Curtiss-Wright Corporation (NYSE:CW) Shares Bought by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 5.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,912 shares of the aerospace company's stock after acquiring an additional 1,329 shares during the period. Whittier Trust Co. of Nevada Inc. owned about 0.07% of Curtiss-Wright worth $8,538,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Independent Advisor Alliance boosted its holdings in Curtiss-Wright by 13.6% in the 4th quarter. Independent Advisor Alliance now owns 934 shares of the aerospace company's stock worth $331,000 after buying an additional 112 shares during the period. Great Lakes Advisors LLC bought a new position in Curtiss-Wright in the 4th quarter worth $520,000. Avantax Advisory Services Inc. boosted its holdings in Curtiss-Wright by 40.3% in the 4th quarter. Avantax Advisory Services Inc. now owns 1,882 shares of the aerospace company's stock worth $668,000 after buying an additional 541 shares during the period. Swiss National Bank boosted its holdings in Curtiss-Wright by 0.7% in the 4th quarter. Swiss National Bank now owns 75,300 shares of the aerospace company's stock worth $26,722,000 after buying an additional 500 shares during the period. Finally, Commonwealth Equity Services LLC boosted its holdings in Curtiss-Wright by 37.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 21,851 shares of the aerospace company's stock worth $7,754,000 after buying an additional 5,976 shares during the period. Institutional investors own 82.71% of the company's stock.

Curtiss-Wright Trading Up 0.6%

Curtiss-Wright stock traded up $2.76 during midday trading on Friday, reaching $486.86. The stock had a trading volume of 133,897 shares, compared to its average volume of 288,086. 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 Corporation has a 52-week low of $258.85 and a 52-week high of $493.95. The firm has a market cap of $18.33 billion, a price-to-earnings ratio of 43.31, a price-to-earnings-growth ratio of 3.04 and a beta of 1.15. The company has a fifty day moving average of $455.61 and a 200 day moving average of $376.50.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its earnings results on Wednesday, May 7th. The aerospace company reported $2.82 EPS for the quarter, topping analysts' consensus estimates 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 net margin of 13.38% and a return on equity of 18.02%. The company's quarterly revenue was up 13.0% compared to the same quarter last year. During the same period last year, the company posted $1.99 earnings per share. On average, analysts anticipate that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Increases Dividend

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

Insider Activity

In other news, Director Bruce D. Hoechner sold 1,900 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were 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 approximately $2,026,304. This trade 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 accessible through this link. Also, VP John C. Watts sold 450 shares of the stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $449.36, for a total transaction of $202,212.00. Following the transaction, the vice president owned 4,959 shares in the company, valued at approximately $2,228,376.24. This represents a 8.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,130 shares of company stock worth $2,726,412. Corporate insiders own 0.55% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Wall Street Zen raised shares of Curtiss-Wright from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 12th. Truist Financial dropped their target price on shares of Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating for the company in a report on Friday, July 11th. Citigroup upped their target price on shares of Curtiss-Wright from $525.00 to $568.00 and gave the stock a "buy" rating in a report on Monday. Morgan Stanley upped their target price on shares of Curtiss-Wright from $405.00 to $550.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, Stifel Nicolaus decreased their price target on shares of Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong 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 $447.00.

Curtiss-Wright 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.