Sumitomo Mitsui Trust Group Inc. Boosts Position in Curtiss-Wright Corporation (NYSE:CW)

Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 0.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 183,623 shares of the aerospace company's stock after buying an additional 1,371 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.49% of Curtiss-Wright worth $58,258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. lifted its holdings in Curtiss-Wright by 0.9% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,319 shares of the aerospace company's stock valued at $1,178,000 after purchasing an additional 29 shares in the last quarter. Harbour Investments Inc. lifted its holdings in Curtiss-Wright by 10.6% in the 4th quarter. Harbour Investments Inc. now owns 312 shares of the aerospace company's stock valued at $111,000 after purchasing an additional 30 shares in the last quarter. Cornerstone Investment Partners LLC lifted its holdings in Curtiss-Wright by 3.6% in the 4th quarter. Cornerstone Investment Partners LLC now owns 918 shares of the aerospace company's stock valued at $326,000 after purchasing an additional 32 shares in the last quarter. Ascent Group LLC lifted its holdings in Curtiss-Wright by 4.9% in the 4th quarter. Ascent Group LLC now owns 713 shares of the aerospace company's stock valued at $253,000 after purchasing an additional 33 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its holdings in Curtiss-Wright by 1.6% in the 4th quarter. Baird Financial Group Inc. now owns 2,122 shares of the aerospace company's stock valued at $753,000 after purchasing an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 82.71% of the company's stock.

Analysts Set New Price Targets

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

Insider Activity

In other news, VP John C. Watts sold 450 shares of Curtiss-Wright stock in a transaction dated 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 transaction, the vice president owned 4,959 shares in the company, valued at approximately $2,228,376.24. This trade represents a 8.32% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Bruce D. Hoechner sold 1,900 shares of Curtiss-Wright stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $448.00, for a total value of $851,200.00. Following the completion of the transaction, the director owned 4,523 shares of the company's stock, valued at $2,026,304. The trade was a 29.58% decrease in their position. 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 currently owned by company insiders.

Curtiss-Wright Trading Down 2.4%

NYSE CW traded down $11.89 during trading on Tuesday, hitting $476.66. The stock had a trading volume of 321,488 shares, compared to its average volume of 287,133. The firm has a 50 day moving average price of $420.13 and a 200 day moving average price of $365.42. 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 company has a market capitalization of $17.95 billion, a PE ratio of 42.41, a PEG ratio of 3.20 and a beta of 1.13. Curtiss-Wright Corporation has a twelve month low of $258.85 and a twelve month high of $490.71.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.39 by $0.43. The business had revenue of $805.65 million during the quarter, compared to analysts' expectations of $767.32 million. Curtiss-Wright had a return on equity of 18.02% and a net margin of 13.38%. The business's quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.99 EPS. As a group, equities research analysts forecast that Curtiss-Wright Corporation will post 12.32 earnings per share for the current 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 paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.20%. The ex-dividend date of this dividend is Monday, June 16th. This is a boost from Curtiss-Wright's previous quarterly dividend of $0.21. Curtiss-Wright's dividend payout ratio (DPR) is presently 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.