MQS Management LLC Acquires Shares of 1,186 Curtiss-Wright Corporation (NYSE:CW)

MQS Management LLC bought a new position in Curtiss-Wright Corporation (NYSE:CW - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,186 shares of the aerospace company's stock, valued at approximately $376,000.

Other hedge funds have also recently modified their holdings of the company. Minot DeBlois Advisors LLC acquired a new position in shares of Curtiss-Wright in the fourth quarter worth about $35,000. Whipplewood Advisors LLC increased its stake in shares of Curtiss-Wright by 1,566.7% in the 1st quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company's stock valued at $32,000 after purchasing an additional 94 shares in the last quarter. Ancora Advisors LLC acquired a new position in Curtiss-Wright in the 4th quarter worth about $49,000. Private Trust Co. NA boosted its position in Curtiss-Wright by 13,800.0% during the first quarter. Private Trust Co. NA now owns 139 shares of the aerospace company's stock worth $44,000 after purchasing an additional 138 shares in the last quarter. Finally, Altshuler Shaham Ltd acquired a new stake in Curtiss-Wright in the fourth quarter valued at approximately $70,000. Hedge funds and other institutional investors own 82.71% of the company's stock.

Curtiss-Wright Stock Down 0.2%

Shares of NYSE CW opened at $473.48 on Monday. The stock has a market cap of $17.83 billion, a PE ratio of 42.12, a P/E/G ratio of 2.99 and a beta of 1.15. 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 Corporation has a 12-month low of $258.85 and a 12-month high of $493.95. The company has a 50-day moving average of $446.23 and a 200 day moving average of $373.25.

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

Curtiss-Wright Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 7th. Investors of record on Monday, June 16th were given a dividend of $0.24 per share. This is a boost from Curtiss-Wright's previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a yield of 0.20%. The ex-dividend date was Monday, June 16th. Curtiss-Wright's dividend payout ratio (DPR) is presently 8.54%.

Analyst Ratings Changes

Several brokerages have recently weighed in on CW. Citigroup upped their target price on Curtiss-Wright from $444.00 to $520.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. Wall Street Zen upgraded shares of Curtiss-Wright from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Robert W. Baird lifted their target price on shares of Curtiss-Wright from $432.00 to $500.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Truist Financial reduced their price target on shares of Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating for the company in a research report on Friday. Finally, Stifel Nicolaus decreased their price target on shares of Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Two 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's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $418.00.

Insiders Place Their Bets

In related news, VP John C. Watts sold 450 shares of the stock in a transaction that occurred 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 completion of the transaction, the vice president directly owned 4,959 shares in the company, valued at approximately $2,228,376.24. This represents a 8.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Bruce D. Hoechner sold 1,900 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $448.00, for a total value of $851,200.00. Following the sale, the director directly owned 4,523 shares of the company's stock, valued at approximately $2,026,304. This trade represents a 29.58% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,130 shares of company stock valued at $2,726,412 over the last ninety days. Company insiders own 0.55% of the company's stock.

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.

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