Intech Investment Management LLC Buys 6,815 Shares of Curtiss-Wright Corporation $CW

Key Points

• Intech Investment Management LLC increased its stake in Curtiss-Wright Corporation by 104.1%, acquiring an additional 6,815 shares during the first quarter, bringing its total ownership to 13,359 shares valued at approximately $4.24 million.
• Aligning with institutional investors, shares of Curtiss-Wright have seen significant increases, with over 82.71% of its stock held by such investors, indicating strong market confidence.
• Curtiss-Wright announced a quarterly dividend of $0.24, with its upcoming payment scheduled for October 10th, reflecting an annualized yield of 0.2%.

Intech Investment Management LLC raised its position in Curtiss-Wright Corporation (NYSE:CW - Free Report) by 104.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,359 shares of the aerospace company's stock after acquiring an additional 6,815 shares during the quarter. Intech Investment Management LLC's holdings in Curtiss-Wright were worth $4,238,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CW. Whipplewood Advisors LLC increased its position in shares of Curtiss-Wright by 1,566.7% during the first quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company's stock valued at $32,000 after buying an additional 94 shares during the period. 1 North Wealth Services LLC purchased a new position in shares of Curtiss-Wright during the first quarter valued at about $32,000. Private Trust Co. NA increased its position in shares of Curtiss-Wright by 13,800.0% during the first quarter. Private Trust Co. NA now owns 139 shares of the aerospace company's stock valued at $44,000 after buying an additional 138 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in shares of Curtiss-Wright by 165.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the aerospace company's stock valued at $63,000 after buying an additional 124 shares during the period. Finally, Tsfg LLC increased its position in shares of Curtiss-Wright by 112.7% during the first quarter. Tsfg LLC now owns 217 shares of the aerospace company's stock valued at $69,000 after buying an additional 115 shares during the period. Hedge funds and other institutional investors own 82.71% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on CW. Morgan Stanley boosted their price target on shares of Curtiss-Wright from $405.00 to $550.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Wall Street Zen cut shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. Citigroup boosted their price target on shares of Curtiss-Wright from $525.00 to $568.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Truist Financial reduced their price target on shares of Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating on the stock in a research report on Friday, July 11th. Finally, Robert W. Baird boosted their price objective on shares of Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $468.14.

Insider Activity

In other news, VP John C. Watts sold 1,110 shares of the company's 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 transaction, the vice president owned 3,863 shares in the company, valued at approximately $1,856,171.50. This represents a 22.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.55% of the company's stock.

Curtiss-Wright Stock Up 2.0%

Shares of NYSE CW traded up $10.08 during midday trading on Monday, hitting $519.07. The stock had a trading volume of 312,162 shares, compared to its average volume of 205,952. The business's 50 day moving average is $487.30 and its 200-day moving average is $418.65. The company has a market cap of $19.56 billion, a P/E ratio of 43.80, a PEG ratio of 3.12 and a beta of 1.15. Curtiss-Wright Corporation has a 52 week low of $266.88 and a 52 week high of $524.33. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.35.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its earnings results on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.13 by $0.10. The firm 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 business's revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.67 earnings per share. As a group, analysts predict that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

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

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.