If you're looking for the next big investment opportunity, look no further than Curtiss-Wright (NYSE:) Corporation. The engineering company's stock has hit an all-time high of $303.92, marking a 47.11% surge over the past year. With a strong financial performance and positive outlook, Curtiss-Wright is capturing the attention of investors worldwide.
In the second quarter of 2024, Curtiss-Wright exceeded expectations with an 11% rise in sales and a 24% increase in diluted earnings per share. The aerospace and defense sectors played a key role in achieving a record backlog of over $3.2 billion, showcasing the company's growth potential.
Baird has upgraded Curtiss-Wright's price target to $312 and maintained an Outperform rating, reflecting confidence in the company's future prospects. With a strategic acquisition of Ultra Energy and ongoing investments in research and development, Curtiss-Wright is well-positioned for long-term success.
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Curtiss-Wright's stock performance highlights its ability to deliver value to shareholders, with a one-year price return of 47.53%. While trading near its peak, the company's solid financial foundation and revenue growth of 10.45% demonstrate its growth potential.
Despite a high Price/Earnings ratio, Curtiss-Wright's consistent dividend payments for 51 years and a dividend growth rate of 5.0% make it an attractive investment option. With a moderate level of debt and a market cap of $11.62 billion, Curtiss-Wright is a company to watch in the engineering sector.
For a more in-depth analysis of Curtiss-Wright's financial health and stock performance, visit InvestingPro. Don't miss out on this opportunity to capitalize on Curtiss-Wright's success in the market.
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