Harel Insurance Investments & Financial Services Ltd. Acquires 1,050 Shares of Curtiss-Wright Corporation (NYSE:CW)

Harel Insurance Investments & Financial Services Ltd. grew its position in Curtiss-Wright Corporation (NYSE:CW - Free Report) by 36.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,915 shares of the aerospace company's stock after purchasing an additional 1,050 shares during the period. Harel Insurance Investments & Financial Services Ltd.'s holdings in Curtiss-Wright were worth $1,242,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CW. QRG Capital Management Inc. bought a new position in Curtiss-Wright during the 4th quarter worth about $237,000. Smartleaf Asset Management LLC raised its position in Curtiss-Wright by 85.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 228 shares of the aerospace company's stock valued at $82,000 after buying an additional 105 shares during the last quarter. Jones Financial Companies Lllp bought a new stake in Curtiss-Wright in the 4th quarter valued at approximately $135,000. SBI Securities Co. Ltd. acquired a new position in Curtiss-Wright during the 4th quarter worth approximately $187,000. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of Curtiss-Wright by 4.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,156 shares of the aerospace company's stock worth $410,000 after acquiring an additional 46 shares in the last quarter. 82.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Citigroup upped their price objective on Curtiss-Wright from $444.00 to $520.00 and gave the company a "buy" rating in a research note on Monday, June 9th. Wall Street Zen downgraded shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 24th. Stifel Nicolaus cut their price objective on shares of Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Truist Financial lowered their target price on Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. Finally, Robert W. Baird boosted their price target on Curtiss-Wright from $432.00 to $500.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, Curtiss-Wright has an average rating of "Moderate Buy" and a consensus target price of $418.00.

Insiders Place Their Bets

In other news, Director Bruce D. Hoechner sold 1,900 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $448.00, for a total value of $851,200.00. Following the sale, the director directly owned 4,523 shares in the company, valued at approximately $2,026,304. This trade represents a 29.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO K Christopher Farkas sold 4,780 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were 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 of the company's stock, valued at approximately $3,238,550. The trade was a 34.06% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,130 shares of company stock valued at $2,726,412. 0.55% of the stock is currently owned by corporate insiders.

Curtiss-Wright Price Performance

Shares of Curtiss-Wright stock traded up $21.01 on Friday, reaching $500.66. 130,150 shares of the stock were exchanged, compared to its average volume of 287,818. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.28 and a current ratio of 1.89. The firm has a market cap of $18.85 billion, a PE ratio of 44.54, a P/E/G ratio of 3.20 and a beta of 1.15. The firm's 50 day moving average is $432.79 and its 200-day moving average is $369.00. Curtiss-Wright Corporation has a one year low of $258.85 and a one year high of $490.71.

Curtiss-Wright (NYSE:CW - Get Free Report) last released 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. Curtiss-Wright had a return on equity of 18.02% and a net margin of 13.38%. The firm had revenue of $805.65 million during the quarter, compared to analysts' expectations of $767.32 million. During the same period in the prior year, the company earned $1.99 earnings per share. The company's quarterly revenue was up 13.0% on a year-over-year basis. As a group, analysts anticipate that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.24 per share. This is an increase from Curtiss-Wright's previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.96 annualized dividend and a yield of 0.19%. Curtiss-Wright's payout ratio is presently 8.54%.

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.