Entropy Technologies LP Invests $1.06 Million in Curtiss-Wright Corporation (NYSE:CW)

Key Points

• Entropy Technologies LP has acquired 3,338 shares of Curtiss-Wright Corporation, valued at approximately $1,059,000, in the first quarter.
• Several analysts have raised their price targets for Curtiss-Wright, with Morgan Stanley increasing it from $405 to $550, giving the stock an "overweight" rating.
• Curtiss-Wright recently increased its quarterly dividend to $0.24, reflecting an annualized dividend yield of 0.2%.

Entropy Technologies LP bought a new stake in Curtiss-Wright Corporation (NYSE:CW - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,338 shares of the aerospace company's stock, valued at approximately $1,059,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Ascent Group LLC grew 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 purchasing an additional 33 shares during the last quarter. Baird Financial Group Inc. grew 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 purchasing an additional 34 shares during the last quarter. Portside Wealth Group LLC grew its stake in shares of Curtiss-Wright by 1.6% in the 1st quarter. Portside Wealth Group LLC now owns 2,144 shares of the aerospace company's stock valued at $680,000 after purchasing an additional 34 shares during the last quarter. GeoWealth Management LLC grew its stake in shares of Curtiss-Wright by 15.6% in the 4th quarter. GeoWealth Management LLC now owns 318 shares of the aerospace company's stock valued at $113,000 after purchasing an additional 43 shares during the last quarter. Finally, EP Wealth Advisors LLC grew its stake in shares of Curtiss-Wright by 4.7% in the 4th quarter. EP Wealth Advisors LLC now owns 951 shares of the aerospace company's stock valued at $337,000 after purchasing an additional 43 shares during the last quarter. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Curtiss-Wright news, Director Bruce D. Hoechner sold 1,900 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $448.00, for a total transaction of $851,200.00. Following the sale, the director directly owned 4,523 shares in the company, valued at approximately $2,026,304. The trade was a 29.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John C. Watts sold 450 shares of the business's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $449.36, for a total value of $202,212.00. Following the sale, the vice president owned 4,959 shares in the company, valued at approximately $2,228,376.24. The trade was a 8.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on CW. Robert W. Baird lifted their target price on Curtiss-Wright from $432.00 to $500.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Citigroup lifted their price target on Curtiss-Wright from $525.00 to $568.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Stifel Nicolaus lifted their price target on Curtiss-Wright from $450.00 to $457.00 and gave the company a "hold" rating in a research note on Friday, August 8th. Truist Financial decreased their price target on Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating on the stock in a research note on Friday, July 11th. Finally, Wall Street Zen downgraded Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $468.14.

Curtiss-Wright Price Performance

CW traded down $4.40 during trading on Friday, reaching $487.75. 300,609 shares of the stock were exchanged, compared to its average volume of 362,074. The business's 50 day moving average price is $482.66 and its two-hundred day moving average price is $395.36. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.95 and a quick ratio of 1.35. The company has a market capitalization of $18.38 billion, a price-to-earnings ratio of 41.16, a P/E/G ratio of 3.01 and a beta of 1.18. Curtiss-Wright Corporation has a 1 year low of $266.88 and a 1 year high of $517.09.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its earnings results on Wednesday, August 6th. The aerospace company reported $3.23 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 18.34% and a net margin of 13.66%. Curtiss-Wright's quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.67 earnings per share. As a group, equities research analysts anticipate that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

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.