Vest Financial LLC Makes New Investment in Curtiss-Wright Co. (NYSE:CW)

Vest Financial LLC acquired a new stake in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 7,636 shares of the aerospace company's stock, valued at approximately $2,423,000.

A number of other hedge funds also recently made changes to their positions in the business. Minot DeBlois Advisors LLC purchased a new position in shares of Curtiss-Wright during the fourth quarter worth about $35,000. Whipplewood Advisors LLC grew its stake 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 purchasing an additional 94 shares during the period. Ancora Advisors LLC bought a new position in shares of Curtiss-Wright during the fourth quarter valued at $49,000. Altshuler Shaham Ltd bought a new position in shares of Curtiss-Wright during the fourth quarter valued at $70,000. Finally, MassMutual Private Wealth & Trust FSB boosted its position in shares of Curtiss-Wright by 165.3% during the first 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 last quarter. 82.71% of the stock is currently owned by institutional investors.

Curtiss-Wright Stock Up 1.0%

NYSE:CW traded up $4.38 during trading hours on Monday, hitting $456.90. 61,338 shares of the stock traded hands, compared to its average volume of 277,413. Curtiss-Wright Co. has a fifty-two week low of $258.85 and a fifty-two week high of $460.19. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. The firm has a market cap of $17.21 billion, a price-to-earnings ratio of 43.62, a PEG ratio of 2.48 and a beta of 1.14. The firm has a 50 day moving average price of $368.49 and a 200 day moving average price of $354.15.

Curtiss-Wright (NYSE:CW - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share for the quarter, beating analysts' consensus estimates of $2.39 by $0.43. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. The company had revenue of $805.65 million for the quarter, compared to the consensus estimate of $767.32 million. During the same period in the previous year, the business earned $1.99 earnings per share. The company's quarterly revenue was up 13.0% on a year-over-year basis. Equities research analysts anticipate that Curtiss-Wright Co. will post 12.32 earnings per share for the current year.

Curtiss-Wright Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Monday, June 16th will be issued a $0.24 dividend. This is a boost from Curtiss-Wright's previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a yield of 0.21%. The ex-dividend date is Monday, June 16th. Curtiss-Wright's dividend payout ratio is currently 8.54%.

Insider Transactions at Curtiss-Wright

In other news, insider Paul J. Ferdenzi sold 658 shares of the firm's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $325.68, for a total transaction of $214,297.44. Following the sale, the insider now owns 19,239 shares in the company, valued at approximately $6,265,757.52. This trade represents a 3.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP George P. Mcdonald sold 148 shares of the business's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total transaction of $48,160.68. Following the completion of the transaction, the vice president now owns 1,899 shares in the company, valued at $617,953.59. The trade was a 7.23% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,992 shares of company stock valued at $4,634,519. 0.55% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Truist Financial decreased their target price on Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. Stifel Nicolaus decreased their price target 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. Wall Street Zen lowered Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 24th. Citigroup dropped their target price on Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, Robert W. Baird raised 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 research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Curtiss-Wright presently has a consensus rating of "Moderate Buy" and an average target price of $404.29.

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.