Brookwood Investment Group LLC Makes New $541,000 Investment in Curtiss-Wright Corporation (NYSE:CW)

Key Points

• Brookwood Investment Group LLC acquired 1,706 shares of Curtiss-Wright Corporation, valued at approximately $541,000, signaling institutional interest in the aerospace company.
• Curtiss-Wright reported a quarterly earnings per share (EPS) of $2.82, exceeding analysts' estimates of $2.39, with revenues of $805.65 million, reflecting a 13% year-over-year increase.
• The company recently **increased its quarterly dividend** from $0.21 to $0.24, representing an annualized yield of 0.20% against a payout ratio of 8.54%.

Brookwood Investment Group LLC bought a new stake in Curtiss-Wright Corporation (NYSE:CW - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 1,706 shares of the aerospace company's stock, valued at approximately $541,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CW. Norges Bank purchased a new position in Curtiss-Wright in the fourth quarter valued at about $201,856,000. GAMMA Investing LLC grew its stake in shares of Curtiss-Wright by 44,878.7% during the first quarter. GAMMA Investing LLC now owns 259,527 shares of the aerospace company's stock worth $82,340,000 after acquiring an additional 258,950 shares during the last quarter. Wedge Capital Management L L P NC purchased a new stake in shares of Curtiss-Wright during the first quarter worth about $55,639,000. Bank of New York Mellon Corp grew its stake in shares of Curtiss-Wright by 23.3% during the first quarter. Bank of New York Mellon Corp now owns 552,893 shares of the aerospace company's stock worth $175,417,000 after acquiring an additional 104,393 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Curtiss-Wright during the fourth quarter worth about $34,368,000. Hedge funds and other institutional investors own 82.71% of the company's stock.

Insider Transactions at Curtiss-Wright

In related news, VP John C. Watts sold 450 shares of the stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $449.36, for a total value of $202,212.00. Following the completion of the transaction, the vice president directly owned 4,959 shares of the company's stock, valued at approximately $2,228,376.24. This represents a 8.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bruce D. Hoechner sold 1,900 shares of the stock in a transaction 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 transaction, the director directly owned 4,523 shares of the company's stock, valued at approximately $2,026,304. This represents a 29.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,130 shares of company stock valued at $2,726,412 in the last three months. 0.55% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CW shares. Truist Financial dropped their price target on Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating on the stock in a research note on Friday, July 11th. Morgan Stanley boosted their price target on Curtiss-Wright from $405.00 to $550.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Wall Street Zen upgraded Curtiss-Wright from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 12th. Stifel Nicolaus boosted their price target on Curtiss-Wright from $365.00 to $450.00 and gave the stock a "hold" rating in a research note on Monday, July 21st. Finally, Robert W. Baird lifted 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. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $467.14.

Curtiss-Wright Stock Performance

NYSE:CW traded down $1.49 during trading hours on Monday, reaching $483.42. The company had a trading volume of 48,678 shares, compared to its average volume of 309,256. Curtiss-Wright Corporation has a 1-year low of $258.85 and a 1-year high of $493.95. The firm has a market cap of $18.20 billion, a PE ratio of 43.01, a price-to-earnings-growth ratio of 3.06 and a beta of 1.15. The business's 50 day moving average price is $465.62 and its 200-day moving average price is $382.27. 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 (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, beating analysts' consensus estimates of $2.39 by $0.43. Curtiss-Wright had a return on equity of 18.02% and a net margin of 13.38%. The company had revenue of $805.65 million during the quarter, compared to the consensus estimate of $767.32 million. During the same period in the previous year, the company posted $1.99 earnings per share. Curtiss-Wright's revenue for the quarter was up 13.0% on a year-over-year basis. Research analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 7th. Stockholders 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 0.20%. This is an increase from Curtiss-Wright's previous quarterly dividend of $0.21. The ex-dividend date was Monday, June 16th. Curtiss-Wright's dividend payout ratio is presently 8.54%.

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.