Federation des caisses Desjardins du Quebec Grows Stake in Curtiss-Wright Corporation $CW

Federation des caisses Desjardins du Quebec grew its position in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 36.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,899 shares of the aerospace company's stock after buying an additional 1,050 shares during the period. Federation des caisses Desjardins du Quebec's holdings in Curtiss-Wright were worth $1,238,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ascent Group LLC grew its position in Curtiss-Wright by 4.9% during the 4th quarter. Ascent Group LLC now owns 713 shares of the aerospace company's stock worth $253,000 after acquiring an additional 33 shares during the last quarter. Baird Financial Group Inc. grew its position in Curtiss-Wright by 1.6% during the 4th quarter. Baird Financial Group Inc. now owns 2,122 shares of the aerospace company's stock worth $753,000 after acquiring an additional 34 shares during the last quarter. Portside Wealth Group LLC grew its position in Curtiss-Wright by 1.6% during the 1st quarter. Portside Wealth Group LLC now owns 2,144 shares of the aerospace company's stock worth $680,000 after acquiring an additional 34 shares during the last quarter. EP Wealth Advisors LLC grew its position in Curtiss-Wright by 4.7% during the 4th quarter. EP Wealth Advisors LLC now owns 951 shares of the aerospace company's stock worth $337,000 after acquiring an additional 43 shares during the last quarter. Finally, Alliance Wealth Advisors LLC UT grew its position in shares of Curtiss-Wright by 1.0% in the 1st quarter. Alliance Wealth Advisors LLC UT now owns 4,505 shares of the aerospace company's stock worth $1,429,000 after buying an additional 43 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CW has been the topic of a number of recent analyst reports. Robert W. Baird lifted their price objective on Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Morgan Stanley lifted their price objective on Curtiss-Wright from $405.00 to $550.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Wall Street Zen lowered Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. Citigroup raised their target price on Curtiss-Wright from $525.00 to $568.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Finally, 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 report on Friday, August 8th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $468.14.

Curtiss-Wright Stock Up 3.2%

Shares of NYSE CW traded up $15.79 during mid-day trading on Thursday, hitting $511.27. 384,275 shares of the stock traded hands, compared to its average volume of 309,277. The stock has a fifty day moving average price of $486.36 and a 200-day moving average price of $413.17. The company has a market cap of $19.26 billion, a price-to-earnings ratio of 43.15, a PEG ratio of 2.95 and a beta of 1.15. Curtiss-Wright Corporation has a 52 week low of $266.88 and a 52 week 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.

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

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, September 26th. This represents a $0.96 dividend on an annualized basis and a yield of 0.2%. Curtiss-Wright's payout ratio is presently 8.10%.

Insider Transactions at Curtiss-Wright

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

Curtiss-Wright 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.