Diversified Trust Co acquired a new stake in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,656 shares of the aerospace company's stock, valued at approximately $525,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. lifted its stake in Curtiss-Wright by 0.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,319 shares of the aerospace company's stock worth $1,178,000 after purchasing an additional 29 shares during the last quarter. Harbour Investments Inc. grew its stake in shares of Curtiss-Wright by 10.6% during the fourth quarter. Harbour Investments Inc. now owns 312 shares of the aerospace company's stock valued at $111,000 after buying an additional 30 shares during the last quarter. Cornerstone Investment Partners LLC increased its holdings in shares of Curtiss-Wright by 3.6% in the fourth quarter. Cornerstone Investment Partners LLC now owns 918 shares of the aerospace company's stock worth $326,000 after buying an additional 32 shares during the period. Ascent Group LLC lifted its stake in shares of Curtiss-Wright by 4.9% in the 4th quarter. Ascent Group LLC now owns 713 shares of the aerospace company's stock valued at $253,000 after acquiring an additional 33 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its stake in shares of Curtiss-Wright by 1.6% in the 4th quarter. Baird Financial Group Inc. now owns 2,122 shares of the aerospace company's stock valued at $753,000 after acquiring an additional 34 shares during the last quarter. 82.71% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages have commented on CW. Truist Financial decreased their price target on Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. 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 research note on Thursday, May 22nd. Citigroup increased their price target on shares of Curtiss-Wright from $444.00 to $520.00 and gave the company a "buy" rating in a research 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. Finally, Stifel Nicolaus decreased their price objective on shares of Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Curtiss-Wright currently has an average rating of "Moderate Buy" and an average target price of $418.00.
Get Our Latest Stock Analysis on Curtiss-Wright
Curtiss-Wright Trading Up 4.4%
Curtiss-Wright stock traded up $21.01 during mid-day trading on Friday, reaching $500.66. 130,150 shares of the company traded hands, compared to its average volume of 287,787. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.89 and a quick ratio of 1.28. Curtiss-Wright Corporation has a 52-week low of $258.85 and a 52-week high of $490.71. The firm has a market capitalization of $18.85 billion, a price-to-earnings ratio of 44.54, a P/E/G ratio of 3.20 and a beta of 1.15. The firm's 50 day moving average price is $432.79 and its 200 day moving average price is $368.71.
Curtiss-Wright (NYSE:CW - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share (EPS) for the quarter, topping 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 company had revenue of $805.65 million during the quarter, compared to the consensus estimate of $767.32 million. During the same period in the prior year, the firm earned $1.99 earnings per share. Curtiss-Wright's revenue was up 13.0% on a year-over-year basis. On average, analysts anticipate 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 will be paid on Monday, July 7th. Stockholders of record on Monday, June 16th will be paid 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 0.19%. The ex-dividend date of this dividend is Monday, June 16th. Curtiss-Wright's dividend payout ratio is currently 8.54%.
Insider Activity at Curtiss-Wright
In related news, CFO K Christopher Farkas sold 4,780 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief financial officer directly owned 9,253 shares in the company, valued at $3,238,550. The trade was a 34.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bruce D. Hoechner sold 1,900 shares of the 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 owned 4,523 shares in the company, valued at approximately $2,026,304. This represents a 29.58% 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 insiders.
Curtiss-Wright Profile
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Free Report)
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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