World Investment Advisors Invests $288,000 in Curtiss-Wright Corporation (NYSE:CW)

World Investment Advisors purchased a new stake in Curtiss-Wright Corporation (NYSE:CW - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 906 shares of the aerospace company's stock, valued at approximately $288,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in Curtiss-Wright by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 3,634,028 shares of the aerospace company's stock worth $1,289,608,000 after acquiring an additional 15,890 shares during the period. Invesco Ltd. boosted its position in Curtiss-Wright by 6.4% during the 4th quarter. Invesco Ltd. now owns 1,417,445 shares of the aerospace company's stock worth $503,009,000 after acquiring an additional 84,635 shares during the period. TD Asset Management Inc. boosted its position in Curtiss-Wright by 16.2% during the 4th quarter. TD Asset Management Inc. now owns 766,413 shares of the aerospace company's stock worth $271,977,000 after acquiring an additional 107,115 shares during the period. Geode Capital Management LLC boosted its position in Curtiss-Wright by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 743,934 shares of the aerospace company's stock worth $264,071,000 after acquiring an additional 12,086 shares during the period. Finally, Alliancebernstein L.P. boosted its position in Curtiss-Wright by 1.2% during the 4th quarter. Alliancebernstein L.P. now owns 592,326 shares of the aerospace company's stock worth $210,199,000 after acquiring an additional 6,971 shares during the period. Institutional investors and hedge funds own 82.71% of the company's stock.

Insiders Place Their Bets

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 stock was sold at an average price of $449.36, for a total value of $202,212.00. Following the transaction, the vice president directly owned 4,959 shares of the company's stock, valued at $2,228,376.24. The trade was a 8.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Bruce D. Hoechner sold 1,900 shares of Curtiss-Wright stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $448.00, for a total value of $851,200.00. Following the completion of the transaction, the director directly owned 4,523 shares in the company, valued at approximately $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 a total of 7,130 shares of company stock valued at $2,726,412 in the last three months. Company insiders own 0.55% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Robert W. Baird lifted their price target on Curtiss-Wright from $432.00 to $500.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Citigroup lifted their price target on Curtiss-Wright from $444.00 to $520.00 and gave the company a "buy" rating in a report on Monday, June 9th. Truist Financial reduced their price target on Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating for the company in a report on Friday. Wall Street Zen upgraded Curtiss-Wright from a "buy" rating to a "strong-buy" rating in a report on Saturday. Finally, Stifel Nicolaus reduced 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. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Curtiss-Wright currently has a consensus rating of "Moderate Buy" and a consensus price target of $418.00.

Curtiss-Wright Stock Performance

Shares of CW stock traded down $1.01 during trading on Friday, reaching $473.48. The company had a trading volume of 352,668 shares, compared to its average volume of 289,136. The firm's 50 day simple moving average is $446.23 and its two-hundred day simple moving average is $373.18. 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 Corporation has a one year low of $258.85 and a one year high of $493.95. The company has a market capitalization of $17.83 billion, a PE ratio of 42.12, a PEG ratio of 2.99 and a beta of 1.15.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $2.82 EPS for the quarter, topping the consensus estimate of $2.39 by $0.43. The company had revenue of $805.65 million for the quarter, compared to the consensus estimate of $767.32 million. Curtiss-Wright had a return on equity of 18.02% and a net margin of 13.38%. The company's revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.99 EPS. Sell-side analysts forecast that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Increases Dividend

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

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.