Asset Management One Co. Ltd. Makes New Investment in Curtiss-Wright Corporation (NYSE:CW)

Asset Management One Co. Ltd. purchased a new position in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,009 shares of the aerospace company's stock, valued at approximately $320,000.

Other hedge funds have 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 period. Minot DeBlois Advisors LLC purchased a new position in shares of Curtiss-Wright during the fourth quarter worth about $35,000. Ancora Advisors LLC acquired a new position in Curtiss-Wright in the 4th quarter valued at about $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 valued at $63,000 after acquiring an additional 124 shares during the last quarter. Finally, Altshuler Shaham Ltd acquired a new stake in Curtiss-Wright during the 4th quarter worth approximately $70,000. Hedge funds and other institutional investors own 82.71% of the company's stock.

Analyst Ratings Changes

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

Curtiss-Wright Price Performance

Shares of CW traded up $3.05 during trading hours on Wednesday, reaching $479.68. The company had a trading volume of 14,734 shares, compared to its average volume of 286,423. The company has a current ratio of 1.89, a quick ratio of 1.28 and a debt-to-equity ratio of 0.37. Curtiss-Wright Corporation has a 12-month low of $258.85 and a 12-month high of $490.71. The firm has a 50 day simple moving average of $423.21 and a 200-day simple moving average of $366.19. The company has a market capitalization of $18.06 billion, a price-to-earnings ratio of 42.71, a PEG ratio of 3.20 and a beta of 1.15.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its earnings results on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share for the quarter, topping 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 company had revenue of $805.65 million for the quarter, compared to analyst estimates of $767.32 million. During the same period in the prior year, the business posted $1.99 earnings per share. The firm's revenue for the quarter was up 13.0% compared to the same quarter last year. Research analysts expect that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Increases Dividend

The firm 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. The ex-dividend date is Monday, June 16th. This represents a $0.96 dividend on an annualized basis and a yield of 0.20%. This is a boost from Curtiss-Wright's previous quarterly dividend of $0.21. Curtiss-Wright's payout ratio is presently 8.54%.

Insider Buying and Selling at Curtiss-Wright

In other news, VP John C. Watts sold 450 shares of the business's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $449.36, for a total value of $202,212.00. Following the completion of the transaction, the vice president directly owned 4,959 shares of the company's stock, valued at $2,228,376.24. The trade was a 8.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Bruce D. Hoechner sold 1,900 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $448.00, for a total value of $851,200.00. Following the sale, the director directly owned 4,523 shares in the company, valued at approximately $2,026,304. The trade was a 29.58% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,130 shares of company stock valued at $2,726,412 over the last quarter. Corporate insiders own 0.55% of the company's stock.

About Curtiss-Wright

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.