Curtiss-Wright Corporation (NYSE:CW) Stock Position Increased by Bessemer Group Inc.

Bessemer Group Inc. increased its stake in Curtiss-Wright Corporation (NYSE:CW - Free Report) by 4.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 79,035 shares of the aerospace company's stock after buying an additional 3,088 shares during the quarter. Bessemer Group Inc. owned about 0.21% of Curtiss-Wright worth $25,076,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Whipplewood Advisors LLC grew its stake in Curtiss-Wright by 1,566.7% during 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 acquired a new stake in Curtiss-Wright during the 4th quarter valued at approximately $35,000. Ancora Advisors LLC acquired a new stake in Curtiss-Wright during the 4th quarter valued at approximately $49,000. MassMutual Private Wealth & Trust FSB grew 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 purchasing an additional 124 shares in the last quarter. Finally, Altshuler Shaham Ltd acquired a new stake in Curtiss-Wright during the 4th quarter valued at approximately $70,000. Institutional investors and hedge funds own 82.71% of the company's stock.

Insiders Place Their Bets

In other Curtiss-Wright news, CFO K Christopher Farkas sold 4,780 shares of the business'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 completion of the transaction, the chief financial officer now owns 9,253 shares in the company, valued at approximately $3,238,550. The trade was a 34.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Bruce D. Hoechner sold 1,900 shares of the business's 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 of the company's stock, valued at $2,026,304. This trade represents a 29.58% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,130 shares of company stock worth $2,726,412. 0.55% of the stock is owned by company insiders.

Curtiss-Wright Stock Performance

Shares of NYSE CW traded up $4.95 during mid-day trading on Friday, hitting $487.73. The company had a trading volume of 399,308 shares, compared to its average volume of 287,278. The stock has a market cap of $18.37 billion, a price-to-earnings ratio of 43.39, a PEG ratio of 3.20 and a beta of 1.13. Curtiss-Wright Corporation has a 12 month low of $258.85 and a 12 month high of $487.70. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.89 and a quick ratio of 1.28. The firm's 50 day simple moving average is $416.70 and its two-hundred day simple moving average is $364.56.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its quarterly earnings results 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. The business had revenue of $805.65 million for the quarter, compared to the consensus estimate of $767.32 million. Curtiss-Wright had a return on equity of 18.02% and a net margin of 13.38%. The business's revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the business posted $1.99 EPS. As a group, equities research analysts forecast that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Increases Dividend

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wall Street Zen lowered Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 24th. Robert W. Baird increased their target price on Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Stifel Nicolaus reduced their target price on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Citigroup increased their target price on Curtiss-Wright from $444.00 to $520.00 and gave the stock a "buy" rating in a report on Monday, June 9th. Finally, Truist Financial reduced their target price 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's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $418.00.

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.