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

Curtiss-Wright logo with Aerospace background

Shares of Curtiss-Wright Co. (NYSE:CW - Get Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as $371.04 and last traded at $350.59, with a volume of 49795 shares trading hands. The stock had previously closed at $353.74.

Analyst Ratings Changes

CW has been the topic of several recent analyst reports. StockNews.com lowered shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Monday, September 23rd. Alembic Global Advisors began coverage on Curtiss-Wright in a research note on Tuesday. They issued an "overweight" rating and a $412.00 price objective on the stock. Robert W. Baird raised their price objective on Curtiss-Wright from $300.00 to $312.00 and gave the company an "outperform" rating in a research report on Friday, August 9th. Truist Financial boosted their target price on Curtiss-Wright from $270.00 to $304.00 and gave the stock a "hold" rating in a report on Friday, October 18th. Finally, Stifel Nicolaus raised their price target on Curtiss-Wright from $318.00 to $361.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $343.80.

Check Out Our Latest Report on CW

Curtiss-Wright Stock Down 2.5 %

The company has a market cap of $13.21 billion, a price-to-earnings ratio of 36.40 and a beta of 1.18. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.05 and a quick ratio of 1.42. The firm has a 50-day moving average price of $328.33 and a 200 day moving average price of $293.89.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.43. The firm had revenue of $785.00 million for the quarter, compared to analysts' expectations of $735.82 million. Curtiss-Wright had a return on equity of 17.07% and a net margin of 13.05%. The company's quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the business earned $2.15 EPS. Sell-side analysts predict that Curtiss-Wright Co. will post 10.56 EPS for the current year.

Curtiss-Wright Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were paid a dividend of $0.21 per share. The ex-dividend date was Friday, September 27th. This represents a $0.84 dividend on an annualized basis and a yield of 0.24%. Curtiss-Wright's payout ratio is 8.65%.

Insider Activity

In other Curtiss-Wright 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.67% of the company's stock.

Institutional Investors Weigh In On Curtiss-Wright

Several hedge funds and other institutional investors have recently made changes to their positions in CW. International Assets Investment Management LLC raised its position in Curtiss-Wright by 32,425.8% in the third quarter. International Assets Investment Management LLC now owns 404,946 shares of the aerospace company's stock valued at $133,102,000 after purchasing an additional 403,701 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Curtiss-Wright by 30,079.2% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 302,396 shares of the aerospace company's stock worth $81,943,000 after acquiring an additional 301,394 shares during the last quarter. Congress Asset Management Co. increased its position in Curtiss-Wright by 136.8% in the 3rd quarter. Congress Asset Management Co. now owns 459,074 shares of the aerospace company's stock valued at $150,893,000 after acquiring an additional 265,205 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of Curtiss-Wright during the second quarter valued at $41,383,000. Finally, Global Alpha Capital Management Ltd. raised its stake in shares of Curtiss-Wright by 41.7% during the first 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. 82.71% of the stock is owned by institutional investors.

About Curtiss-Wright

(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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