Whittier Trust Co. Raises Holdings in Curtiss-Wright Corporation (NYSE:CW)

Whittier Trust Co. boosted its holdings in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 1.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 60,472 shares of the aerospace company's stock after purchasing an additional 1,067 shares during the quarter. Whittier Trust Co. owned about 0.16% of Curtiss-Wright worth $19,185,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CW. Independent Advisor Alliance increased its stake in Curtiss-Wright by 13.6% in the 4th quarter. Independent Advisor Alliance now owns 934 shares of the aerospace company's stock worth $331,000 after acquiring an additional 112 shares during the last quarter. Great Lakes Advisors LLC bought a new stake in Curtiss-Wright in the 4th quarter worth approximately $520,000. Avantax Advisory Services Inc. increased its stake in Curtiss-Wright by 40.3% in the 4th quarter. Avantax Advisory Services Inc. now owns 1,882 shares of the aerospace company's stock worth $668,000 after acquiring an additional 541 shares during the last quarter. Swiss National Bank increased its stake in Curtiss-Wright by 0.7% in the 4th quarter. Swiss National Bank now owns 75,300 shares of the aerospace company's stock worth $26,722,000 after acquiring an additional 500 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in Curtiss-Wright by 37.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 21,851 shares of the aerospace company's stock worth $7,754,000 after acquiring an additional 5,976 shares during the last quarter. Institutional investors own 82.71% of the company's stock.

Insider Activity at Curtiss-Wright

In related news, VP John C. Watts sold 450 shares of the business's stock in a transaction on Thursday, May 29th. The stock was 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 $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 this hyperlink. 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 value of $1,673,000.00. Following the transaction, the chief financial officer owned 9,253 shares of the company's stock, 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 sold a total of 7,130 shares of company stock worth $2,726,412 in the last quarter. 0.55% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CW shares. Wall Street Zen raised Curtiss-Wright from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Stifel Nicolaus reduced their price objective on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Robert W. Baird lifted their price objective on Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Citigroup boosted their target price on Curtiss-Wright from $525.00 to $568.00 and gave the company a "buy" rating in a research report on Monday. Finally, Truist Financial cut their target price on Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating on the stock in a research report on Friday, July 11th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $424.86.

Curtiss-Wright Trading Up 0.3%

Shares of NYSE CW traded up $1.26 during trading hours on Wednesday, hitting $482.05. 251,979 shares of the company traded hands, compared to its average volume of 288,944. The stock has a market capitalization of $18.15 billion, a price-to-earnings ratio of 42.89, a price-to-earnings-growth ratio of 3.03 and a beta of 1.15. The company has a current ratio of 1.89, a quick ratio of 1.28 and a debt-to-equity ratio of 0.37. The company's 50 day moving average price is $453.49 and its 200 day moving average price is $375.62. Curtiss-Wright Corporation has a 12 month low of $258.85 and a 12 month high of $493.95.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted 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 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 analysts' expectations of $767.32 million. During the same quarter in the previous year, the business earned $1.99 EPS. Curtiss-Wright's revenue was up 13.0% compared to the same quarter last year. On average, equities research analysts anticipate that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 7th. Investors of record on Monday, June 16th were issued a dividend of $0.24 per share. The ex-dividend date was Monday, June 16th. This represents a $0.96 dividend on an annualized basis and a yield of 0.20%. This is a boost from Curtiss-Wright's previous quarterly dividend of $0.21. Curtiss-Wright's payout ratio is presently 8.54%.

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.