Wealth Enhancement Advisory Services LLC Increases Stake in Curtiss-Wright Corporation (NYSE:CW)

Wealth Enhancement Advisory Services LLC increased its position in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 9.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,928 shares of the aerospace company's stock after buying an additional 575 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Curtiss-Wright were worth $2,198,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Ieq Capital LLC bought a new stake in Curtiss-Wright during the fourth quarter valued at about $284,000. Y Intercept Hong Kong Ltd bought a new stake in Curtiss-Wright during the fourth quarter valued at about $593,000. IFP Advisors Inc boosted its position in Curtiss-Wright by 8.9% during the fourth quarter. IFP Advisors Inc now owns 749 shares of the aerospace company's stock valued at $266,000 after purchasing an additional 61 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Curtiss-Wright during the fourth quarter valued at about $15,637,000. Finally, QRG Capital Management Inc. bought a new stake in Curtiss-Wright during the fourth quarter valued at about $237,000. Hedge funds and other institutional investors own 82.71% of the company's stock.

Curtiss-Wright Stock Performance

Shares of Curtiss-Wright stock opened at $487.73 on Friday. Curtiss-Wright Corporation has a 52 week low of $258.85 and a 52 week high of $487.70. The business's fifty day simple moving average is $416.70 and its 200-day simple moving average is $364.57. The firm has a market cap of $18.37 billion, a PE ratio of 43.39, a price-to-earnings-growth ratio of 3.20 and a beta of 1.14. The company has a quick ratio of 1.28, a current ratio of 1.89 and a debt-to-equity ratio of 0.37.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $2.82 EPS for the quarter, beating the consensus estimate of $2.39 by $0.43. The business had revenue of $805.65 million for the quarter, compared to analyst estimates of $767.32 million. Curtiss-Wright had a return on equity of 18.02% and a net margin of 13.38%. The company's quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.99 EPS. Equities 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 declared a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Monday, June 16th will be given a $0.24 dividend. The ex-dividend date is Monday, June 16th. This represents a $0.96 dividend on an annualized basis and a yield of 0.20%. This is a positive change from Curtiss-Wright's previous quarterly dividend of $0.21. Curtiss-Wright's dividend payout ratio (DPR) is currently 8.54%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Citigroup raised 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. 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 report on Thursday, May 22nd. Stifel Nicolaus lowered their price target on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating for the company in a report on Monday, April 14th. Wall Street Zen downgraded Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 24th. Finally, Truist Financial lowered their price target on Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating for the company in a report on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $418.00.

Insider Buying and Selling at Curtiss-Wright

In related news, CFO K Christopher Farkas sold 4,780 shares of the company's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $350.00, for a total value of $1,673,000.00. Following the completion of the sale, the chief financial officer now directly owns 9,253 shares of the company's stock, valued at $3,238,550. This represents a 34.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bruce D. Hoechner sold 1,900 shares of the firm's stock in a transaction that occurred on 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 sale, the director now directly owns 4,523 shares of the company's stock, valued at $2,026,304. This represents a 29.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,130 shares of company stock valued at $2,726,412 in the last quarter. Corporate insiders own 0.55% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.