Curtiss-Wright (NYSE:CW) Hits New 52-Week High Following Analyst Upgrade

Curtiss-Wright Co. (NYSE:CW - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday after Morgan Stanley raised their price target on the stock from $334.00 to $395.00. Morgan Stanley currently has an overweight rating on the stock. Curtiss-Wright traded as high as $380.59 and last traded at $378.34, with a volume of 7795 shares changing hands. The stock had previously closed at $360.37.

A number of other analysts have also weighed in on CW. Stifel Nicolaus increased their price objective on shares of Curtiss-Wright from $318.00 to $361.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. Robert W. Baird raised their price target on Curtiss-Wright from $300.00 to $312.00 and gave the stock an "outperform" rating in a research note on Friday, August 9th. Alembic Global Advisors began coverage on Curtiss-Wright in a research report on Tuesday, October 29th. They issued an "overweight" rating and a $412.00 price objective on the stock. StockNews.com downgraded Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Monday, September 23rd. Finally, Truist Financial lifted their price objective on shares of Curtiss-Wright from $304.00 to $333.00 and gave the company a "hold" rating in a report on Friday, November 1st. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Curtiss-Wright has a consensus rating of "Moderate Buy" and an average price target of $362.60.

Insider Activity at Curtiss-Wright

In other news, Director Glenda J. Minor sold 500 shares of the company's 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 sale, the director now owns 1,382 shares of the company's stock, valued at approximately $418,469.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Glenda J. Minor sold 500 shares of the company's stock in a transaction 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 sale, the director now directly owns 1,382 shares in the company, valued at $418,469.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP John C. Watts sold 412 shares of the firm's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $359.55, for a total value of $148,134.60. Following the sale, the vice president now directly owns 4,183 shares in the company, valued at approximately $1,503,997.65. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Curtiss-Wright

A number of large investors have recently made changes to their positions in CW. SG Americas Securities LLC grew its position in Curtiss-Wright by 1,414.4% during the 1st quarter. SG Americas Securities LLC now owns 16,038 shares of the aerospace company's stock worth $4,105,000 after purchasing an additional 14,979 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in Curtiss-Wright in the 2nd quarter worth $41,383,000. Susquehanna Fundamental Investments LLC acquired a new stake in Curtiss-Wright during the 1st quarter worth about $5,007,000. Cetera Advisors LLC grew its stake in Curtiss-Wright by 178.7% during the 1st quarter. Cetera Advisors LLC now owns 3,974 shares of the aerospace company's stock valued at $1,017,000 after purchasing an additional 2,548 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in Curtiss-Wright by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 3,657,854 shares of the aerospace company's stock valued at $936,191,000 after purchasing an additional 18,939 shares during the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Curtiss-Wright Stock Up 4.7 %

The company has a debt-to-equity ratio of 0.39, a current ratio of 1.98 and a quick ratio of 1.39. The firm has a market capitalization of $14.32 billion, a price-to-earnings ratio of 35.71 and a beta of 1.17. The business has a fifty day moving average price of $331.53 and a two-hundred day moving average price of $297.08.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.24 by $0.43. The company had revenue of $785.00 million during the quarter, compared to analyst estimates of $735.82 million. Curtiss-Wright had a net margin of 13.20% and a return on equity of 17.21%. Curtiss-Wright's revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period last year, the firm posted $2.15 EPS. On average, equities analysts expect that Curtiss-Wright Co. will post 10.66 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The firm 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 of this dividend was Friday, September 27th. This represents a $0.84 dividend on an annualized basis and a yield of 0.22%. Curtiss-Wright's dividend payout ratio is presently 7.95%.

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.