Cetera Investment Advisers Acquires 2,919 Shares of Curtiss-Wright Corporation (NYSE:CW)

Cetera Investment Advisers increased its holdings in Curtiss-Wright Corporation (NYSE:CW - Free Report) by 17.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,637 shares of the aerospace company's stock after purchasing an additional 2,919 shares during the quarter. Cetera Investment Advisers owned approximately 0.05% of Curtiss-Wright worth $6,230,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Invesco Ltd. increased its position in shares of Curtiss-Wright by 6.4% during the fourth quarter. Invesco Ltd. now owns 1,417,445 shares of the aerospace company's stock worth $503,009,000 after buying an additional 84,635 shares during the period. Geode Capital Management LLC boosted its position in Curtiss-Wright by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 743,934 shares of the aerospace company's stock valued at $264,071,000 after acquiring an additional 12,086 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in 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 worth $175,417,000 after acquiring an additional 104,393 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Curtiss-Wright by 1.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 343,513 shares of the aerospace company's stock worth $110,769,000 after acquiring an additional 5,007 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Curtiss-Wright by 21.4% in the 4th quarter. Northern Trust Corp now owns 329,918 shares of the aerospace company's stock valued at $117,078,000 after purchasing an additional 58,207 shares during the period. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Curtiss-Wright news, VP John C. Watts sold 450 shares of Curtiss-Wright stock in a transaction 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 transaction, the vice president directly owned 4,959 shares of the company's stock, valued at $2,228,376.24. The trade was a 8.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bruce D. Hoechner sold 1,900 shares of the company's stock in a transaction 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 sale, the director owned 4,523 shares of the company's stock, valued at approximately $2,026,304. The trade was a 29.58% decrease in their position. The disclosure for this sale can be found here. 0.55% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms recently commented on CW. Truist Financial decreased their target price on Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating for the company in a research note on Friday, July 11th. Morgan Stanley raised their price objective on shares of Curtiss-Wright from $405.00 to $550.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Stifel Nicolaus lifted their price objective on shares of Curtiss-Wright from $365.00 to $450.00 and gave the company a "hold" rating in a research note on Monday, July 21st. Citigroup increased their target price on shares of Curtiss-Wright from $525.00 to $568.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Finally, Robert W. Baird raised their price target 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. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $467.14.

Curtiss-Wright Stock Performance

NYSE CW opened at $493.77 on Friday. The company has a market cap of $18.60 billion, a P/E ratio of 43.93, a PEG ratio of 3.08 and a beta of 1.18. The company has a fifty day simple moving average of $472.92 and a 200 day simple moving average of $386.66. The company has a current ratio of 1.89, a quick ratio of 1.28 and a debt-to-equity ratio of 0.37. Curtiss-Wright Corporation has a 12-month low of $258.85 and a 12-month high of $499.30.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its quarterly earnings data 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 net margin of 13.38% and a return on equity of 18.02%. The firm had revenue of $805.65 million during the quarter, compared to analysts' expectations of $767.32 million. During the same period last year, the company earned $1.99 earnings per share. The business's revenue was up 13.0% on a year-over-year basis. Sell-side analysts predict that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 7th. Stockholders of record on Monday, June 16th were issued a $0.24 dividend. This is a boost from Curtiss-Wright's previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Monday, June 16th. Curtiss-Wright's dividend payout ratio is 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.

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