Curtiss-Wright (NYSE:CW) Hits New 12-Month Low – Should You Sell?

Curtiss-Wright Corporation (NYSE:CW) shares reached a new 52-week low on Wednesday. The stock traded as low as $451.95 and last traded at $462.8510, with a volume of 172,951 shares. The stock had previously closed at $497.76.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CW shares. Guggenheim started coverage on shares of Curtiss-Wright in a research note on Monday, September 14th. They set a “buy” rating and a $786.00 price objective on the stock. Deutsche Bank Aktiengesellschaft set a $801.00 target price on shares of Curtiss-Wright in a research report on Wednesday, August 12th. Weiss Ratings downgraded shares of Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 4th. Wall Street Zen cut Curtiss-Wright from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Finally, Piper Sandler decreased their price target on shares of Curtiss-Wright from $665.00 to $586.00 and set a “neutral” rating on the stock in a report on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Curtiss-Wright currently has an average rating of “Moderate Buy” and a consensus target price of $676.38.

Curtiss-Wright Stock Down 8.6%

The company has a market capitalization of $16.81 billion, a P/E ratio of 31.36, a P/E/G ratio of 2.02 and a beta of 0.94. The stock has a 50-day moving average price of $535.03 and a 200-day moving average price of $666.64. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.60 and a quick ratio of 1.12.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Thursday, August 6th. The aerospace company reported $3.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.62 by $0.10. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. The firm had revenue of $924.01 million for the quarter, compared to the consensus estimate of $926.17 million. During the same quarter in the previous year, the company earned $3.23 EPS. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, research analysts predict that Curtiss-Wright Corporation will post 15.33 EPS for the current fiscal year.

Curtiss-Wright Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Friday, September 25th were paid a dividend of $0.26 per share. This is a boost from Curtiss-Wright’s previous quarterly dividend of $0.24. This represents a $1.04 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Friday, September 25th. Curtiss-Wright’s payout ratio is 7.16%.

Insiders Place Their Bets

In other news, Director Larry D. Wyche sold 100 shares of the business’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $596.74, for a total value of $59,674.00. Following the transaction, the director directly owned 1,414 shares of the company’s stock, valued at $843,790.36. The trade was a 6.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John C. Watts sold 1,035 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $619.46, for a total value of $641,141.10. Following the sale, the executive vice president owned 2,736 shares in the company, valued at approximately $1,694,842.56. The trade was a 27.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.51% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Running Oak Capital LLC increased its stake in Curtiss-Wright by 2.4% in the third quarter. Running Oak Capital LLC now owns 16,139 shares of the aerospace company’s stock valued at $8,779,000 after purchasing an additional 384 shares in the last quarter. Hager Investment Management Services LLC boosted its position in shares of Curtiss-Wright by 77.0% during the 3rd quarter. Hager Investment Management Services LLC now owns 1,152 shares of the aerospace company’s stock worth $626,000 after purchasing an additional 501 shares in the last quarter. Ethic Inc. grew its stake in shares of Curtiss-Wright by 1.3% in the 3rd quarter. Ethic Inc. now owns 8,136 shares of the aerospace company’s stock valued at $4,424,000 after buying an additional 101 shares during the period. Pictet Asset Management Holding SA grew its stake in shares of Curtiss-Wright by 240.1% in the 3rd quarter. Pictet Asset Management Holding SA now owns 53,048 shares of the aerospace company’s stock valued at $28,678,000 after buying an additional 37,451 shares during the period. Finally, Verus Capital Partners LLC grew its stake in shares of Curtiss-Wright by 2.1% in the 3rd quarter. Verus Capital Partners LLC now owns 995 shares of the aerospace company’s stock valued at $541,000 after buying an additional 20 shares during the period. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation (NYSE: CW) is a diversified industrial company that provides highly engineered products and services to the aerospace, defense, commercial nuclear power, and general industrial markets. The company designs and manufactures equipment used in applications that require reliable performance in demanding operating environments.

Its products and technologies include motion-control systems, valves, pumps, actuation equipment, sensors, data-acquisition systems, embedded computing products, and aircraft structural components.