Jackson Creek Investment Advisors LLC Invests $263,000 in Curtiss-Wright Corporation (NYSE:CW)

Jackson Creek Investment Advisors LLC acquired a new stake in Curtiss-Wright Corporation (NYSE:CW - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 828 shares of the aerospace company's stock, valued at approximately $263,000.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Curtiss-Wright by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 3,634,028 shares of the aerospace company's stock worth $1,289,608,000 after acquiring an additional 15,890 shares during the period. Invesco Ltd. grew its stake in shares of Curtiss-Wright by 6.4% during the 4th quarter. Invesco Ltd. now owns 1,417,445 shares of the aerospace company's stock worth $503,009,000 after purchasing an additional 84,635 shares during the period. TD Asset Management Inc. increased its holdings in shares of Curtiss-Wright by 16.2% in the 4th quarter. TD Asset Management Inc. now owns 766,413 shares of the aerospace company's stock valued at $271,977,000 after purchasing an additional 107,115 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Curtiss-Wright by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 743,934 shares of the aerospace company's stock valued at $264,071,000 after purchasing an additional 12,086 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its stake in shares of Curtiss-Wright by 1.2% in the fourth quarter. Alliancebernstein L.P. now owns 592,326 shares of the aerospace company's stock valued at $210,199,000 after purchasing an additional 6,971 shares during the period. 82.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Curtiss-Wright

In related news, VP John C. Watts sold 450 shares of the 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 transaction, the vice president directly owned 4,959 shares of the company's stock, valued at approximately $2,228,376.24. This trade represents a 8.32% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO K Christopher Farkas sold 4,780 shares of the company's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $350.00, for a total value of $1,673,000.00. Following the sale, the chief financial officer owned 9,253 shares of the company's stock, valued at $3,238,550. This represents a 34.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,130 shares of company stock worth $2,726,412 in the last 90 days. 0.55% of the stock is owned by company insiders.

Curtiss-Wright Price Performance

NYSE:CW opened at $486.80 on Friday. Curtiss-Wright Corporation has a 12-month low of $258.85 and a 12-month high of $493.95. The firm has a market cap of $18.33 billion, a price-to-earnings ratio of 43.31, a price-to-earnings-growth ratio of 3.05 and a beta of 1.15. The company's 50-day moving average is $457.66 and its two-hundred day moving average is $377.41. The company has a current ratio of 1.89, a quick ratio of 1.28 and a debt-to-equity ratio of 0.37.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its earnings results on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.39 by $0.43. The firm had revenue of $805.65 million for the quarter, compared to analyst estimates of $767.32 million. Curtiss-Wright had a net margin of 13.38% and a return on equity of 18.02%. Curtiss-Wright's revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.99 earnings per share. Research analysts expect that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 7th. Shareholders of record on Monday, June 16th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.20%. This is a positive change from Curtiss-Wright's previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Monday, June 16th. Curtiss-Wright's dividend payout ratio (DPR) is presently 8.54%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CW. 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. Wall Street Zen raised Curtiss-Wright from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 12th. Robert W. Baird lifted their price target on Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Citigroup increased their price objective on shares of 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 cut their target price 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. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Curtiss-Wright has an average rating of "Moderate Buy" and an average price target of $447.00.

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.

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