Robeco Institutional Asset Management B.V. Acquires 2,648 Shares of Curtiss-Wright Corporation (NYSE:CW)

Robeco Institutional Asset Management B.V. increased its stake in Curtiss-Wright Corporation (NYSE:CW - Free Report) by 147.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,441 shares of the aerospace company's stock after purchasing an additional 2,648 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Curtiss-Wright were worth $1,409,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Minot DeBlois Advisors LLC bought a new position in Curtiss-Wright in the 4th quarter worth approximately $35,000. Whipplewood Advisors LLC raised its position in Curtiss-Wright by 1,566.7% in the 1st quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company's stock worth $32,000 after purchasing an additional 94 shares during the last quarter. Ancora Advisors LLC bought a new position in Curtiss-Wright in the 4th quarter worth approximately $49,000. Altshuler Shaham Ltd bought a new position in Curtiss-Wright in the 4th quarter worth approximately $70,000. Finally, 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 worth $63,000 after purchasing an additional 124 shares during the last quarter. Institutional investors own 82.71% of the company's stock.

Analyst Upgrades and Downgrades

CW has been the subject of a number of analyst reports. Robert W. Baird lifted their target price 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. Citigroup lifted their target price on shares of Curtiss-Wright from $444.00 to $520.00 and gave the stock a "buy" rating in a report on Monday, June 9th. Wall Street Zen lowered shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 24th. Truist Financial lowered their target price on shares of Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating for the company in a report on Thursday, April 17th. Finally, Stifel Nicolaus lowered their target price on shares of Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating for the company in a report on Monday, April 14th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $418.00.

Insider Activity at Curtiss-Wright

In related news, Director Bruce D. Hoechner sold 1,900 shares of the business's stock in a transaction 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 sale, the director directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed 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 transaction of $1,673,000.00. Following the completion of the sale, the chief financial officer directly owned 9,253 shares in the company, valued at $3,238,550. This represents a 34.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have 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 Up 4.4%

Shares of CW stock traded up $21.01 on Friday, hitting $500.66. The stock had a trading volume of 130,150 shares, compared to its average volume of 287,818. Curtiss-Wright Corporation has a twelve month low of $258.85 and a twelve month high of $490.71. The firm has a market cap of $18.85 billion, a P/E ratio of 44.54, a PEG ratio of 3.20 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 has a fifty day moving average price of $432.79 and a two-hundred day moving average price of $368.87.

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 (EPS) 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 company had revenue of $805.65 million during the quarter, compared to analyst estimates of $767.32 million. During the same quarter in the previous year, the business earned $1.99 EPS. The firm's revenue was up 13.0% on a year-over-year basis. As a group, analysts forecast that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Increases Dividend

The business 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 $0.24 dividend. This is a boost from Curtiss-Wright's previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a yield of 0.19%. The ex-dividend date is Monday, June 16th. Curtiss-Wright's payout ratio 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.