Curtiss-Wright (NYSE:CW) Shares Up 1.9% - Time to Buy?

Curtiss-Wright Co. (NYSE:CW - Get Free Report)'s share price shot up 1.9% during trading on Monday . The stock traded as high as $290.90 and last traded at $308.79. 325,522 shares changed hands during mid-day trading, an increase of 25% from the average session volume of 259,896 shares. The stock had previously closed at $302.91.

Analyst Ratings Changes

A number of equities analysts have recently commented on CW shares. Truist Financial raised their price objective on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a "hold" rating in a report on Tuesday, January 14th. Citigroup decreased their price objective on Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating on the stock in a report on Thursday. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $388.86.

Curtiss-Wright Price Performance

The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $11.96 billion, a price-to-earnings ratio of 30.11, a PEG ratio of 2.48 and a beta of 1.03. The company has a 50 day moving average price of $322.18 and a 200 day moving average price of $345.71.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share for the quarter, topping analysts' consensus estimates of $3.12 by $0.15. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. As a group, equities research analysts forecast that Curtiss-Wright Co. will post 12.32 earnings per share for the current year.

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Curtiss-Wright Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Thursday, March 27th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright's payout ratio is 7.96%.

Insider Buying and Selling

In related news, VP George P. Mcdonald sold 148 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total transaction of $48,160.68. Following the completion of the transaction, the vice president now directly owns 1,899 shares in the company, valued at approximately $617,953.59. This trade represents a 7.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Lynn M. Bamford sold 3,131 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total transaction of $1,018,858.71. Following the transaction, the chief executive officer now owns 42,887 shares of the company's stock, valued at $13,955,858.67. The trade was a 6.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,797 shares of company stock valued at $7,436,255. 0.67% of the stock is owned by company insiders.

Institutional Trading of Curtiss-Wright

Several institutional investors and hedge funds have recently added to or reduced their stakes in CW. Morse Asset Management Inc bought a new stake in Curtiss-Wright in the third quarter valued at approximately $69,000. EP Wealth Advisors LLC bought a new stake in Curtiss-Wright in the 3rd quarter valued at $298,000. MML Investors Services LLC lifted its holdings in Curtiss-Wright by 21.8% during the 3rd quarter. MML Investors Services LLC now owns 9,786 shares of the aerospace company's stock valued at $3,217,000 after purchasing an additional 1,754 shares during the last quarter. Geode Capital Management LLC boosted its position in Curtiss-Wright by 3.9% during the third quarter. Geode Capital Management LLC now owns 731,848 shares of the aerospace company's stock worth $240,606,000 after purchasing an additional 27,607 shares during the period. Finally, Coldstream Capital Management Inc. increased its holdings in shares of Curtiss-Wright by 11.6% in the third quarter. Coldstream Capital Management Inc. now owns 1,609 shares of the aerospace company's stock valued at $532,000 after purchasing an additional 167 shares during the last quarter. 82.71% of the stock is owned by institutional investors.

Curtiss-Wright Company Profile

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.