Janney Montgomery Scott LLC Increases Position in Curtiss-Wright Corporation (NYSE:CW)

Janney Montgomery Scott LLC boosted its holdings in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 37.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,652 shares of the aerospace company's stock after acquiring an additional 999 shares during the period. Janney Montgomery Scott LLC's holdings in Curtiss-Wright were worth $1,159,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in CW. Vanguard Group Inc. boosted its stake in Curtiss-Wright by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 3,634,028 shares of the aerospace company's stock valued at $1,289,608,000 after buying an additional 15,890 shares during the last quarter. Invesco Ltd. lifted its stake in Curtiss-Wright by 6.4% in the fourth quarter. Invesco Ltd. now owns 1,417,445 shares of the aerospace company's stock worth $503,009,000 after acquiring an additional 84,635 shares during the period. TD Asset Management Inc. boosted its position in Curtiss-Wright by 16.2% during the 4th quarter. TD Asset Management Inc. now owns 766,413 shares of the aerospace company's stock valued at $271,977,000 after acquiring an additional 107,115 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of 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 buying an additional 12,086 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in Curtiss-Wright by 1.2% in the fourth quarter. Alliancebernstein L.P. now owns 592,326 shares of the aerospace company's stock valued at $210,199,000 after acquiring an additional 6,971 shares in the last quarter. 82.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CW. Stifel Nicolaus lowered 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. Wall Street Zen lowered Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 24th. Truist Financial reduced their target price on shares of Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. Citigroup boosted their price objective on Curtiss-Wright from $444.00 to $520.00 and gave the company a "buy" rating in a research note on Monday, June 9th. Finally, Robert W. Baird boosted their price target on shares of Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $418.00.

Insider Transactions at Curtiss-Wright

In other news, CFO K Christopher Farkas sold 4,780 shares of the firm's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $350.00, for a total transaction of $1,673,000.00. Following the transaction, the chief financial officer directly owned 9,253 shares of the company's stock, valued at approximately $3,238,550. This trade represents a 34.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bruce D. Hoechner sold 1,900 shares of the business's stock in a transaction that occurred 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 transaction, the director directly owned 4,523 shares in the company, valued at $2,026,304. This trade represents a 29.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,130 shares of company stock valued at $2,726,412. 0.55% of the stock is owned by corporate insiders.

Curtiss-Wright Trading Down 0.0%

Shares of NYSE CW traded down $0.16 during trading on Wednesday, reaching $476.47. The company had a trading volume of 113,360 shares, compared to its average volume of 286,802. Curtiss-Wright Corporation has a 12 month low of $258.85 and a 12 month high of $490.71. The company has a quick ratio of 1.28, a current ratio of 1.89 and a debt-to-equity ratio of 0.37. The company's fifty day moving average price is $423.21 and its 200-day moving average price is $366.19. The stock has a market cap of $17.94 billion, a P/E ratio of 42.42, a PEG ratio of 3.20 and a beta of 1.15.

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 for the quarter, beating the consensus estimate 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 last year, the firm earned $1.99 EPS. The firm's revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, research analysts expect 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 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 is 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%.

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.