Curtiss-Wright (NYSE:CW) Hits New 1-Year High Following Analyst Upgrade

Curtiss-Wright Co. (NYSE:CW) shares hit a new 52-week high during mid-day trading on Monday after Truist Financial raised their price target on the stock from $270.00 to $304.00. Truist Financial currently has a hold rating on the stock. Curtiss-Wright traded as high as $367.55 and last traded at $364.42, with a volume of 10587 shares changing hands. The stock had previously closed at $364.34.

Several other equities analysts have also issued reports on the company. StockNews.com lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd. Robert W. Baird lifted their price target on Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Finally, Stifel Nicolaus lifted their price target on Curtiss-Wright from $318.00 to $361.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $326.75.

Insider Buying and Selling

In related news, Director Glenda J. Minor sold 500 shares of the business’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 sale, the director now owns 1,382 shares in the company, valued at $418,469.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.67% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Curtiss-Wright

Institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC boosted its stake in shares of Curtiss-Wright by 32,425.8% in the 3rd 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. Greenleaf Trust acquired a new position in Curtiss-Wright in the third quarter valued at $221,000. Signaturefd LLC lifted its holdings in Curtiss-Wright by 7.8% in the third quarter. Signaturefd LLC now owns 401 shares of the aerospace company’s stock valued at $132,000 after buying an additional 29 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in Curtiss-Wright by 26.2% in the third quarter. Sequoia Financial Advisors LLC now owns 8,166 shares of the aerospace company’s stock valued at $2,684,000 after buying an additional 1,697 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in Curtiss-Wright by 3.2% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 24,675 shares of the aerospace company’s stock valued at $8,110,000 after buying an additional 759 shares during the period. Institutional investors own 82.71% of the company’s stock.

Curtiss-Wright Trading Down 3.4 %

The firm has a market cap of $13.48 billion, a price-to-earnings ratio of 36.26 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’s fifty day moving average is $321.38 and its 200-day moving average is $289.47.

Curtiss-Wright (NYSE:CW) 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 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 revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.15 EPS. Equities analysts anticipate that Curtiss-Wright Co. will post 10.56 earnings per share for the current year.

Curtiss-Wright Announces Dividend

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

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.