Curtiss-Wright (NYSE:CW) Reaches New 12-Month High at $286.23

Shares of Curtiss-Wright Co. (NYSE:CWGet Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $286.23 and last traded at $285.63, with a volume of 15129 shares trading hands. The stock had previously closed at $282.82.

Analyst Ratings Changes

Several research firms have weighed in on CW. StockNews.com raised Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 5th. Truist Financial lifted their price objective on Curtiss-Wright from $252.00 to $270.00 and gave the stock a “hold” rating in a research report on Wednesday, May 22nd. Robert W. Baird upped their target price on shares of Curtiss-Wright from $246.00 to $300.00 and gave the company an “outperform” rating in a report on Monday, April 8th. Morgan Stanley lifted their price target on shares of Curtiss-Wright from $284.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, May 23rd. Finally, Stifel Nicolaus upped their price objective on shares of Curtiss-Wright from $293.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, May 22nd. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $302.50.

Check Out Our Latest Analysis on Curtiss-Wright

Curtiss-Wright Price Performance

The company has a 50-day moving average of $264.98 and a two-hundred day moving average of $240.26. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.02 and a quick ratio of 1.38. The stock has a market capitalization of $10.61 billion, a PE ratio of 28.54 and a beta of 1.22.

Curtiss-Wright (NYSE:CWGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The aerospace company reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.24. Curtiss-Wright had a net margin of 12.78% and a return on equity of 16.79%. The business had revenue of $713.17 million for the quarter, compared to analyst estimates of $664.01 million. During the same period in the prior year, the firm posted $1.53 EPS. The company’s revenue was up 13.0% on a year-over-year basis. Sell-side analysts predict that Curtiss-Wright Co. will post 10.27 EPS for the current fiscal year.

Curtiss-Wright Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Monday, June 17th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.30%. This is an increase from Curtiss-Wright’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, June 17th. Curtiss-Wright’s dividend payout ratio is presently 8.24%.

Insider Buying and Selling

In other Curtiss-Wright news, VP Paul J. Ferdenzi sold 2,500 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $240.00, for a total transaction of $600,000.00. Following the completion of the sale, the vice president now owns 17,383 shares of the company’s stock, valued at $4,171,920. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Curtiss-Wright news, VP Paul J. Ferdenzi sold 2,500 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $240.00, for a total transaction of $600,000.00. Following the transaction, the vice president now directly owns 17,383 shares of the company’s stock, valued at $4,171,920. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO K Christopher Farkas sold 925 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $243.55, for a total transaction of $225,283.75. Following the sale, the chief financial officer now owns 10,052 shares of the company’s stock, valued at $2,448,164.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,751 shares of company stock valued at $4,520,024. 0.55% of the stock is currently owned by company insiders.

Institutional Trading of Curtiss-Wright

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Curtiss-Wright by 0.5% in the first quarter. Vanguard Group Inc. now owns 3,657,854 shares of the aerospace company’s stock valued at $936,191,000 after acquiring an additional 18,939 shares in the last quarter. Boston Partners grew its holdings in Curtiss-Wright by 3.0% during the 1st quarter. Boston Partners now owns 1,393,662 shares of the aerospace company’s stock valued at $356,684,000 after purchasing an additional 40,657 shares in the last quarter. Invesco Ltd. increased its stake in Curtiss-Wright by 0.7% during the 3rd quarter. Invesco Ltd. now owns 1,307,585 shares of the aerospace company’s stock worth $255,803,000 after buying an additional 8,470 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Curtiss-Wright by 0.4% during the third quarter. Ameriprise Financial Inc. now owns 712,704 shares of the aerospace company’s stock valued at $139,427,000 after acquiring an additional 2,784 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Curtiss-Wright during the fourth quarter worth about $113,885,000. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Curtiss-Wright Company Profile

(Get Free Report)

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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