Curtiss-Wright (NYSE:CW) Reaches New 1-Year High – Still a Buy?

Curtiss-Wright Co. (NYSE:CW)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $403.81 and last traded at $392.41, with a volume of 403 shares changing hands. The stock had previously closed at $384.60.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Citigroup lowered their target price on Curtiss-Wright from $450.00 to $424.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Truist Financial lowered their price target on shares of Curtiss-Wright from $357.00 to $338.00 and set a “hold” rating for the company in a report on Thursday, April 17th. Finally, Stifel Nicolaus decreased their target price on shares of Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating for the company in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Curtiss-Wright currently has a consensus rating of “Moderate Buy” and an average price target of $377.43.

Curtiss-Wright Stock Performance

The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39. The company has a 50 day moving average of $326.48 and a 200 day moving average of $345.26. The firm has a market cap of $14.56 billion, a price-to-earnings ratio of 36.65, a PEG ratio of 2.48 and a beta of 1.04.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.39 by $0.43. The business had revenue of $805.65 million during the quarter, compared to analysts’ expectations of $767.32 million. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. Curtiss-Wright’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the company posted $1.99 earnings per share. As a group, equities research analysts expect that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Insider Transactions at Curtiss-Wright

In other Curtiss-Wright news, VP George P. Mcdonald sold 148 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total value of $48,160.68. Following the completion of the transaction, the vice president now directly owns 1,899 shares in the company, valued at $617,953.59. This trade represents a 7.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO K Christopher Farkas sold 4,780 shares of Curtiss-Wright stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $350.00, for a total value of $1,673,000.00. Following the completion of the transaction, the chief financial officer now owns 9,253 shares in the company, valued at approximately $3,238,550. The trade was a 34.06% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,642 shares of company stock worth $3,581,107. 0.55% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Curtiss-Wright

A number of institutional investors and hedge funds have recently bought and sold shares of CW. Vanguard Group Inc. grew its position in shares of Curtiss-Wright by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 3,634,028 shares of the aerospace company’s stock worth $1,289,608,000 after buying an additional 15,890 shares during the last quarter. Invesco Ltd. increased its stake in Curtiss-Wright by 6.4% in the fourth quarter. Invesco Ltd. now owns 1,417,445 shares of the aerospace company’s stock valued at $503,009,000 after purchasing an additional 84,635 shares during the last quarter. TD Asset Management Inc. grew its position in Curtiss-Wright by 16.2% in the 4th quarter. TD Asset Management Inc. now owns 766,413 shares of the aerospace company’s stock valued at $271,977,000 after buying an additional 107,115 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Curtiss-Wright by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 743,934 shares of the aerospace company’s stock worth $264,071,000 after buying an additional 12,086 shares during the last quarter. Finally, Alliancebernstein L.P. raised its holdings in Curtiss-Wright by 1.2% in the 4th quarter. Alliancebernstein L.P. now owns 592,326 shares of the aerospace company’s stock valued at $210,199,000 after acquiring an additional 6,971 shares during the last quarter. 82.71% of the stock is owned by hedge funds and other institutional investors.

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.