail Ridge Investment Advisors LLC lifted its stake in Curtiss-Wright by 11.6% during the 4th quarter. Trail Ridge Investment Advisors LLC now owns 1,231 shares of the aerospace company’s stock valued at $274,000 after acquiring an additional 128 shares in the last quarter. 82.71% of the stock is currently owned by 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.