Mission Wealth Management LP Makes New Investment in Curtiss-Wright Corporation (NYSE:CW)

Mission Wealth Management LP bought a new stake in Curtiss-Wright Corporation (NYSE:CW - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 650 shares of the aerospace company's stock, valued at approximately $206,000.

Other institutional investors also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC increased its stake in Curtiss-Wright by 1,566.7% in the first quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company's stock valued at $32,000 after purchasing an additional 94 shares during the last quarter. Minot DeBlois Advisors LLC acquired a new position in shares of Curtiss-Wright in the 4th quarter valued at $35,000. Ancora Advisors LLC purchased a new position in shares of Curtiss-Wright in the 4th quarter valued at $49,000. MassMutual Private Wealth & Trust FSB raised its stake in Curtiss-Wright by 165.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the aerospace company's stock worth $63,000 after acquiring an additional 124 shares in the last quarter. Finally, Altshuler Shaham Ltd acquired a new stake in Curtiss-Wright during the 4th quarter worth $70,000. Hedge funds and other institutional investors own 82.71% of the company's stock.

Curtiss-Wright Price Performance

Shares of Curtiss-Wright stock traded up $3.03 during trading on Friday, reaching $465.84. The company's stock had a trading volume of 1,226,082 shares, compared to its average volume of 287,381. The business has a 50 day moving average price of $397.64 and a 200-day moving average price of $360.30. Curtiss-Wright Corporation has a 12-month low of $258.85 and a 12-month high of $479.91. The company has a market capitalization of $17.54 billion, a P/E ratio of 41.45, a price-to-earnings-growth ratio of 3.03 and a beta of 1.14. The company has a quick ratio of 1.28, a current ratio of 1.89 and a debt-to-equity ratio of 0.37.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its earnings results on Wednesday, May 7th. The aerospace company reported $2.82 EPS for the quarter, topping the consensus estimate of $2.39 by $0.43. The company had revenue of $805.65 million for the quarter, compared to analyst estimates of $767.32 million. Curtiss-Wright had a net margin of 13.38% and a return on equity of 18.02%. The business's revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.99 EPS. As a group, sell-side analysts anticipate that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Monday, June 16th will be given a dividend of $0.24 per share. This is a positive change from Curtiss-Wright's previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a yield of 0.21%. The ex-dividend date is Monday, June 16th. Curtiss-Wright's dividend payout ratio is presently 8.54%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CW. Wall Street Zen lowered shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 24th. Robert W. Baird raised their price objective on shares of Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Stifel Nicolaus dropped their price objective on shares of Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Citigroup increased their target price on shares of Curtiss-Wright from $444.00 to $520.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. Finally, Truist Financial lowered their price target on Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $418.00.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, Director Bruce D. Hoechner sold 1,900 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $448.00, for a total transaction of $851,200.00. Following the sale, the director now owns 4,523 shares in the company, valued at approximately $2,026,304. This represents a 29.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO K Christopher Farkas sold 4,780 shares of the 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 sale, the chief financial officer now directly 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 three months, insiders sold 7,130 shares of company stock valued at $2,726,412. Corporate insiders own 0.55% of the company's stock.

Curtiss-Wright Company 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.