Wedge Capital Management L L P NC Makes New $55.64 Million Investment in Curtiss-Wright Co. (NYSE:CW)

Wedge Capital Management L L P NC bought a new position in Curtiss-Wright Co. (NYSE:CW - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 175,368 shares of the aerospace company's stock, valued at approximately $55,639,000. Curtiss-Wright accounts for about 1.1% of Wedge Capital Management L L P NC's investment portfolio, making the stock its 14th largest holding. Wedge Capital Management L L P NC owned approximately 0.47% of Curtiss-Wright as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Truist Financial Corp boosted its holdings in Curtiss-Wright by 6.2% during the fourth quarter. Truist Financial Corp now owns 14,230 shares of the aerospace company's stock worth $5,050,000 after buying an additional 825 shares in the last quarter. Athena Investment Management acquired a new stake in shares of Curtiss-Wright during the 4th quarter valued at $302,000. Daiwa Securities Group Inc. boosted its stake in shares of Curtiss-Wright by 1,694.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 11,863 shares of the aerospace company's stock worth $4,210,000 after acquiring an additional 11,202 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Curtiss-Wright by 28.9% in the 4th quarter. JPMorgan Chase & Co. now owns 153,631 shares of the aerospace company's stock worth $54,519,000 after acquiring an additional 34,489 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Curtiss-Wright by 44,878.7% during the first quarter. GAMMA Investing LLC now owns 259,527 shares of the aerospace company's stock worth $82,340,000 after purchasing an additional 258,950 shares during the period. 82.71% of the stock is owned by institutional investors.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, CFO K Christopher Farkas sold 4,780 shares of Curtiss-Wright stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 9,253 shares in the company, valued at $3,238,550. The trade was a 34.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bruce D. Hoechner sold 1,900 shares of the firm's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $448.00, for a total transaction of $851,200.00. Following the transaction, the director now owns 4,523 shares in the company, valued at $2,026,304. This represents a 29.58% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,992 shares of company stock valued at $4,634,519. Insiders own 0.55% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Citigroup decreased their price target on Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Truist Financial decreased their target price 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. Stifel Nicolaus dropped their target price on shares of Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Robert W. Baird upped their price target on shares of Curtiss-Wright from $432.00 to $500.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Finally, Wall Street Zen lowered shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 24th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Curtiss-Wright presently has an average rating of "Moderate Buy" and a consensus target price of $404.29.

Curtiss-Wright Stock Up 1.0%

Shares of NYSE CW traded up $4.40 during mid-day trading on Friday, reaching $453.36. The company had a trading volume of 275,290 shares, compared to its average volume of 278,152. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69. The company has a market capitalization of $17.07 billion, a price-to-earnings ratio of 42.97, a PEG ratio of 2.48 and a beta of 1.14. The stock has a fifty day moving average of $368.49 and a two-hundred day moving average of $354.24. Curtiss-Wright Co. has a 12-month low of $258.85 and a 12-month high of $455.22.

Curtiss-Wright (NYSE:CW - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.39 by $0.43. The firm had revenue of $805.65 million for the quarter, compared to analyst estimates of $767.32 million. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. The company's revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.99 EPS. As a group, equities research analysts expect that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Monday, June 16th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.21%. This is a positive change from Curtiss-Wright's previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 16th. Curtiss-Wright's dividend payout ratio (DPR) is currently 8.54%.

Curtiss-Wright 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.