Sowell Financial Services LLC Acquires Shares of 758 Curtiss-Wright Corporation (NYSE:CW)

Sowell Financial Services LLC bought a new position in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 758 shares of the aerospace company's stock, valued at approximately $240,000.

A number of other large investors have also modified their holdings of the business. Whipplewood Advisors LLC grew its holdings 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 acquiring an additional 94 shares during the period. Minot DeBlois Advisors LLC acquired a new stake in Curtiss-Wright in the fourth quarter valued at $35,000. Ancora Advisors LLC purchased a new stake in shares of Curtiss-Wright during the 4th quarter worth $49,000. MassMutual Private Wealth & Trust FSB grew its stake 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 worth $63,000 after purchasing an additional 124 shares during the period. Finally, Altshuler Shaham Ltd purchased a new position in shares of Curtiss-Wright in the 4th quarter valued at about $70,000. 82.71% of the stock is owned by hedge funds and other institutional investors.

Curtiss-Wright Stock Up 0.7%

Shares of NYSE CW opened at $465.84 on Monday. The firm's 50-day moving average is $400.61 and its two-hundred day moving average is $360.69. The company has a market capitalization of $17.54 billion, a PE ratio of 41.45, a price-to-earnings-growth ratio of 3.06 and a beta of 1.13. Curtiss-Wright Corporation has a 12-month low of $258.85 and a 12-month high of $479.91. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.89 and a quick ratio of 1.28.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its quarterly earnings data 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 return on equity of 18.02% and a net margin of 13.38%. The firm had revenue of $805.65 million during the quarter, compared to the consensus estimate of $767.32 million. During the same period in the previous year, the firm posted $1.99 EPS. The company's quarterly revenue was up 13.0% compared to the same quarter last year. Equities analysts anticipate that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Monday, June 16th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.21%. This is a positive change from Curtiss-Wright's previous quarterly dividend of $0.21. Curtiss-Wright's dividend payout ratio (DPR) is presently 8.54%.

Insider Buying and Selling

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 completion of the sale, the vice president now owns 4,959 shares of the company's stock, valued at $2,228,376.24. The trade was a 8.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO K Christopher Farkas sold 4,780 shares of the company's 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 completion of the transaction, the chief financial officer now owns 9,253 shares of the company's stock, valued at $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. In the last quarter, insiders sold 7,130 shares of company stock worth $2,726,412. 0.55% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.

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