750 Shares in Curtiss-Wright Corporation (NYSE:CW) Acquired by WoodTrust Financial Corp

WoodTrust Financial Corp purchased a new position in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 750 shares of the aerospace company's stock, valued at approximately $238,000.

A number of other hedge funds have also bought and sold shares of the business. Whipplewood Advisors LLC raised its stake in shares of Curtiss-Wright by 1,566.7% in the first quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company's stock valued at $32,000 after buying an additional 94 shares during the period. Minot DeBlois Advisors LLC purchased a new stake in Curtiss-Wright in the 4th quarter worth about $35,000. Ancora Advisors LLC purchased a new stake in Curtiss-Wright in the 4th quarter worth about $49,000. MassMutual Private Wealth & Trust FSB increased its holdings in Curtiss-Wright by 165.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the aerospace company's stock worth $63,000 after acquiring an additional 124 shares during the last quarter. Finally, Altshuler Shaham Ltd purchased a new stake in Curtiss-Wright in the 4th quarter worth about $70,000. 82.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Wall Street Zen lowered Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 24th. Robert W. Baird lifted their price objective on Curtiss-Wright from $432.00 to $500.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Citigroup increased their target price on Curtiss-Wright from $444.00 to $520.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. Truist Financial reduced their price objective on shares of Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. Finally, Stifel Nicolaus reduced their price objective on shares of Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating for the company in a research note on Monday, April 14th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $418.00.

Insider Buying and Selling

In other Curtiss-Wright news, VP John C. Watts sold 450 shares of Curtiss-Wright 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 now directly owns 4,959 shares of the company's stock, valued at approximately $2,228,376.24. This trade represents a 8.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO K Christopher Farkas sold 4,780 shares of Curtiss-Wright stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $350.00, for a total transaction of $1,673,000.00. Following the transaction, the chief financial officer now directly owns 9,253 shares in the company, valued at $3,238,550. This trade represents a 34.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,130 shares of company stock worth $2,726,412. Corporate insiders own 0.55% of the company's stock.

Curtiss-Wright Price Performance

Shares of NYSE:CW traded up $4.95 on Friday, hitting $487.73. The company's stock had a trading volume of 399,308 shares, compared to its average volume of 288,468. The company has a 50-day simple moving average of $416.70 and a 200 day simple moving average of $364.62. Curtiss-Wright Corporation has a 1 year low of $258.85 and a 1 year high of $487.70. The company has a market capitalization of $18.37 billion, a PE ratio of 43.39, a PEG ratio of 3.17 and a beta of 1.14. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.89 and a quick ratio of 1.28.

Curtiss-Wright (NYSE:CW - Get Free Report) last released 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. Curtiss-Wright had a return on equity of 18.02% and a net margin of 13.38%. The firm had revenue of $805.65 million for the quarter, compared to analysts' expectations of $767.32 million. During the same quarter last year, the firm posted $1.99 EPS. The company's revenue was up 13.0% compared to the same quarter last year. Sell-side analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Monday, June 16th will be given a $0.24 dividend. The ex-dividend date of this dividend is Monday, June 16th. This is a positive change from Curtiss-Wright's previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a yield of 0.20%. Curtiss-Wright's payout ratio is 8.54%.

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.