Whittier Trust Co. Purchases 1,067 Shares of Curtiss-Wright Corporation (NYSE:CW)

Whittier Trust Co. raised its stake in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 1.8% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 60,472 shares of the aerospace company's stock after purchasing an additional 1,067 shares during the period. Whittier Trust Co. owned approximately 0.16% of Curtiss-Wright worth $19,185,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CW. Norges Bank acquired a new position in Curtiss-Wright during the 4th quarter valued at about $201,856,000. William Blair Investment Management LLC purchased a new position in shares of Curtiss-Wright in the 4th quarter worth approximately $132,626,000. GAMMA Investing LLC boosted its stake in shares of Curtiss-Wright by 44,878.7% in the 1st quarter. GAMMA Investing LLC now owns 259,527 shares of the aerospace company's stock worth $82,340,000 after buying an additional 258,950 shares during the last quarter. Wedge Capital Management L L P NC purchased a new position in shares of Curtiss-Wright in the 1st quarter worth approximately $55,639,000. Finally, TD Asset Management Inc. boosted its stake in shares of Curtiss-Wright by 16.2% in the 4th quarter. TD Asset Management Inc. now owns 766,413 shares of the aerospace company's stock worth $271,977,000 after buying an additional 107,115 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CW. Stifel Nicolaus cut their target price 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 boosted their target price on Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. 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 note on Friday, July 11th. Citigroup increased their price objective on Curtiss-Wright from $525.00 to $568.00 and gave the company a "buy" rating in a report on Monday. Finally, Morgan Stanley boosted their target price on Curtiss-Wright from $405.00 to $550.00 and gave the company an "overweight" rating in a research note on Thursday. Two 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 company's stock. According to MarketBeat, Curtiss-Wright currently has an average rating of "Moderate Buy" and an average target price of $447.00.

Curtiss-Wright Stock Performance

CW stock traded up $2.76 during midday trading on Friday, reaching $486.86. 133,897 shares of the company's stock traded hands, compared to its average volume of 288,086. The company has a 50-day moving average price of $455.61 and a two-hundred day moving average price of $376.50. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.28 and a current ratio of 1.89. Curtiss-Wright Corporation has a 52 week low of $258.85 and a 52 week high of $493.95. The firm has a market capitalization of $18.33 billion, a PE ratio of 43.31, a price-to-earnings-growth ratio of 3.04 and a beta of 1.15.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its 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 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 analysts' expectations of $767.32 million. During the same quarter in the previous year, the firm posted $1.99 EPS. The business's revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, equities analysts anticipate that Curtiss-Wright Corporation will post 12.32 EPS for the current 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 paid a dividend of $0.24 per share. This is a positive change from Curtiss-Wright's previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Monday, June 16th. This represents a $0.96 annualized dividend and a yield of 0.20%. Curtiss-Wright's dividend payout ratio (DPR) is currently 8.54%.

Insider Activity at Curtiss-Wright

In related news, Director Bruce D. Hoechner sold 1,900 shares of Curtiss-Wright 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. This trade represents a 29.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO K Christopher Farkas sold 4,780 shares of Curtiss-Wright 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 sale, the chief financial officer directly owned 9,253 shares of the company's stock, valued at $3,238,550. This represents a 34.06% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,130 shares of company stock valued at $2,726,412. Company insiders own 0.55% of the company's stock.

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.