Curtiss-Wright Corporation (NYSE:CW) Shares Purchased by Appleton Partners Inc. MA

Appleton Partners Inc. MA lifted its holdings in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 72.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,109 shares of the aerospace company's stock after buying an additional 10,099 shares during the period. Appleton Partners Inc. MA owned about 0.06% of Curtiss-Wright worth $7,649,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Whipplewood Advisors LLC increased its stake in Curtiss-Wright by 1,566.7% in the 1st quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company's stock valued at $32,000 after purchasing an additional 94 shares in the last quarter. Minot DeBlois Advisors LLC purchased a new position in Curtiss-Wright in the 4th quarter valued at approximately $35,000. Ancora Advisors LLC purchased a new position in Curtiss-Wright in the 4th quarter valued at approximately $49,000. MassMutual Private Wealth & Trust FSB increased its stake in Curtiss-Wright by 165.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the aerospace company's stock valued at $63,000 after purchasing an additional 124 shares in the last quarter. Finally, Altshuler Shaham Ltd purchased a new position in Curtiss-Wright in the 4th quarter valued at approximately $70,000. 82.71% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Curtiss-Wright

In related news, Director Bruce D. Hoechner sold 1,900 shares of Curtiss-Wright stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $448.00, for a total value of $851,200.00. Following the transaction, the director now owns 4,523 shares in the company, valued at approximately $2,026,304. This trade represents a 29.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO K Christopher Farkas sold 4,780 shares of Curtiss-Wright 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 completion of the transaction, the chief financial officer now owns 9,253 shares in the company, valued at $3,238,550. The trade was a 34.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,130 shares of company stock worth $2,726,412 over the last quarter. 0.55% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

Curtiss-Wright Trading Up 0.7%

Shares of CW stock traded up $3.03 during mid-day trading on Friday, hitting $465.84. 1,226,082 shares of the company's stock were exchanged, compared to its average volume of 286,865. Curtiss-Wright Corporation has a fifty-two week low of $258.85 and a fifty-two week high of $479.91. The stock has a 50-day simple moving average of $400.61 and a two-hundred day simple moving average of $360.69. The company has a quick ratio of 1.28, a current ratio of 1.89 and a debt-to-equity ratio of 0.37. The stock has a market cap of $17.54 billion, a price-to-earnings ratio of 41.45, a PEG ratio of 3.06 and a beta of 1.13.

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

Curtiss-Wright Increases Dividend

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

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.