96,847 Shares in Curtiss-Wright Co. (NYSE:CW) Bought by Point72 Asset Management L.P.

Point72 Asset Management L.P. acquired a new position in shares of Curtiss-Wright Co. (NYSE:CW - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 96,847 shares of the aerospace company's stock, valued at approximately $34,368,000. Point72 Asset Management L.P. owned 0.26% of Curtiss-Wright at the end of the most recent quarter.

Several other large investors have also modified their holdings of CW. YANKCOM Partnership bought a new stake in Curtiss-Wright during the 4th quarter valued at approximately $31,000. Minot DeBlois Advisors LLC bought a new stake in Curtiss-Wright during the 4th quarter valued at approximately $35,000. Ancora Advisors LLC bought a new stake in Curtiss-Wright during the 4th quarter valued at approximately $49,000. UMB Bank n.a. boosted its stake in Curtiss-Wright by 61.0% during the 4th quarter. UMB Bank n.a. now owns 169 shares of the aerospace company's stock valued at $60,000 after purchasing an additional 64 shares during the period. Finally, Altshuler Shaham Ltd bought a new stake in Curtiss-Wright during the 4th quarter valued at approximately $70,000. 82.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CW. Citigroup decreased their target price on Curtiss-Wright from $450.00 to $424.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Truist Financial reduced their price objective on Curtiss-Wright from $357.00 to $338.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. Wall Street Zen upgraded Curtiss-Wright from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, May 13th. Stifel Nicolaus reduced their price objective on Curtiss-Wright from $331.00 to $309.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Finally, Robert W. Baird increased their price objective on shares of Curtiss-Wright from $432.00 to $500.00 and gave the company an "outperform" rating in a research note on Thursday. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $404.29.

Insiders Place Their Bets

In other news, CFO K Christopher Farkas sold 4,780 shares of Curtiss-Wright stock in a transaction on 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 approximately $3,238,550. This trade represents a 34.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP George P. Mcdonald sold 148 shares of Curtiss-Wright stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total value of $48,160.68. Following the completion of the sale, the vice president now directly owns 1,899 shares of the company's stock, valued at $617,953.59. This trade represents a 7.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,642 shares of company stock valued at $3,581,107 in the last 90 days. 0.55% of the stock is currently owned by insiders.

Curtiss-Wright Price Performance

CW stock traded up $2.85 during midday trading on Thursday, reaching $418.28. 57,966 shares of the company's stock traded hands, compared to its average volume of 270,762. The company has a 50-day simple moving average of $341.20 and a two-hundred day simple moving average of $348.47. Curtiss-Wright Co. has a 1-year low of $258.85 and a 1-year high of $423.77. The company has a market cap of $15.75 billion, a price-to-earnings ratio of 39.65, a PEG ratio of 2.48 and a beta of 1.04. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39.

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 analysts' consensus estimates of $2.39 by $0.43. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. The firm had revenue of $805.65 million during the quarter, compared to analysts' expectations of $767.32 million. During the same period last year, the firm posted $1.99 EPS. The business's revenue was up 13.0% on a year-over-year basis. On average, analysts anticipate that Curtiss-Wright Co. will post 12.32 earnings per share for the current year.

Curtiss-Wright Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.96 dividend on an annualized basis and a yield of 0.23%. This is a positive change from Curtiss-Wright's previous quarterly dividend of $0.21. Curtiss-Wright's dividend payout ratio is currently 8.54%.

Curtiss-Wright Company 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.