State of Alaska Department of Revenue Buys 1,080 Shares of Curtiss-Wright Corporation (NYSE:CW)

State of Alaska Department of Revenue lifted its position in Curtiss-Wright Corporation (NYSE:CW - Free Report) by 3.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 31,482 shares of the aerospace company's stock after buying an additional 1,080 shares during the quarter. State of Alaska Department of Revenue owned about 0.08% of Curtiss-Wright worth $9,988,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC grew its position in Curtiss-Wright by 1,566.7% in 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 in the last quarter. Minot DeBlois Advisors LLC acquired a new stake in shares of Curtiss-Wright in the 4th quarter valued at $35,000. Ancora Advisors LLC bought a new stake in Curtiss-Wright in the fourth quarter worth $49,000. MassMutual Private Wealth & Trust FSB increased its position 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 worth $63,000 after buying an additional 124 shares during the last quarter. Finally, Altshuler Shaham Ltd acquired a new position in Curtiss-Wright during the fourth quarter worth $70,000. Institutional investors and hedge funds own 82.71% of the company's stock.

Analyst Ratings Changes

CW has been the subject of several recent analyst reports. Citigroup upped their price target on Curtiss-Wright from $444.00 to $520.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. Wall Street Zen lowered Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 24th. Stifel Nicolaus lowered their price target on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Robert W. Baird lifted their price target on shares of Curtiss-Wright from $432.00 to $500.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Finally, 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. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $418.00.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, VP John C. Watts sold 450 shares of the business's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $449.36, for a total value of $202,212.00. Following 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Bruce D. Hoechner sold 1,900 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at $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. Over the last 90 days, insiders sold 7,130 shares of company stock worth $2,726,412. Company insiders own 0.55% of the company's stock.

Curtiss-Wright Stock Performance

Shares of CW stock traded down $8.56 during trading hours on Thursday, reaching $462.89. 562,373 shares of the company's stock were exchanged, compared to its average volume of 283,626. Curtiss-Wright Corporation has a fifty-two week low of $258.85 and a fifty-two week high of $479.91. The company has a quick ratio of 1.28, a current ratio of 1.89 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $17.43 billion, a P/E ratio of 41.18, a P/E/G ratio of 3.09 and a beta of 1.14. The business has a fifty day moving average price of $394.66 and a 200-day moving average price of $359.65.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its 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 net margin of 13.38% and a return on equity of 18.02%. The business had revenue of $805.65 million for the quarter, compared to analyst estimates of $767.32 million. During the same quarter in the previous year, the firm posted $1.99 earnings per share. Curtiss-Wright's revenue was up 13.0% compared to the same quarter last year. Analysts predict 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. Stockholders of record on Monday, June 16th will be given a dividend of $0.24 per share. The ex-dividend date 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 is currently 8.54%.

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.