Curtiss-Wright Corporation $CW Shares Purchased by LaFleur & Godfrey LLC

Key Points

• LaFleur & Godfrey LLC significantly increased its stake in Curtiss-Wright Corporation by 3,161.9% during the second quarter, now holding 22,344 shares valued at approximately $10.9 million.
• Institutional investors hold a significant share of Curtiss-Wright, with 82.71% of the company's stock owned by hedge funds and other institutions.
• Curtiss-Wright recently announced a quarterly dividend of $0.24 per share, set to be paid on October 10th, reflecting a 0.2% yield on an annualized basis.

LaFleur & Godfrey LLC lifted its holdings in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 3,161.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,344 shares of the aerospace company's stock after acquiring an additional 21,659 shares during the period. Curtiss-Wright makes up 1.4% of LaFleur & Godfrey LLC's holdings, making the stock its 26th biggest holding. LaFleur & Godfrey LLC owned 0.06% of Curtiss-Wright worth $10,916,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Whipplewood Advisors LLC boosted its holdings in Curtiss-Wright by 1,566.7% during the first quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company's stock worth $32,000 after purchasing an additional 94 shares during the last quarter. 1 North Wealth Services LLC purchased a new stake in Curtiss-Wright during the 1st quarter valued at $32,000. Private Trust Co. NA lifted its position in shares of Curtiss-Wright by 13,800.0% in the 1st quarter. Private Trust Co. NA now owns 139 shares of the aerospace company's stock worth $44,000 after purchasing an additional 138 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in shares of Curtiss-Wright by 165.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the aerospace company's stock worth $63,000 after acquiring an additional 124 shares in the last quarter. Finally, Tsfg LLC increased its stake in Curtiss-Wright by 112.7% during the 1st quarter. Tsfg LLC now owns 217 shares of the aerospace company's stock valued at $69,000 after purchasing an additional 115 shares in the last quarter. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Curtiss-Wright Price Performance

CW stock traded up $3.38 on Monday, reaching $518.10. 172,541 shares of the company's stock were exchanged, compared to its average volume of 239,106. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.35. The firm has a market cap of $19.52 billion, a PE ratio of 43.72, a P/E/G ratio of 3.15 and a beta of 1.15. Curtiss-Wright Corporation has a twelve month low of $266.88 and a twelve month high of $525.84. The stock has a fifty day moving average of $490.43 and a 200-day moving average of $425.48.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its earnings results on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share for the quarter, beating the consensus estimate of $3.13 by $0.10. The company had revenue of $876.58 million for the quarter, compared to analyst estimates of $855.10 million. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%.Curtiss-Wright's revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.67 earnings per share. As a group, equities analysts predict that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

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

Insider Activity at Curtiss-Wright

In other news, VP John C. Watts sold 1,110 shares of the firm's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $480.50, for a total value of $533,355.00. Following the transaction, the vice president directly owned 3,863 shares in the company, valued at $1,856,171.50. This trade represents a 22.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.55% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CW shares. 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. Citigroup increased their price target on shares of Curtiss-Wright from $525.00 to $568.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Stifel Nicolaus increased their target price on Curtiss-Wright from $450.00 to $457.00 and gave the company a "hold" rating in a research report on Friday, August 8th. Wall Street Zen lowered Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, Morgan Stanley boosted their price objective on shares of Curtiss-Wright from $405.00 to $550.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $468.14.

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.