Pallas Capital Advisors LLC Acquires Shares of 731 Curtiss-Wright Co. (NYSE:CW)

Pallas Capital Advisors LLC purchased a new stake in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 731 shares of the aerospace company's stock, valued at approximately $232,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Whipplewood Advisors LLC increased its stake in shares of Curtiss-Wright by 1,566.7% during the first quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company's stock valued at $32,000 after buying an additional 94 shares during the period. Minot DeBlois Advisors LLC purchased a new stake in shares of Curtiss-Wright in the 4th quarter worth approximately $35,000. Ancora Advisors LLC bought a new position in shares of Curtiss-Wright during the fourth quarter valued at approximately $49,000. MassMutual Private Wealth & Trust FSB increased its holdings in Curtiss-Wright by 165.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the aerospace company's stock valued at $63,000 after buying an additional 124 shares during the period. Finally, Altshuler Shaham Ltd bought a new position in Curtiss-Wright in the fourth quarter worth approximately $70,000. Institutional investors own 82.71% of the company's stock.

Curtiss-Wright Stock Performance

Shares of NYSE:CW traded up $4.47 during trading on Monday, hitting $477.55. The stock had a trading volume of 186,982 shares, compared to its average volume of 280,384. The stock has a market capitalization of $17.98 billion, a price-to-earnings ratio of 45.20, a price-to-earnings-growth ratio of 2.48 and a beta of 1.14. Curtiss-Wright Co. has a 12-month low of $258.85 and a 12-month high of $479.45. The stock has a 50-day simple moving average of $385.35 and a two-hundred day simple moving average of $357.48. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.39 by $0.43. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. The firm had revenue of $805.65 million for the quarter, compared to analyst estimates of $767.32 million. During the same period in the previous year, the company posted $1.99 earnings per share. The business's revenue was up 13.0% on a year-over-year basis. On average, equities research analysts expect that Curtiss-Wright Co. will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Monday, June 16th will be given a $0.24 dividend. The ex-dividend date of this dividend is Monday, June 16th. This is a boost from Curtiss-Wright's previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a yield of 0.20%. Curtiss-Wright's payout ratio is 8.54%.

Insider Buying and Selling

In other news, VP George P. Mcdonald sold 148 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total transaction of $48,160.68. Following the transaction, the vice president now directly owns 1,899 shares in the company, valued at $617,953.59. This represents a 7.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Bruce D. Hoechner sold 1,900 shares of the business's stock in a transaction that occurred on 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 sale, the director now owns 4,523 shares of the company's stock, valued at approximately $2,026,304. The trade was a 29.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,992 shares of company stock worth $4,634,519 in the last 90 days. Company insiders own 0.55% of the company's stock.

Analysts Set New Price Targets

CW has been the topic of several recent research reports. Stifel Nicolaus dropped their target price on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Citigroup boosted their target price on shares of Curtiss-Wright from $444.00 to $520.00 and gave the stock a "buy" rating in a report on Monday, June 9th. Robert W. Baird raised their price target on shares of Curtiss-Wright from $432.00 to $500.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Truist Financial reduced their price objective on shares of Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. Finally, Wall Street Zen downgraded shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 24th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $418.00.

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.