First Trust Direct Indexing L.P. Buys Shares of 813 Curtiss-Wright Co. (NYSE:CW)

First Trust Direct Indexing L.P. bought a new stake in shares of Curtiss-Wright Co. (NYSE:CWFree Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 813 shares of the aerospace company’s stock, valued at approximately $208,000.

Several other large investors have also recently bought and sold shares of CW. Contravisory Investment Management Inc. acquired a new position in shares of Curtiss-Wright in the fourth quarter worth about $25,000. Creekmur Asset Management LLC acquired a new position in shares of Curtiss-Wright in the fourth quarter worth about $32,000. Venturi Wealth Management LLC boosted its holdings in shares of Curtiss-Wright by 53.6% in the fourth quarter. Venturi Wealth Management LLC now owns 149 shares of the aerospace company’s stock worth $33,000 after buying an additional 52 shares during the period. Sachetta LLC acquired a new position in shares of Curtiss-Wright in the fourth quarter worth about $45,000. Finally, GAMMA Investing LLC acquired a new position in shares of Curtiss-Wright in the fourth quarter worth about $57,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on CW. Morgan Stanley raised their price target on shares of Curtiss-Wright from $284.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, May 23rd. StockNews.com upgraded shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 5th. Stifel Nicolaus raised their price target on shares of Curtiss-Wright from $293.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, May 22nd. Robert W. Baird raised their price target on shares of Curtiss-Wright from $246.00 to $300.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Finally, Truist Financial raised their price target on shares of Curtiss-Wright from $252.00 to $270.00 and gave the stock a “hold” rating in a report on Wednesday, May 22nd. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Curtiss-Wright presently has a consensus rating of “Buy” and an average price target of $302.50.

Read Our Latest Stock Report on Curtiss-Wright

Insiders Place Their Bets

In other news, Director S Marce Fuller sold 5,300 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $281.04, for a total value of $1,489,512.00. Following the sale, the director now owns 25,770 shares in the company, valued at approximately $7,242,400.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director S Marce Fuller sold 5,300 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $281.04, for a total transaction of $1,489,512.00. Following the transaction, the director now owns 25,770 shares in the company, valued at approximately $7,242,400.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Kevin Rayment sold 8,415 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $281.67, for a total transaction of $2,370,253.05. Following the transaction, the chief operating officer now owns 19,914 shares in the company, valued at approximately $5,609,176.38. The disclosure for this sale can be found here. Insiders have acquired 120 shares of company stock worth $27,914 over the last 90 days. Corporate insiders own 0.55% of the company’s stock.

Curtiss-Wright Price Performance

NYSE CW opened at $274.29 on Wednesday. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $10.51 billion, a PE ratio of 28.25 and a beta of 1.18. The company has a 50 day moving average price of $274.68 and a two-hundred day moving average price of $250.22. Curtiss-Wright Co. has a 12-month low of $184.08 and a 12-month high of $286.65.

Curtiss-Wright (NYSE:CWGet Free Report) last released its quarterly earnings results on Wednesday, May 1st. The aerospace company reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.24. Curtiss-Wright had a net margin of 12.78% and a return on equity of 16.79%. The company had revenue of $713.17 million for the quarter, compared to analyst estimates of $664.01 million. During the same quarter last year, the firm posted $1.53 earnings per share. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. As a group, equities analysts predict that Curtiss-Wright Co. will post 10.27 earnings per share for the current fiscal year.

Curtiss-Wright Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Monday, June 17th were paid a dividend of $0.21 per share. The ex-dividend date was Monday, June 17th. This represents a $0.84 dividend on an annualized basis and a yield of 0.31%. This is an increase from Curtiss-Wright’s previous quarterly dividend of $0.20. Curtiss-Wright’s payout ratio is currently 8.65%.

Curtiss-Wright Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding CW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Curtiss-Wright Co. (NYSE:CWFree Report).

Institutional Ownership by Quarter for Curtiss-Wright (NYSE:CW)

Receive News & Ratings for Curtiss-Wright Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Curtiss-Wright and related companies with MarketBeat.com's FREE daily email newsletter.