Wealth Enhancement Advisory Services LLC Grows Position in Curtiss-Wright Corporation (NYSE:CW)

Wealth Enhancement Advisory Services LLC grew its position in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 9.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,928 shares of the aerospace company's stock after buying an additional 575 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Curtiss-Wright were worth $2,198,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in CW. Minot DeBlois Advisors LLC purchased a new position in shares of Curtiss-Wright in the fourth quarter worth $35,000. Whipplewood Advisors LLC increased its holdings in Curtiss-Wright by 1,566.7% in the 1st quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company's stock worth $32,000 after buying an additional 94 shares in the last quarter. Ancora Advisors LLC purchased a new position in Curtiss-Wright in the 4th quarter worth about $49,000. Altshuler Shaham Ltd bought a new position in Curtiss-Wright during the 4th quarter valued at about $70,000. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings 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 valued at $63,000 after acquiring an additional 124 shares during the last quarter. Institutional investors own 82.71% of the company's stock.

Curtiss-Wright Trading Down 0.1%

Shares of CW stock traded down $0.35 on Wednesday, hitting $476.29. 113,360 shares of the stock traded hands, compared to its average volume of 286,802. 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 twelve month low of $258.85 and a twelve month high of $490.71. The firm's 50-day moving average price is $423.21 and its two-hundred day moving average price is $366.19. The stock has a market capitalization of $17.94 billion, a PE ratio of 42.42, a PEG ratio of 3.20 and a beta of 1.15.

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, 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 net margin of 13.38% and a return on equity of 18.02%. The business's revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.99 EPS. As a group, analysts anticipate that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Monday, June 16th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.20%. This is an increase from Curtiss-Wright's previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 16th. Curtiss-Wright's dividend payout ratio (DPR) is presently 8.54%.

Insider Activity at Curtiss-Wright

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 transaction of $851,200.00. Following the transaction, the director directly owned 4,523 shares in the company, valued at $2,026,304. This represents a 29.58% decrease in their ownership of the stock. The transaction 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 Curtiss-Wright stock in a transaction dated 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 directly owned 9,253 shares of the company's stock, valued at approximately $3,238,550. This represents a 34.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,130 shares of company stock worth $2,726,412. Company insiders own 0.55% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Citigroup boosted their price objective on shares of Curtiss-Wright from $444.00 to $520.00 and gave the company a "buy" rating in a report on Monday, June 9th. 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 raised their price target on Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Wall Street Zen cut Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 24th. Finally, 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. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Curtiss-Wright presently has an average rating of "Moderate Buy" and a consensus price target 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.