Curtiss-Wright (NYSE:CW) Hits New 1-Year High at $334.93

Curtiss-Wright Co. (NYSE:CW)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $334.93 and last traded at $334.61, with a volume of 74924 shares traded. The stock had previously closed at $328.69.

Analyst Ratings Changes

CW has been the topic of a number of analyst reports. StockNews.com cut shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd. Robert W. Baird upped their price target on shares of Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Finally, Stifel Nicolaus upped their price target 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 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.com, the company presently has an average rating of “Moderate Buy” and an average target price of $307.50.

Curtiss-Wright Trading Up 2.5 %

The stock has a 50-day simple moving average of $301.86 and a two-hundred day simple moving average of $279.33. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.42 and a current ratio of 2.05. The firm has a market cap of $12.90 billion, a PE ratio of 34.53 and a beta of 1.18.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share for the quarter, topping 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 business had revenue of $785.00 million during the quarter, compared to analyst estimates of $735.82 million. During the same quarter in the previous year, the firm earned $2.15 EPS. Curtiss-Wright’s revenue was up 11.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Curtiss-Wright Co. will post 10.55 EPS for the current year.

Curtiss-Wright Announces Dividend

The firm also recently declared 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 0.25%. The ex-dividend date of this dividend is Friday, September 27th. Curtiss-Wright’s payout ratio is currently 8.65%.

Insider Activity

In related news, Director Glenda J. Minor sold 500 shares of the business’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 transaction, the director now directly owns 1,382 shares in the company, valued at approximately $418,469.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders acquired 120 shares of company stock valued at $27,914 in the last quarter. 0.67% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CW. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Curtiss-Wright by 30,079.2% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 302,396 shares of the aerospace company’s stock worth $81,943,000 after purchasing an additional 301,394 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of Curtiss-Wright during the 2nd quarter valued at approximately $41,383,000. Public Employees Retirement Association of Colorado boosted its position in shares of Curtiss-Wright by 1,901.3% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 150,377 shares of the aerospace company’s stock valued at $33,502,000 after acquiring an additional 142,863 shares during the last quarter. Global Alpha Capital Management Ltd. boosted its position in shares of Curtiss-Wright by 41.7% during the 1st quarter. Global Alpha Capital Management Ltd. now owns 352,813 shares of the aerospace company’s stock valued at $90,299,000 after acquiring an additional 103,780 shares during the last quarter. Finally, Van ECK Associates Corp boosted its position in shares of Curtiss-Wright by 79.2% during the 2nd quarter. Van ECK Associates Corp now owns 196,760 shares of the aerospace company’s stock valued at $53,318,000 after acquiring an additional 86,955 shares during the last quarter. 82.71% of the stock is currently owned by 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.