955 Shares in Curtiss-Wright Corporation (NYSE:CW) Purchased by HB Wealth Management LLC

HB Wealth Management LLC bought a new stake in Curtiss-Wright Corporation (NYSE:CW) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 955 shares of the aerospace company’s stock, valued at approximately $303,000.

A number of other large investors also recently modified their holdings of CW. Whipplewood Advisors LLC lifted its position in shares of Curtiss-Wright by 1,566.7% in the 1st quarter. Whipplewood Advisors LLC now owns 100 shares of the aerospace company’s stock worth $32,000 after acquiring an additional 94 shares during the period. Minot DeBlois Advisors LLC bought a new position in Curtiss-Wright in the fourth quarter worth $35,000. Private Trust Co. NA boosted its stake in Curtiss-Wright by 13,800.0% during the first quarter. Private Trust Co. NA now owns 139 shares of the aerospace company’s stock worth $44,000 after buying an additional 138 shares in the last quarter. Ancora Advisors LLC bought a new stake in Curtiss-Wright in the 4th quarter valued at $49,000. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of Curtiss-Wright by 165.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the aerospace company’s stock valued at $63,000 after buying an additional 124 shares in the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on CW shares. Robert W. Baird lifted their target price on shares of Curtiss-Wright from $432.00 to $500.00 and gave the company an “outperform” rating in a research report on Thursday, May 22nd. Morgan Stanley lifted their price objective on Curtiss-Wright from $405.00 to $550.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. Wall Street Zen cut Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Saturday. Citigroup boosted their price target on Curtiss-Wright from $525.00 to $568.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Finally, Truist Financial lowered their price target on Curtiss-Wright from $356.00 to $338.00 and set a “hold” rating on the stock in a research report on Friday, July 11th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $467.14.

Insider Activity

In other news, VP John C. Watts sold 450 shares of the company’s 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 directly owned 4,959 shares in the company, valued at approximately $2,228,376.24. This represents a 8.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Bruce D. Hoechner sold 1,900 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $448.00, for a total transaction of $851,200.00. Following the completion of the transaction, the director owned 4,523 shares of the company’s stock, valued at $2,026,304. This trade represents a 29.58% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.55% of the company’s stock.

Curtiss-Wright Stock Up 0.7%

Shares of CW opened at $493.77 on Friday. The company has a market capitalization of $18.60 billion, a P/E ratio of 43.93, a PEG ratio of 3.10 and a beta of 1.18. Curtiss-Wright Corporation has a one year low of $258.85 and a one year high of $499.30. The business’s 50 day simple moving average is $472.92 and its 200-day simple moving average is $386.84. 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) last posted its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.39 by $0.43. The company had revenue of $805.65 million for the quarter, compared to analyst estimates of $767.32 million. Curtiss-Wright had a return on equity of 18.02% and a net margin of 13.38%. The business’s revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.99 earnings per share. As a group, sell-side analysts predict that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 7th. Shareholders of record on Monday, June 16th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.2%. The ex-dividend date was Monday, June 16th. This is a boost from Curtiss-Wright’s previous quarterly dividend of $0.21. Curtiss-Wright’s dividend payout ratio is 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.