664 Shares in Curtiss-Wright Corporation (NYSE:CW) Bought by ANB Bank

Key Points

• ANB Bank has acquired 664 shares of Curtiss-Wright Corporation, valued at approximately $211,000, during the first quarter of the year.
• Curtiss-Wright's stock has received multiple upgrades from analysts, with varying target prices reaching as high as $568.00.
• The company recently increased its quarterly dividend from $0.21 to $0.24 per share, reflecting a positive outlook on its financial performance.

ANB Bank purchased a new stake in Curtiss-Wright Corporation (NYSE:CW - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 664 shares of the aerospace company's stock, valued at approximately $211,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Minot DeBlois Advisors LLC acquired a new stake in shares of Curtiss-Wright in the fourth quarter valued at about $35,000. Whipplewood Advisors LLC grew its holdings in Curtiss-Wright by 1,566.7% during the first quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company's stock worth $32,000 after purchasing an additional 94 shares during the period. Ancora Advisors LLC bought a new position in Curtiss-Wright during the fourth quarter worth about $49,000. Private Trust Co. NA boosted its holdings in shares of Curtiss-Wright by 13,800.0% during the first quarter. Private Trust Co. NA now owns 139 shares of the aerospace company's stock worth $44,000 after acquiring an additional 138 shares during the period. Finally, Altshuler Shaham Ltd bought a new stake in shares of Curtiss-Wright during the fourth quarter worth approximately $70,000. Institutional investors and hedge funds own 82.71% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Citigroup boosted their price objective on Curtiss-Wright from $525.00 to $568.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Morgan Stanley boosted their price objective on Curtiss-Wright from $405.00 to $550.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Stifel Nicolaus boosted their price objective on Curtiss-Wright from $365.00 to $450.00 and gave the stock a "hold" rating in a report on Monday, July 21st. Wall Street Zen upgraded Curtiss-Wright from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 12th. Finally, Truist Financial dropped their price target on shares of Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating for the company in a research report on Friday, July 11th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $467.14.

Curtiss-Wright Price Performance

Shares of NYSE CW traded down $1.67 during midday trading on Monday, reaching $483.23. The company's stock had a trading volume of 51,742 shares, compared to its average volume of 309,292. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.28 and a current ratio of 1.89. Curtiss-Wright Corporation has a fifty-two week low of $258.85 and a fifty-two week high of $493.95. The business's 50 day moving average price is $465.62 and its two-hundred day moving average price is $382.27. The company has a market cap of $18.20 billion, a P/E ratio of 42.99, a P/E/G ratio of 3.06 and a beta of 1.15.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $2.82 EPS for the quarter, beating the consensus estimate of $2.39 by $0.43. Curtiss-Wright had a net margin of 13.38% and a return on equity of 18.02%. The business had revenue of $805.65 million during the quarter, compared to the consensus estimate of $767.32 million. During the same period in the previous year, the business earned $1.99 earnings per share. The company's revenue was up 13.0% on a year-over-year basis. On average, analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 7th. Shareholders of record on Monday, June 16th were given a dividend of $0.24 per share. This is an increase from Curtiss-Wright's previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a yield of 0.20%. The ex-dividend date of this dividend was Monday, June 16th. Curtiss-Wright's payout ratio is currently 8.54%.

Insider Buying and Selling at Curtiss-Wright

In other news, Director Bruce D. Hoechner sold 1,900 shares of the company'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 completion of the transaction, the director directly owned 4,523 shares in the company, valued at approximately $2,026,304. This represents a 29.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO K Christopher Farkas sold 4,780 shares of the company's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $350.00, for a total transaction of $1,673,000.00. Following the transaction, the chief financial officer owned 9,253 shares of the company's stock, valued at $3,238,550. This trade represents a 34.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,130 shares of company stock worth $2,726,412 over the last three months. Corporate insiders own 0.55% of the company's stock.

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.