SG Americas Securities LLC Purchases 2,128 Shares of Curtiss-Wright Corporation (NYSE:CW)

SG Americas Securities LLC lifted its holdings in Curtiss-Wright Corporation (NYSE:CW - Free Report) by 616.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,473 shares of the aerospace company's stock after purchasing an additional 2,128 shares during the period. SG Americas Securities LLC's holdings in Curtiss-Wright were worth $785,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In other Curtiss-Wright news, Director Bruce D. Hoechner sold 1,900 shares of the company'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 now directly owns 4,523 shares in the company, valued at $2,026,304. This represents a 29.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO K Christopher Farkas sold 4,780 shares of Curtiss-Wright stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $350.00, for a total value of $1,673,000.00. Following the transaction, the chief financial officer now directly owns 9,253 shares of the company's stock, valued at approximately $3,238,550. The trade was a 34.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,130 shares of company stock valued at $2,726,412 over the last quarter. Corporate insiders own 0.55% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Wall Street Zen downgraded Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 24th. Truist Financial lowered their target price on Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. Robert W. Baird lifted their price target on Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Citigroup increased their price objective on Curtiss-Wright from $444.00 to $520.00 and gave the company a "buy" rating in a research report on Monday, June 9th. Finally, Stifel Nicolaus lowered their price objective 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 research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $418.00.

Curtiss-Wright Stock Performance

Shares of NYSE:CW traded up $3.03 during trading on Friday, hitting $465.84. 1,226,082 shares of the stock were exchanged, compared to its average volume of 287,381. The company has a market capitalization of $17.54 billion, a price-to-earnings ratio of 41.45, a price-to-earnings-growth ratio of 3.03 and a beta of 1.14. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.28 and a current ratio of 1.89. Curtiss-Wright Corporation has a 1-year low of $258.85 and a 1-year high of $479.91. The company's fifty day simple moving average is $397.64 and its 200-day simple moving average is $360.30.

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 for the quarter, topping analysts' consensus estimates of $2.39 by $0.43. The firm had revenue of $805.65 million for the quarter, compared to the consensus estimate of $767.32 million. Curtiss-Wright had a net margin of 13.38% and a return on equity of 18.02%. The business's revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.99 earnings per share. Sell-side analysts expect that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Increases Dividend

The firm 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. This represents a $0.96 annualized dividend and a yield of 0.21%. The ex-dividend date is Monday, June 16th. This is a positive change from Curtiss-Wright's previous quarterly dividend of $0.21. Curtiss-Wright's dividend payout ratio is 8.54%.

Curtiss-Wright Company 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.