Cambridge Investment Research Advisors Inc. Acquires 1,817 Shares of Curtiss-Wright Corporation (NYSE:CW)

Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 98.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,664 shares of the aerospace company's stock after purchasing an additional 1,817 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Curtiss-Wright were worth $1,163,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Whipplewood Advisors LLC increased its holdings in shares of Curtiss-Wright by 1,566.7% during the first quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company's stock worth $32,000 after buying an additional 94 shares in the last quarter. Minot DeBlois Advisors LLC bought a new stake in Curtiss-Wright during the 4th quarter worth approximately $35,000. Ancora Advisors LLC acquired a new stake in Curtiss-Wright during the 4th quarter valued at $49,000. MassMutual Private Wealth & Trust FSB raised its position in Curtiss-Wright by 165.3% in 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 during the last quarter. Finally, Altshuler Shaham Ltd acquired a new position in Curtiss-Wright in the fourth quarter worth $70,000. 82.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright 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 transaction of $202,212.00. Following the completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO K Christopher Farkas sold 4,780 shares of the business's stock in a transaction on Thursday, May 1st. The shares were 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 owned 9,253 shares in the company, valued at approximately $3,238,550. The trade was a 34.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,130 shares of company stock valued at $2,726,412 over the last ninety days. 0.55% of the stock is owned by corporate insiders.

Curtiss-Wright Trading Up 4.4%

Shares of CW stock opened at $500.66 on Friday. Curtiss-Wright Corporation has a 12-month low of $258.85 and a 12-month high of $490.71. The company has a market capitalization of $18.85 billion, a PE ratio of 44.54, a price-to-earnings-growth ratio of 3.20 and a beta of 1.15. The firm has a 50 day moving average price of $432.79 and a two-hundred day moving average price of $368.71. The company has a quick ratio of 1.28, a current ratio of 1.89 and a debt-to-equity ratio of 0.37.

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, 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 business had revenue of $805.65 million for the quarter, compared to analyst estimates of $767.32 million. During the same period last year, the firm earned $1.99 earnings per share. Curtiss-Wright's revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, analysts predict that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Monday, June 16th will be given a dividend of $0.24 per share. This is an increase from Curtiss-Wright's previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a dividend yield of 0.19%. The ex-dividend date of this dividend is Monday, June 16th. Curtiss-Wright's dividend payout ratio is currently 8.54%.

Analyst Upgrades and Downgrades

CW has been the subject of a number of research analyst reports. Wall Street Zen cut Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 24th. Citigroup boosted their target price on shares of Curtiss-Wright from $444.00 to $520.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. 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 report on Thursday, May 22nd. Stifel Nicolaus dropped their price objective on shares of Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Finally, Truist Financial decreased their price objective on Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $418.00.

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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