Curtiss-Wright Corporation (NYSE:CW) Shares Acquired by Diversify Wealth Management LLC

Diversify Wealth Management LLC boosted its position in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 37.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,967 shares of the aerospace company's stock after buying an additional 1,073 shares during the period. Diversify Wealth Management LLC's holdings in Curtiss-Wright were worth $1,350,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. raised its position in Curtiss-Wright by 98.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,664 shares of the aerospace company's stock worth $1,163,000 after acquiring an additional 1,817 shares during the period. Sowell Financial Services LLC bought a new stake in Curtiss-Wright during the 1st quarter valued at $240,000. Vontobel Holding Ltd. increased its position in Curtiss-Wright by 100.4% during the 1st quarter. Vontobel Holding Ltd. now owns 1,140 shares of the aerospace company's stock valued at $362,000 after purchasing an additional 571 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Curtiss-Wright by 37.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 3,652 shares of the aerospace company's stock worth $1,159,000 after acquiring an additional 999 shares in the last quarter. Finally, Mission Wealth Management LP purchased a new stake in Curtiss-Wright during the 1st quarter valued at about $206,000. Institutional investors own 82.71% of the company's stock.

Curtiss-Wright Price Performance

Shares of CW stock traded down $6.72 during trading hours on Tuesday, hitting $480.42. 299,571 shares of the company's stock were exchanged, compared to its average volume of 289,225. 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 firm has a market cap of $18.09 billion, a P/E ratio of 42.74, a P/E/G ratio of 2.99 and a beta of 1.15. The firm has a 50 day moving average of $446.23 and a two-hundred day moving average of $373.25. Curtiss-Wright Corporation has a fifty-two week low of $258.85 and a fifty-two week high of $493.95.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its earnings results on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.39 by $0.43. The business had revenue of $805.65 million during the quarter, compared to the consensus estimate of $767.32 million. Curtiss-Wright had a return on equity of 18.02% and a net margin of 13.38%. The business's quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.99 EPS. Sell-side analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CW shares. Truist Financial decreased their target price on shares of Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating on the stock in a research note on Friday. Wall Street Zen raised shares of Curtiss-Wright from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Citigroup lifted their price objective on Curtiss-Wright from $525.00 to $568.00 and gave the company a "buy" rating in a report on Monday. Stifel Nicolaus decreased their price objective on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating for the company in a report on Monday, April 14th. Finally, Robert W. Baird boosted 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. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $424.86.

Insider Buying and Selling at Curtiss-Wright

In related 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 completion of the transaction, the chief financial officer directly owned 9,253 shares in the company, valued at $3,238,550. This trade represents a 34.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP John C. Watts sold 450 shares of the firm's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $449.36, for a total value of $202,212.00. Following the transaction, the vice president owned 4,959 shares of the company's stock, valued at $2,228,376.24. This trade represents a 8.32% decrease in their ownership of the stock. 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 three months. 0.55% of the stock is owned by corporate insiders.

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.