Fullcircle Wealth LLC Takes $242,000 Position in Curtiss-Wright Corporation (NYSE:CW)

Fullcircle Wealth LLC bought 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 filing with the Securities & Exchange Commission. The fund bought 715 shares of the aerospace company's stock, valued at approximately $242,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bank of New York Mellon Corp raised its position in shares of Curtiss-Wright by 23.3% during the 1st quarter. Bank of New York Mellon Corp now owns 552,893 shares of the aerospace company's stock worth $175,417,000 after purchasing an additional 104,393 shares during the period. World Investment Advisors bought a new stake in Curtiss-Wright in the 1st quarter valued at about $288,000. Harel Insurance Investments & Financial Services Ltd. lifted its position in Curtiss-Wright by 36.6% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,915 shares of the aerospace company's stock valued at $1,242,000 after purchasing an additional 1,050 shares during the last quarter. OneDigital Investment Advisors LLC lifted its position in Curtiss-Wright by 10.8% in the 1st quarter. OneDigital Investment Advisors LLC now owns 1,165 shares of the aerospace company's stock valued at $370,000 after purchasing an additional 114 shares during the last quarter. Finally, Mutual Advisors LLC raised its holdings in shares of Curtiss-Wright by 15.7% during the first quarter. Mutual Advisors LLC now owns 1,228 shares of the aerospace company's stock valued at $416,000 after buying an additional 167 shares during the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CW has been the topic of several recent analyst reports. Wall Street Zen downgraded Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 24th. Citigroup lifted their price objective on shares of Curtiss-Wright from $444.00 to $520.00 and gave the company a "buy" rating in a research note on Monday, June 9th. Stifel Nicolaus cut 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 note on Monday, April 14th. Robert W. Baird boosted their price target on shares of Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Finally, Truist Financial dropped their price target on shares of Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, Curtiss-Wright currently has an average rating of "Moderate Buy" and an average target price of $418.00.

Curtiss-Wright Price Performance

Shares of Curtiss-Wright stock opened at $491.48 on Tuesday. The company has a current ratio of 1.89, a quick ratio of 1.28 and a debt-to-equity ratio of 0.37. The company's 50-day moving average price is $435.85 and its two-hundred day moving average price is $369.96. Curtiss-Wright Corporation has a 52 week low of $258.85 and a 52 week high of $493.95. The stock has a market cap of $18.51 billion, a PE ratio of 43.73, a price-to-earnings-growth ratio of 3.20 and a beta of 1.15.

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

Curtiss-Wright Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 7th. Stockholders of record on Monday, June 16th were given a dividend of $0.24 per share. The ex-dividend date was Monday, June 16th. This is a positive change 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 0.20%. Curtiss-Wright's payout ratio is 8.54%.

Insiders Place Their Bets

In related news, CFO K Christopher Farkas sold 4,780 shares of the company's stock in a transaction on 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 transaction, the chief financial officer directly owned 9,253 shares of the company's stock, valued at approximately $3,238,550. The trade was a 34.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John C. Watts sold 450 shares of the company's stock in a transaction on 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 directly owned 4,959 shares in the company, valued at $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. In the last quarter, insiders have sold 7,130 shares of company stock worth $2,726,412. Company insiders own 0.55% of the company's stock.

About Curtiss-Wright

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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