Whittier Trust Co. Purchases 1,321 Shares of Curtiss-Wright Corporation $CW

Key Points

• Whittier Trust Co. increased its stake in Curtiss-Wright Corporation by 2.2% during the second quarter, acquiring an additional 1,321 shares, bringing its total ownership to 61,793 shares valued at approximately $30.2 million.
• Wall Street analysts have shown a positive outlook for Curtiss-Wright, with price targets raised by several firms, including Deutsche Bank and Morgan Stanley, reflecting a consensus rating of "Moderate Buy" and an average price target of $526.00.
• The company recently announced a quarterly dividend of $0.24 per share, reflecting an annualized dividend yield of 0.2% and a low payout ratio of 8.1%.

Whittier Trust Co. grew its position in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 2.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 61,793 shares of the aerospace company's stock after buying an additional 1,321 shares during the quarter. Whittier Trust Co. owned 0.16% of Curtiss-Wright worth $30,188,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. 1 North Wealth Services LLC bought a new stake in shares of Curtiss-Wright in the 1st quarter worth approximately $32,000. West Oak Capital LLC bought a new stake in shares of Curtiss-Wright in the 2nd quarter worth approximately $49,000. Private Trust Co. NA raised its holdings in shares of Curtiss-Wright by 13,800.0% in the 1st quarter. Private Trust Co. NA now owns 139 shares of the aerospace company's stock worth $44,000 after purchasing an additional 138 shares during the period. Tsfg LLC raised its holdings in shares of Curtiss-Wright by 112.7% in the 1st quarter. Tsfg LLC now owns 217 shares of the aerospace company's stock worth $69,000 after purchasing an additional 115 shares during the period. Finally, Flaharty Asset Management LLC bought a new stake in shares of Curtiss-Wright in the 1st quarter worth approximately $69,000. Institutional investors own 82.71% of the company's stock.

Wall Street Analyst Weigh In

CW has been the topic of a number of research reports. Truist Financial lifted their price target on shares of Curtiss-Wright from $463.00 to $525.00 and gave the stock a "hold" rating in a report on Wednesday, October 15th. Stifel Nicolaus lifted their price target on shares of Curtiss-Wright from $457.00 to $502.00 and gave the stock a "hold" rating in a report on Monday. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $625.00 price objective on shares of Curtiss-Wright in a research note on Wednesday, October 8th. Morgan Stanley lifted their price objective on shares of Curtiss-Wright from $405.00 to $550.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Finally, Wall Street Zen lowered shares of Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $526.00.

Curtiss-Wright Stock Up 3.0%

Curtiss-Wright stock opened at $561.72 on Tuesday. The firm has a 50 day simple moving average of $512.23 and a 200 day simple moving average of $456.49. The firm has a market capitalization of $21.17 billion, a price-to-earnings ratio of 47.40, a P/E/G ratio of 3.09 and a beta of 1.14. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.35. Curtiss-Wright Corporation has a 1-year low of $266.88 and a 1-year high of $575.07.

Curtiss-Wright (NYSE:CW - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The aerospace company reported $3.23 EPS for the quarter, beating analysts' consensus estimates of $3.13 by $0.10. The firm had revenue of $876.58 million during the quarter, compared to analyst estimates of $855.10 million. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. The business's revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.67 EPS. On average, analysts predict that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Friday, September 26th. Curtiss-Wright's payout ratio is 8.10%.

Insider Activity at Curtiss-Wright

In other news, VP John C. Watts sold 1,110 shares of the business's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $480.50, for a total transaction of $533,355.00. Following the completion of the transaction, the vice president directly owned 3,863 shares in the company, valued at $1,856,171.50. The trade was a 22.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.55% of the stock is owned by company insiders.

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.

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