Oak Thistle LLC Takes $224,000 Position in Curtiss-Wright Corporation (NYSE:CW)

Key Points

• Oak Thistle LLC acquired 706 shares of Curtiss-Wright Corporation, valued at approximately $224,000, during the 1st quarter, as reported in a recent 13F filing.
• Several institutional investors have increased their stakes in Curtiss-Wright, with Vanguard Group holding 3,634,028 shares worth around $1.29 billion after a recent purchase.
• Curtiss-Wright Corporation reported a quarterly EPS of $2.82, surpassing analyst estimates and showing a 13.0% revenue increase year-over-year, alongside a recent dividend increase from $0.21 to $0.24 per share.

Oak Thistle LLC acquired a new position in Curtiss-Wright Corporation (NYSE:CW - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 706 shares of the aerospace company's stock, valued at approximately $224,000.

A number of other large investors have also added to or reduced their stakes in CW. Virtu Financial LLC bought a new stake in Curtiss-Wright in the fourth quarter worth $229,000. LPL Financial LLC increased its position in Curtiss-Wright by 65.7% in the fourth quarter. LPL Financial LLC now owns 25,069 shares of the aerospace company's stock worth $8,896,000 after purchasing an additional 9,939 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Curtiss-Wright by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 3,634,028 shares of the aerospace company's stock worth $1,289,608,000 after buying an additional 15,890 shares during the last quarter. Modern Wealth Management LLC bought a new stake in shares of Curtiss-Wright in the 4th quarter worth about $299,000. Finally, Signature Estate & Investment Advisors LLC bought a new stake in shares of Curtiss-Wright in the 4th quarter worth about $205,000. Institutional investors own 82.71% of the company's stock.

Insider Activity

In other news, VP John C. Watts sold 450 shares of Curtiss-Wright 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 in the company, valued at approximately $2,228,376.24. This trade represents a 8.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Bruce D. Hoechner sold 1,900 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were 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 in the company, valued at approximately $2,026,304. The trade was a 29.58% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,130 shares of company stock worth $2,726,412. Corporate insiders own 0.55% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CW shares. Stifel Nicolaus boosted their price objective on Curtiss-Wright from $365.00 to $450.00 and gave the stock a "hold" rating in a research note on Monday, July 21st. Wall Street Zen raised Curtiss-Wright from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 12th. 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 research report on Thursday, July 17th. Robert W. Baird boosted their price objective 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. Finally, Citigroup upped their price target on shares of Curtiss-Wright from $525.00 to $568.00 and gave the company a "buy" rating in a report on Monday, July 14th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $467.14.

Curtiss-Wright Stock Down 0.3%

Shares of CW traded down $1.39 during midday trading on Tuesday, reaching $489.24. 25,436 shares of the stock were exchanged, compared to its average volume of 308,575. Curtiss-Wright Corporation has a 52 week low of $258.85 and a 52 week high of $495.00. The company has a current ratio of 1.89, a quick ratio of 1.28 and a debt-to-equity ratio of 0.37. The company's 50 day moving average is $467.06 and its two-hundred day moving average is $383.24. The company has a market capitalization of $18.42 billion, a P/E ratio of 43.56, a PEG ratio of 3.06 and a beta of 1.15.

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

Curtiss-Wright Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 7th. Stockholders 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 is an increase from Curtiss-Wright's previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.20%. Curtiss-Wright's dividend payout ratio (DPR) is currently 8.54%.

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.