Peak Financial Advisors LLC Invests $508,000 in Curtiss-Wright Corporation $CW

Key Points

• Peak Financial Advisors LLC has invested $508,000 in Curtiss-Wright Corporation, purchasing 1,039 shares during the second quarter.
• Insider John C. Watts sold 1,110 shares for over $533,000, marking a significant decrease in his ownership position by 22.32%.
• Analysts have set a consensus rating of "Moderate Buy" for Curtiss-Wright, with an average price target of $468.14.

Peak Financial Advisors LLC bought a new stake in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 1,039 shares of the aerospace company's stock, valued at approximately $508,000.

Other hedge funds have also modified their holdings of the company. Whipplewood Advisors LLC raised its holdings in shares of Curtiss-Wright by 1,566.7% during the 1st 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. 1 North Wealth Services LLC purchased a new stake in shares of Curtiss-Wright during the 1st quarter valued at about $32,000. Private Trust Co. NA raised its holdings in shares of Curtiss-Wright by 13,800.0% during the 1st quarter. Private Trust Co. NA now owns 139 shares of the aerospace company's stock valued at $44,000 after buying an additional 138 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Curtiss-Wright by 165.3% during the 1st 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, Tsfg LLC raised its holdings in shares of Curtiss-Wright by 112.7% during the 1st quarter. Tsfg LLC now owns 217 shares of the aerospace company's stock valued at $69,000 after buying an additional 115 shares during the period. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Curtiss-Wright

In other news, VP John C. Watts sold 1,110 shares of Curtiss-Wright stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $480.50, for a total value of $533,355.00. Following the completion of the transaction, the vice president owned 3,863 shares in the company, valued at approximately $1,856,171.50. This trade represents a 22.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.55% of the company's stock.

Wall Street Analyst Weigh In

CW has been the topic of several analyst reports. Citigroup raised their target price on Curtiss-Wright from $525.00 to $568.00 and gave the company a "buy" rating in a report on Monday, July 14th. Stifel Nicolaus raised their price objective on Curtiss-Wright from $450.00 to $457.00 and gave the company a "hold" rating in a research note on Friday, August 8th. Morgan Stanley raised their price objective on Curtiss-Wright from $405.00 to $550.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Robert W. Baird raised their price objective on Curtiss-Wright from $432.00 to $500.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Finally, Truist Financial lowered their price objective on Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating for the company in a research note on Friday, July 11th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Curtiss-Wright has a consensus rating of "Moderate Buy" and an average price target of $468.14.

Curtiss-Wright Price Performance

Shares of CW opened at $509.88 on Friday. The firm has a market cap of $19.21 billion, a price-to-earnings ratio of 43.03, a PEG ratio of 3.13 and a beta of 1.15. The stock has a 50 day moving average of $486.75 and a 200-day moving average of $416.56. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.35. Curtiss-Wright Corporation has a 52 week low of $266.88 and a 52 week high of $517.09.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its earnings results on Wednesday, August 6th. The aerospace company reported $3.23 EPS for the quarter, topping the consensus estimate of $3.13 by $0.10. The company had revenue of $876.58 million during the quarter, compared to analyst estimates of $855.10 million. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%.The business's revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.67 EPS. As a group, analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be given a $0.24 dividend. The ex-dividend date is Friday, September 26th. This represents a $0.96 annualized dividend and a dividend yield of 0.2%. Curtiss-Wright's dividend payout ratio (DPR) is presently 8.10%.

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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