Dynamic Technology Lab Private Ltd Purchases Shares of 1,460 Curtiss-Wright Corporation $CW

Key Points

• Dynamic Technology Lab Private Ltd has taken a new position in Curtiss-Wright Corporation, acquiring 1,460 shares valued at approximately $463,000.
• Curtiss-Wright's stock has shown a 2.6% increase and reported a quarterly earnings per share of $3.23, exceeding analysts' expectations.
• Various institutional investors have increased their stakes in Curtiss-Wright, with 82.71% of the stock now owned by institutional investors and hedge funds.

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,460 shares of the aerospace company's stock, valued at approximately $463,000.

Other large investors have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of 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 valued at $1,163,000 after acquiring an additional 1,817 shares in the last quarter. Vontobel Holding Ltd. boosted its stake 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 in the last quarter. Sowell Financial Services LLC acquired a new position in shares of Curtiss-Wright during the 1st quarter valued at $240,000. Janney Montgomery Scott LLC raised 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 buying an additional 999 shares in the last quarter. Finally, Mission Wealth Management LP acquired a new stake in shares of Curtiss-Wright in the first quarter valued at $206,000. Institutional investors and hedge funds own 82.71% of the company's stock.

Curtiss-Wright Trading Down 0.2%

Shares of NYSE:CW traded down $1.22 during mid-day trading on Friday, hitting $509.88. The stock had a trading volume of 274,549 shares, compared to its average volume of 207,220. The company's 50 day moving average is $486.75 and its 200-day moving average is $415.89. Curtiss-Wright Corporation has a 12-month low of $266.88 and a 12-month high of $517.09. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.35 and a current ratio of 1.95. The company has a market cap of $19.21 billion, a PE ratio of 43.03, a P/E/G ratio of 3.13 and a beta of 1.15.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its earnings results on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.13 by $0.10. The company had revenue of $876.58 million for the quarter, compared to the consensus estimate of $855.10 million. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. The company's revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.67 EPS. On average, sell-side analysts predict that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, September 26th. Curtiss-Wright's dividend payout ratio is currently 8.10%.

Insider Buying and Selling

In other Curtiss-Wright news, VP John C. Watts sold 1,110 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $480.50, for a total value of $533,355.00. Following the completion of the sale, the vice president owned 3,863 shares in the company, valued at $1,856,171.50. This represents a 22.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.55% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Morgan Stanley lifted their target price on Curtiss-Wright from $405.00 to $550.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Truist Financial lowered their price objective 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, July 11th. Wall Street Zen downgraded shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 2nd. Stifel Nicolaus raised their target price on shares of Curtiss-Wright from $450.00 to $457.00 and gave the stock a "hold" rating in a report on Friday, August 8th. Finally, Citigroup upped their price target on Curtiss-Wright from $525.00 to $568.00 and gave the company a "buy" rating in a report on Monday, July 14th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $468.14.

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.