Curtiss-Wright (NYSE:CW) Reaches New 52-Week High – Here’s What Happened

Curtiss-Wright Co. (NYSE:CW) reached a new 52-week high during trading on Wednesday . The company 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.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CW shares. StockNews.com lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd. Stifel Nicolaus lifted 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. Finally, Robert W. Baird upped their target price on shares of Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a research note 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’s stock. Based on data from MarketBeat, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and an average price target of $307.50.

Curtiss-Wright Trading Up 1.9 %

The stock has a market cap of $13.20 billion, a price-to-earnings ratio of 35.39 and a beta of 1.18. The business’s 50 day simple moving average is $308.58 and its 200 day simple moving average is $283.22. The company has a quick ratio of 1.42, a current ratio of 2.05 and a debt-to-equity ratio of 0.39.

Curtiss-Wright (NYSE:CW) last released 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 during the quarter, compared to analysts’ expectations of $735.82 million. During the same period last year, the firm posted $2.15 earnings per share. The business’s revenue was up 11.4% on a year-over-year basis. On average, research analysts expect that Curtiss-Wright Co. will post 10.55 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

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

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, Director Glenda J. Minor sold 500 shares of the business’s stock in a transaction dated 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 sale, the director now owns 1,382 shares of the company’s stock, valued at $418,469.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.67% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Curtiss-Wright

Several hedge funds and other institutional investors have recently made changes to their positions in CW. Versant Capital Management Inc lifted its position in shares of Curtiss-Wright by 5,050.0% during the 2nd quarter. Versant Capital Management Inc now owns 103 shares of the aerospace company’s stock worth $28,000 after buying an additional 101 shares during the last quarter. GPS Wealth Strategies Group LLC bought a new position in shares of Curtiss-Wright in the second quarter worth about $30,000. EverSource Wealth Advisors LLC boosted its stake in shares of Curtiss-Wright by 1,933.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 122 shares of the aerospace company’s stock valued at $31,000 after purchasing an additional 116 shares in the last quarter. Creekmur Asset Management LLC bought a new stake in shares of Curtiss-Wright during the 4th quarter valued at approximately $32,000. Finally, UMB Bank n.a. increased its position in Curtiss-Wright by 303.8% during the 3rd quarter. UMB Bank n.a. now owns 105 shares of the aerospace company’s stock worth $35,000 after purchasing an additional 79 shares in 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.