Park Avenue Securities LLC Has $2.03 Million Stake in Curtiss-Wright Co. (NYSE:CW)

Park Avenue Securities LLC grew its holdings in Curtiss-Wright Co. (NYSE:CW - Free Report) by 13.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,392 shares of the aerospace company's stock after purchasing an additional 777 shares during the period. Park Avenue Securities LLC's holdings in Curtiss-Wright were worth $2,028,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Miracle Mile Advisors LLC acquired a new position in Curtiss-Wright during the first quarter valued at $342,000. UMB Bank n.a. increased its holdings in shares of Curtiss-Wright by 163.9% in the 1st quarter. UMB Bank n.a. now owns 446 shares of the aerospace company's stock valued at $142,000 after purchasing an additional 277 shares during the period. Radnor Capital Management LLC boosted its holdings in shares of Curtiss-Wright by 2.2% during the first quarter. Radnor Capital Management LLC now owns 7,582 shares of the aerospace company's stock worth $2,406,000 after purchasing an additional 165 shares during the period. Vest Financial LLC purchased a new position in Curtiss-Wright during the first quarter valued at approximately $2,423,000. Finally, Portside Wealth Group LLC increased its stake in Curtiss-Wright by 1.6% in the 1st quarter. Portside Wealth Group LLC now owns 2,144 shares of the aerospace company's stock valued at $680,000 after buying an additional 34 shares during the period. Institutional investors and hedge funds own 82.71% of the company's stock.

Curtiss-Wright Stock Up 0.2%

Shares of CW traded up $0.98 during trading hours on Thursday, hitting $472.69. 50,407 shares of the company were exchanged, compared to its average volume of 279,170. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69. The company has a market cap of $17.80 billion, a PE ratio of 44.80, a PEG ratio of 2.48 and a beta of 1.14. The firm's 50 day moving average is $378.00 and its 200-day moving average is $356.28. Curtiss-Wright Co. has a 52 week low of $258.85 and a 52 week high of $472.44.

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

Curtiss-Wright Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Monday, June 16th will be given a dividend of $0.24 per share. This is a positive change from Curtiss-Wright's previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 16th. This represents a $0.96 dividend on an annualized basis and a yield of 0.20%. Curtiss-Wright's payout ratio is currently 8.54%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CW shares. 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 note on Thursday, May 22nd. Citigroup boosted their target price on Curtiss-Wright from $444.00 to $520.00 and gave the company a "buy" rating in a research note on Monday. 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. Truist Financial reduced their price target on Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating for the company in a report on Thursday, April 17th. Finally, Wall Street Zen downgraded Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 24th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, Curtiss-Wright currently has an average rating of "Moderate Buy" and a consensus target price of $418.00.

Insider Buying and Selling at Curtiss-Wright

In other news, insider Paul J. Ferdenzi sold 658 shares of the firm's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $325.68, for a total value of $214,297.44. Following the sale, the insider now owns 19,239 shares in the company, valued at approximately $6,265,757.52. This trade represents a 3.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Bruce D. Hoechner sold 1,900 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $448.00, for a total transaction of $851,200.00. Following the transaction, the director now directly owns 4,523 shares in the company, valued at $2,026,304. This trade represents a 29.58% decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,992 shares of company stock worth $4,634,519 over the last ninety days. Company insiders own 0.55% of the company's stock.

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.