Bessemer Group Inc. Has $25.08 Million Position in Curtiss-Wright Corporation (NYSE:CW)

Bessemer Group Inc. increased its stake in Curtiss-Wright Corporation (NYSE:CW - Free Report) by 4.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 79,035 shares of the aerospace company's stock after purchasing an additional 3,088 shares during the quarter. Bessemer Group Inc. owned about 0.21% of Curtiss-Wright worth $25,076,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Athena Investment Management acquired a new stake in shares of Curtiss-Wright in the 4th quarter worth approximately $302,000. Mission Wealth Management LP acquired a new stake in Curtiss-Wright in the first quarter worth approximately $206,000. Sowell Financial Services LLC bought a new position in Curtiss-Wright during the 1st quarter valued at $240,000. Daiwa Securities Group Inc. increased its position 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 valued at $4,210,000 after purchasing an additional 11,202 shares during the period. Finally, JPMorgan Chase & Co. raised its stake 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 buying an additional 34,489 shares in the last quarter. Institutional investors own 82.71% of the company's stock.

Curtiss-Wright Trading Up 1.3%

NYSE CW traded up $6.36 on Thursday, hitting $482.86. 177,776 shares of the company were exchanged, compared to its average volume of 288,273. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.89 and a quick ratio of 1.28. Curtiss-Wright Corporation has a twelve month low of $258.85 and a twelve month high of $484.05. The firm has a market capitalization of $18.18 billion, a P/E ratio of 42.96, a price-to-earnings-growth ratio of 3.12 and a beta of 1.14. The company's 50 day moving average price is $410.03 and its 200-day moving average price is $362.99.

Curtiss-Wright (NYSE:CW - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $767.32 million. During the same quarter in the previous year, the business earned $1.99 earnings per share. The firm's revenue was up 13.0% compared to the same quarter last year. Analysts predict that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Increases Dividend

The firm also recently declared 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 an increase 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 dividend on an annualized basis and a dividend yield of 0.20%. Curtiss-Wright's payout ratio is currently 8.54%.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, Director Bruce D. Hoechner sold 1,900 shares of the stock in a transaction that occurred 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 completion of the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO K Christopher Farkas sold 4,780 shares of the business's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $350.00, for a total transaction of $1,673,000.00. Following the transaction, the chief financial officer now owns 9,253 shares in the company, valued at approximately $3,238,550. This represents a 34.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,130 shares of company stock valued at $2,726,412. Company insiders own 0.55% of the company's stock.

Wall Street Analysts Forecast Growth

CW has been the subject of several research reports. Truist Financial decreased their target price 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. Wall Street Zen downgraded shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a 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 company an "outperform" rating in a research report on Thursday, May 22nd. Citigroup boosted their target price 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. Finally, Stifel Nicolaus reduced their target price on shares of Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating for the company in a report on Monday, April 14th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Curtiss-Wright has a consensus rating of "Moderate Buy" and a consensus price target of $418.00.

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.