Mackenzie Financial Corp Invests $537,000 in Curtiss-Wright Corporation (NYSE:CW)

Mackenzie Financial Corp acquired a new position in Curtiss-Wright Corporation (NYSE:CW - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,691 shares of the aerospace company's stock, valued at approximately $537,000.

Several other institutional investors have also recently bought and sold shares of the stock. Bank of New York Mellon Corp grew its holdings in Curtiss-Wright by 23.3% during the first quarter. Bank of New York Mellon Corp now owns 552,893 shares of the aerospace company's stock valued at $175,417,000 after purchasing an additional 104,393 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Curtiss-Wright by 1.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 343,513 shares of the aerospace company's stock valued at $110,769,000 after buying an additional 5,007 shares in the last quarter. Northern Trust Corp lifted its holdings in Curtiss-Wright by 21.4% during the fourth quarter. Northern Trust Corp now owns 329,918 shares of the aerospace company's stock worth $117,078,000 after acquiring an additional 58,207 shares in the last quarter. Driehaus Capital Management LLC grew its stake in Curtiss-Wright by 3.0% in the fourth quarter. Driehaus Capital Management LLC now owns 291,582 shares of the aerospace company's stock valued at $103,474,000 after acquiring an additional 8,447 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of Curtiss-Wright by 44,878.7% in the first quarter. GAMMA Investing LLC now owns 259,527 shares of the aerospace company's stock worth $82,340,000 after acquiring an additional 258,950 shares in the last quarter. Institutional investors own 82.71% of the company's stock.

Curtiss-Wright Price Performance

Shares of CW opened at $474.58 on Friday. The company's 50-day moving average is $477.43 and its 200-day moving average is $390.32. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.89 and a quick ratio of 1.28. The firm has a market capitalization of $17.87 billion, a PE ratio of 40.05, a PEG ratio of 3.20 and a beta of 1.18. Curtiss-Wright Corporation has a fifty-two week low of $266.88 and a fifty-two week high of $517.09.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its quarterly earnings data 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. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.73%. The firm had revenue of $876.58 million during the quarter, compared to the consensus estimate of $855.10 million. During the same period last year, the business posted $2.67 earnings per share. The business's revenue for the quarter was up 11.7% compared to the same quarter last year. Equities analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 7th. Shareholders of record on Monday, June 16th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.2%. The ex-dividend date was Monday, June 16th. This is a positive change from Curtiss-Wright's previous quarterly dividend of $0.21. Curtiss-Wright's dividend payout ratio (DPR) is 8.54%.

Wall Street Analyst Weigh In

CW has been the topic of a number of research analyst reports. Wall Street Zen lowered shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 2nd. Stifel Nicolaus increased their price objective on Curtiss-Wright from $365.00 to $450.00 and gave the stock a "hold" rating in a report on Monday, July 21st. Citigroup raised their target price 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. Morgan Stanley boosted their price target on Curtiss-Wright from $405.00 to $550.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Finally, Truist Financial cut their price objective on Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating for the company in a report on Friday, July 11th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $467.14.

Insider Buying and Selling at Curtiss-Wright

In other news, VP John C. Watts sold 450 shares of the business's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $449.36, for a total value of $202,212.00. Following the completion of the sale, the vice president owned 4,959 shares of the company's stock, valued at approximately $2,228,376.24. The trade was a 8.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Bruce D. Hoechner sold 1,900 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $448.00, for a total transaction of $851,200.00. Following the completion of the transaction, the director owned 4,523 shares in the company, valued at $2,026,304. This trade represents a 29.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.55% of the stock is owned by company insiders.

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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