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

Curtiss-Wright Co. (NYSE:CW)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $350.57 and last traded at $349.27, with a volume of 38528 shares. The stock had previously closed at $347.75.

Analyst Upgrades and Downgrades

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

Curtiss-Wright Price Performance

The firm has a market cap of $13.32 billion, a P/E ratio of 35.82 and a beta of 1.18. The company has a current ratio of 2.05, a quick ratio of 1.42 and a debt-to-equity ratio of 0.39. The firm has a 50-day simple moving average of $313.65 and a 200-day simple moving average of $285.82.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.43. The company had revenue of $785.00 million for the quarter, compared to analyst estimates of $735.82 million. Curtiss-Wright had a return on equity of 17.07% and a net margin of 13.05%. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.15 earnings per share. As a group, analysts forecast that Curtiss-Wright Co. will post 10.56 EPS for the current year.

Curtiss-Wright Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were given a dividend of $0.21 per share. The ex-dividend date was Friday, September 27th. This represents a $0.84 dividend on an annualized basis and a yield of 0.24%. Curtiss-Wright’s payout ratio is 8.65%.

Insider Buying and Selling at Curtiss-Wright

In related news, Director Glenda J. Minor sold 500 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $302.80, for a total value of $151,400.00. Following the completion of the transaction, the director now directly owns 1,382 shares of the company’s stock, valued at $418,469.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.67% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Sequoia Financial Advisors LLC boosted its position in Curtiss-Wright by 1.7% in the first quarter. Sequoia Financial Advisors LLC now owns 2,685 shares of the aerospace company’s stock valued at $687,000 after buying an additional 45 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of Curtiss-Wright by 4.5% in the second quarter. CIBC Asset Management Inc now owns 1,066 shares of the aerospace company’s stock worth $289,000 after acquiring an additional 46 shares during the period. Dorsey Wright & Associates raised its holdings in shares of Curtiss-Wright by 0.4% during the second quarter. Dorsey Wright & Associates now owns 13,002 shares of the aerospace company’s stock worth $3,523,000 after purchasing an additional 47 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of Curtiss-Wright by 2.5% during 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 last quarter. Finally, Private Advisor Group LLC lifted its holdings in Curtiss-Wright by 3.5% in the second quarter. Private Advisor Group LLC now owns 2,185 shares of the aerospace company’s stock valued at $592,000 after acquiring an additional 73 shares during the period. 82.71% of the stock is 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.