Bourgeon Capital Management LLC Takes Position in Curtiss-Wright Co. (NYSE:CW)

Bourgeon Capital Management LLC acquired a new stake in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,192 shares of the aerospace company's stock, valued at approximately $7,675,000. Curtiss-Wright makes up approximately 1.7% of Bourgeon Capital Management LLC's portfolio, making the stock its 26th biggest holding. Bourgeon Capital Management LLC owned about 0.06% of Curtiss-Wright as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. YANKCOM Partnership purchased a new stake in shares of Curtiss-Wright during the fourth quarter worth about $31,000. Minot DeBlois Advisors LLC purchased a new stake in shares of Curtiss-Wright in the 4th quarter valued at approximately $35,000. Ancora Advisors LLC acquired a new position in shares of Curtiss-Wright in the 4th quarter worth approximately $49,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of Curtiss-Wright by 165.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the aerospace company's stock worth $63,000 after purchasing an additional 124 shares during the period. Finally, Altshuler Shaham Ltd acquired a new stake in Curtiss-Wright in the 4th quarter valued at approximately $70,000. 82.71% of the stock is owned by institutional investors and hedge funds.

Curtiss-Wright Stock Up 0.1%

CW stock traded up $0.28 during midday trading on Wednesday, reaching $447.07. 190,145 shares of the company were exchanged, compared to its average volume of 276,658. The company has a market cap of $16.84 billion, a price-to-earnings ratio of 42.38, a price-to-earnings-growth ratio of 2.48 and a beta of 1.04. Curtiss-Wright Co. has a 1-year low of $258.85 and a 1-year high of $453.02. The stock's 50-day simple moving average is $360.65 and its 200 day simple moving average is $352.35. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69.

Curtiss-Wright (NYSE:CW - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $2.82 EPS for the quarter, beating the consensus estimate of $2.39 by $0.43. The firm had revenue of $805.65 million during the quarter, compared to the consensus estimate of $767.32 million. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. Curtiss-Wright's revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.99 EPS. On average, equities analysts forecast that Curtiss-Wright Co. will post 12.32 earnings per share for the current year.

Curtiss-Wright Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Monday, June 16th will be issued a $0.24 dividend. 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 0.21%. This is a positive change from Curtiss-Wright's previous quarterly dividend of $0.21. Curtiss-Wright's payout ratio is presently 8.54%.

Analyst Ratings Changes

Several research analysts have recently commented on CW shares. Truist Financial lowered their price target on Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. Stifel Nicolaus reduced their price target on shares of Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Wall Street Zen cut shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 24th. Robert W. Baird increased their target price on shares of Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Finally, Citigroup reduced their price target on Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Curtiss-Wright has an average rating of "Moderate Buy" and an average price target of $404.29.

Insider Activity

In related news, VP John C. Watts sold 450 shares of the firm's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $449.36, for a total value of $202,212.00. Following the completion of the sale, the vice president now owns 4,959 shares in the company, valued at $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 available at this link. Also, insider Paul J. Ferdenzi sold 658 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $325.68, for a total value of $214,297.44. Following the transaction, the insider now directly owns 19,239 shares of the company's stock, valued at approximately $6,265,757.52. This trade represents a 3.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,092 shares of company stock valued at $3,783,319. Company insiders own 0.55% of the company's stock.

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.