Blair William & Co. IL Boosts Holdings in Curtiss-Wright Corporation (NYSE:CW)

Blair William & Co. IL boosted its holdings in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 53.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 130,787 shares of the aerospace company's stock after acquiring an additional 45,457 shares during the quarter. Blair William & Co. IL owned 0.35% of Curtiss-Wright worth $41,495,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CW. GAMMA Investing LLC lifted its position in shares of Curtiss-Wright by 44,878.7% during the 1st quarter. GAMMA Investing LLC now owns 259,527 shares of the aerospace company's stock valued at $82,340,000 after acquiring an additional 258,950 shares during the period. Wedge Capital Management L L P NC acquired a new position in shares of Curtiss-Wright during the 1st quarter valued at $55,639,000. Bank of New York Mellon Corp lifted its position in shares of Curtiss-Wright by 23.3% during the 1st quarter. Bank of New York Mellon Corp now owns 552,893 shares of the aerospace company's stock valued at $175,417,000 after acquiring an additional 104,393 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Curtiss-Wright during the 4th quarter valued at $34,368,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Curtiss-Wright during the 4th quarter valued at $31,497,000. 82.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CW shares. Morgan Stanley upped their price objective on shares of Curtiss-Wright from $405.00 to $550.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Wall Street Zen lowered shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Robert W. Baird upped their target price on shares of Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Stifel Nicolaus upped their target price on shares of Curtiss-Wright from $365.00 to $450.00 and gave the stock a "hold" rating in a research note on Monday, July 21st. Finally, Truist Financial reduced their target price on shares of Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating for the company in a research note on Friday, July 11th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $467.14.

Insider Activity at Curtiss-Wright

In other news, VP John C. Watts sold 450 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $449.36, for a total value of $202,212.00. Following the transaction, the vice president owned 4,959 shares in the company, valued at approximately $2,228,376.24. This trade represents a 8.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bruce D. Hoechner sold 1,900 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $448.00, for a total transaction of $851,200.00. Following the completion of the transaction, the director owned 4,523 shares in the company, valued at $2,026,304. This represents a 29.58% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.55% of the company's stock.

Curtiss-Wright Stock Performance

NYSE CW traded up $15.80 during trading on Tuesday, hitting $512.22. 735,663 shares of the company's stock traded hands, compared to its average volume of 274,393. The stock has a market capitalization of $19.29 billion, a price-to-earnings ratio of 45.57, a PEG ratio of 3.12 and a beta of 1.18. Curtiss-Wright Corporation has a 12-month low of $266.49 and a 12-month high of $517.09. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.28 and a current ratio of 1.89. The business has a 50 day moving average of $474.29 and a 200-day moving average of $387.89.

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 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 firm had revenue of $805.65 million for the quarter, compared to the consensus estimate of $767.32 million. During the same period in the prior year, the firm posted $1.99 earnings per share. The company's revenue for the quarter was up 13.0% on a year-over-year basis. As a group, equities research analysts anticipate 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 was paid on Monday, July 7th. Shareholders of record on Monday, June 16th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.2%. This is a boost from Curtiss-Wright's previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Monday, June 16th. Curtiss-Wright's payout ratio is 8.54%.

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.