Blair William & Co. IL Buys 45,457 Shares of Curtiss-Wright Corporation (NYSE:CW)

Blair William & Co. IL increased its stake in Curtiss-Wright Corporation (NYSE:CW) by 53.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,787 shares of the aerospace company’s stock after buying an additional 45,457 shares during the period. Blair William & Co. IL owned 0.35% of Curtiss-Wright worth $41,495,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Manchester Capital Management LLC grew its stake in shares of Curtiss-Wright by 19.7% in the 1st quarter. Manchester Capital Management LLC now owns 710 shares of the aerospace company’s stock worth $225,000 after buying an additional 117 shares during the last quarter. Bank of Nova Scotia grew its stake in shares of Curtiss-Wright by 2,460.9% in the 1st quarter. Bank of Nova Scotia now owns 91,500 shares of the aerospace company’s stock worth $29,030,000 after buying an additional 87,927 shares during the last quarter. R Squared Ltd bought a new stake in shares of Curtiss-Wright during the first quarter valued at approximately $333,000. PNC Financial Services Group Inc. increased its position in shares of Curtiss-Wright by 47.1% during the first quarter. PNC Financial Services Group Inc. now owns 8,641 shares of the aerospace company’s stock valued at $2,742,000 after acquiring an additional 2,766 shares in the last quarter. Finally, IFG Advisory LLC increased its position in shares of Curtiss-Wright by 21.6% during the first quarter. IFG Advisory LLC now owns 759 shares of the aerospace company’s stock valued at $241,000 after acquiring an additional 135 shares in the last quarter. 82.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CW has been the subject of several analyst reports. Citigroup raised their price target on shares of Curtiss-Wright from $525.00 to $568.00 and gave the company a “buy” rating in a research report on Monday, July 14th. Stifel Nicolaus raised their price target on shares of Curtiss-Wright from $365.00 to $450.00 and gave the company a “hold” rating in a research report on Monday, July 21st. Truist Financial reduced their price target on shares of Curtiss-Wright from $356.00 to $338.00 and set a “hold” rating for the company in a research report on Friday, July 11th. Wall Street Zen downgraded shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, Robert W. Baird raised their price target 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. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $467.14.

Insider Buying and Selling at Curtiss-Wright

In other news, VP John C. Watts sold 450 shares of Curtiss-Wright stock in a transaction 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 owned 4,959 shares in the company, valued at $2,228,376.24. This trade represents a 8.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Bruce D. Hoechner sold 1,900 shares of Curtiss-Wright stock in a transaction 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 transaction, the director owned 4,523 shares in the company, valued at $2,026,304. This 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 Trading Up 0.7%

Shares of CW stock opened at $493.77 on Monday. Curtiss-Wright Corporation has a 12-month low of $258.85 and a 12-month high of $499.30. The company has a current ratio of 1.89, a quick ratio of 1.28 and a debt-to-equity ratio of 0.37. The firm’s 50 day moving average is $472.92 and its 200 day moving average is $386.98. The stock has a market capitalization of $18.60 billion, a P/E ratio of 43.93, a P/E/G ratio of 3.10 and a beta of 1.18.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.39 by $0.43. Curtiss-Wright had a net margin of 13.38% and a return on equity of 18.02%. The company had revenue of $805.65 million for the quarter, compared to analysts’ expectations of $767.32 million. During the same quarter last year, the company posted $1.99 earnings per share. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. Research analysts expect 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. Stockholders of record on Monday, June 16th were paid a dividend of $0.24 per share. The ex-dividend date was Monday, June 16th. This represents a $0.96 annualized dividend and a dividend yield of 0.2%. 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.