Curtiss-Wright Corporation (NYSE:CW) Shares Bought by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc boosted its holdings in Curtiss-Wright Corporation (NYSE:CW - Free Report) by 3.2% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 27,824 shares of the aerospace company's stock after buying an additional 870 shares during the period. Marks Group Wealth Management Inc owned approximately 0.07% of Curtiss-Wright worth $8,828,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Jones Financial Companies Lllp purchased a new position in shares of Curtiss-Wright in the 4th quarter valued at $135,000. Proficio Capital Partners LLC acquired a new stake in Curtiss-Wright in the 4th quarter valued at $15,637,000. Amundi increased its holdings in Curtiss-Wright by 544.9% in the 4th quarter. Amundi now owns 18,985 shares of the aerospace company's stock valued at $6,681,000 after purchasing an additional 16,041 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Curtiss-Wright by 39.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,374 shares of the aerospace company's stock valued at $4,391,000 after purchasing an additional 3,522 shares during the period. Finally, Independent Advisor Alliance lifted its stake in shares of Curtiss-Wright by 13.6% during the fourth quarter. Independent Advisor Alliance now owns 934 shares of the aerospace company's stock worth $331,000 after purchasing an additional 112 shares in the last quarter. Hedge funds and other institutional investors own 82.71% of the company's stock.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, Director Bruce D. Hoechner sold 1,900 shares of Curtiss-Wright stock in a transaction 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 completion of the transaction, the director owned 4,523 shares of the company's stock, valued at $2,026,304. The trade was a 29.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO K Christopher Farkas sold 4,780 shares of the business's stock in a transaction 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 sale, the chief financial officer 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. Insiders have sold 7,130 shares of company stock worth $2,726,412 over the last quarter. 0.55% of the stock is owned by corporate insiders.

Curtiss-Wright Stock Up 2.8%

Shares of Curtiss-Wright stock traded up $13.32 on Monday, hitting $486.59. 67,243 shares of the company's stock traded hands, compared to its average volume of 314,045. Curtiss-Wright Corporation has a 52-week low of $258.85 and a 52-week high of $493.95. The company has a quick ratio of 1.28, a current ratio of 1.89 and a debt-to-equity ratio of 0.37. The stock has a market cap of $18.32 billion, a P/E ratio of 43.27, a PEG ratio of 2.99 and a beta of 1.15. The firm's 50-day moving average is $446.23 and its 200 day moving average is $373.25.

Curtiss-Wright (NYSE:CW - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $2.82 EPS for the quarter, beating analysts' consensus estimates of $2.39 by $0.43. The firm had revenue of $805.65 million for the quarter, compared to the consensus estimate of $767.32 million. Curtiss-Wright had a net margin of 13.38% and a return on equity of 18.02%. The firm's revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.99 EPS. Equities analysts anticipate that Curtiss-Wright Corporation will post 12.32 earnings per share 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 paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $0.96 annualized dividend and a yield of 0.20%. This is a boost from Curtiss-Wright's previous quarterly dividend of $0.21. Curtiss-Wright's dividend payout ratio is presently 8.54%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CW shares. Stifel Nicolaus lowered their target price on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating for the company in a research note on Monday, April 14th. Wall Street Zen raised shares of Curtiss-Wright from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Robert W. Baird boosted their target price on shares of Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Truist Financial decreased their target price on shares of Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating for the company in a research note on Friday. Finally, Citigroup lifted their price target on shares of Curtiss-Wright from $444.00 to $520.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Curtiss-Wright presently has a consensus rating of "Moderate Buy" and a consensus price target of $418.00.

Curtiss-Wright 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.