Blair William & Co. IL Purchases 4,584 Shares of Curtiss-Wright Corporation $CW

Key Points

• Blair William & Co. IL increased its stake in Curtiss-Wright Corporation by 3.5% in the second quarter, now holding 135,371 shares valued at approximately $66.1 million.
• Deutsche Bank and other analysts have maintained a "buy" rating on Curtiss-Wright, with price targets ranging from $457.00 to $625.00 per share.
• Curtiss-Wright recently announced a quarterly dividend of $0.24 per share, reflecting an annualized yield of 0.2% and a payout ratio of 8.10%.

Blair William & Co. IL boosted its stake in Curtiss-Wright Corporation (NYSE:CW - Free Report) by 3.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 135,371 shares of the aerospace company's stock after acquiring an additional 4,584 shares during the quarter. Blair William & Co. IL owned 0.36% of Curtiss-Wright worth $66,136,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. lifted its position in Curtiss-Wright by 98.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 3,664 shares of the aerospace company's stock valued at $1,163,000 after acquiring an additional 1,817 shares in the last quarter. Vontobel Holding Ltd. lifted its position in Curtiss-Wright by 100.4% in the 1st quarter. Vontobel Holding Ltd. now owns 1,140 shares of the aerospace company's stock valued at $362,000 after acquiring an additional 571 shares in the last quarter. Sowell Financial Services LLC bought a new stake in Curtiss-Wright in the 1st quarter valued at $240,000. Janney Montgomery Scott LLC lifted its position in Curtiss-Wright by 37.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 3,652 shares of the aerospace company's stock valued at $1,159,000 after acquiring an additional 999 shares in the last quarter. Finally, Mission Wealth Management LP bought a new stake in Curtiss-Wright in the 1st quarter valued at $206,000. 82.71% of the stock is owned by institutional investors.

Insider Buying and Selling at Curtiss-Wright

In other news, VP John C. Watts sold 1,110 shares of the business's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $480.50, for a total transaction of $533,355.00. Following the transaction, the vice president directly owned 3,863 shares in the company, valued at $1,856,171.50. The trade was a 22.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.55% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

CW has been the topic of several research reports. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $625.00 price objective on shares of Curtiss-Wright in a research report on Wednesday. Weiss Ratings reiterated a "buy (b)" rating on shares of Curtiss-Wright in a research note on Wednesday. Citigroup lifted their price target on shares of Curtiss-Wright from $525.00 to $568.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Wall Street Zen lowered shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, Stifel Nicolaus lifted their price target on shares of Curtiss-Wright from $450.00 to $457.00 and gave the company a "hold" rating in a research note on Friday, August 8th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $492.86.

Curtiss-Wright Stock Up 3.2%

Curtiss-Wright stock opened at $557.73 on Thursday. The firm has a market capitalization of $21.02 billion, a PE ratio of 47.07, a P/E/G ratio of 3.31 and a beta of 1.14. The company's 50-day moving average is $502.72 and its 200-day moving average is $441.83. Curtiss-Wright Corporation has a fifty-two week low of $266.88 and a fifty-two week high of $561.49. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.95 and a quick ratio of 1.35.

Curtiss-Wright (NYSE:CW - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.13 by $0.10. The company had revenue of $876.58 million for the quarter, compared to analyst estimates of $855.10 million. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. Curtiss-Wright's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.67 EPS. Sell-side analysts anticipate that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, September 26th. This represents a $0.96 annualized dividend and a dividend yield of 0.2%. Curtiss-Wright's payout ratio is currently 8.10%.

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.

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