Curtiss-Wright (NYSE:CW) Hits New 12-Month High – Time to Buy?

Curtiss-Wright Corporation (NYSE:CW)’s share price reached a new 52-week high on Wednesday . The company traded as high as $754.57 and last traded at $753.02, with a volume of 154501 shares trading hands. The stock had previously closed at $735.34.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on CW shares. Citigroup boosted their price target on shares of Curtiss-Wright from $718.00 to $728.00 and gave the stock a “neutral” rating in a research report on Thursday, April 2nd. Morgan Stanley reaffirmed an “overweight” rating and issued a $760.00 target price on shares of Curtiss-Wright in a research report on Friday, February 13th. Stifel Nicolaus set a $724.00 price target on Curtiss-Wright in a research report on Friday, May 8th. Robert W. Baird set a $870.00 price target on Curtiss-Wright in a research note on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $748.00 price target on shares of Curtiss-Wright in a research report on Tuesday, February 17th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and an average target price of $738.83.

Curtiss-Wright Trading Up 2.2%

The company has a market cap of $27.76 billion, a P/E ratio of 55.05, a P/E/G ratio of 3.44 and a beta of 0.86. The business’s 50-day moving average price is $705.03 and its 200 day moving average price is $638.66. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 1.52.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Wednesday, May 6th. The aerospace company reported $3.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.32 by $0.16. Curtiss-Wright had a net margin of 14.17% and a return on equity of 20.00%. The business had revenue of $913.69 million during the quarter, compared to the consensus estimate of $863.83 million. During the same period last year, the business posted $2.82 EPS. Curtiss-Wright’s revenue was up 13.4% on a year-over-year basis. Curtiss-Wright has set its FY 2026 guidance at 14.900-15.300 EPS. As a group, analysts expect that Curtiss-Wright Corporation will post 15.13 earnings per share for the current year.

Insider Buying and Selling

In other news, COO Kevin Rayment sold 907 shares of Curtiss-Wright stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $677.38, for a total transaction of $614,383.66. Following the completion of the transaction, the chief operating officer directly owned 31,493 shares in the company, valued at approximately $21,332,728.34. The trade was a 2.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Gary A. Ogilby sold 252 shares of the stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $689.14, for a total value of $173,663.28. Following the completion of the sale, the vice president owned 2,571 shares in the company, valued at approximately $1,771,778.94. This trade represents a 8.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 5,961 shares of company stock valued at $4,039,279. Insiders own 0.51% of the company’s stock.

Institutional Trading of Curtiss-Wright

Hedge funds have recently modified their holdings of the stock. Signature Equity Partners LLC boosted its holdings in shares of Curtiss-Wright by 140.0% during the 1st quarter. Signature Equity Partners LLC now owns 60 shares of the aerospace company’s stock worth $41,000 after buying an additional 35 shares during the period. First Trust Advisors LP raised its holdings in Curtiss-Wright by 19.9% in the 1st quarter. First Trust Advisors LP now owns 206,021 shares of the aerospace company’s stock valued at $140,325,000 after acquiring an additional 34,191 shares during the period. ABN Amro Investment Solutions bought a new position in Curtiss-Wright in the 1st quarter valued at about $1,420,000. PNC Financial Services Group Inc. lifted its position in Curtiss-Wright by 0.7% during the first quarter. PNC Financial Services Group Inc. now owns 8,120 shares of the aerospace company’s stock worth $5,531,000 after acquiring an additional 58 shares during the last quarter. Finally, Wilkerson Advisory Group LLC bought a new stake in shares of Curtiss-Wright during the first quarter worth approximately $157,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

About Curtiss-Wright

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.