Grove Bank & Trust Makes New Investment in Curtiss-Wright Corporation $CW

Grove Bank & Trust purchased a new position in shares of Curtiss-Wright Corporation (NYSE:CW) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,002 shares of the aerospace company’s stock, valued at approximately $1,104,000.

A number of other large investors also recently modified their holdings of CW. Clearstead Advisors LLC grew its position in Curtiss-Wright by 1.6% during the 3rd quarter. Clearstead Advisors LLC now owns 1,067 shares of the aerospace company’s stock worth $579,000 after acquiring an additional 17 shares during the last quarter. Miracle Mile Advisors LLC raised its position in Curtiss-Wright by 1.8% in the third quarter. Miracle Mile Advisors LLC now owns 1,020 shares of the aerospace company’s stock valued at $554,000 after purchasing an additional 18 shares during the last quarter. Huntington National Bank boosted its stake in shares of Curtiss-Wright by 9.5% during the third quarter. Huntington National Bank now owns 208 shares of the aerospace company’s stock valued at $113,000 after purchasing an additional 18 shares in the last quarter. Larson Financial Group LLC boosted its stake in shares of Curtiss-Wright by 53.8% during the third quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 21 shares in the last quarter. Finally, IFP Advisors Inc grew its holdings in shares of Curtiss-Wright by 3.5% during the third quarter. IFP Advisors Inc now owns 683 shares of the aerospace company’s stock worth $372,000 after purchasing an additional 23 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CW has been the subject of a number of research reports. Stifel Nicolaus raised their price objective on shares of Curtiss-Wright from $625.00 to $650.00 and gave the company a “hold” rating in a report on Friday, February 13th. Citigroup boosted their target price on shares of Curtiss-Wright from $661.00 to $718.00 and gave the stock a “neutral” rating in a report on Friday, February 13th. Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a research report on Monday, December 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $748.00 price target on shares of Curtiss-Wright in a report on Tuesday, February 17th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $760.00 price objective on shares of Curtiss-Wright in a research note on Friday, February 13th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Curtiss-Wright has an average rating of “Moderate Buy” and an average price target of $663.17.

Curtiss-Wright Stock Performance

Shares of CW stock opened at $671.17 on Friday. The stock has a market capitalization of $24.75 billion, a PE ratio of 52.15, a PEG ratio of 3.27 and a beta of 0.91. The business’s 50 day simple moving average is $673.13 and its 200 day simple moving average is $592.41. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.44 and a quick ratio of 1.00. Curtiss-Wright Corporation has a one year low of $266.88 and a one year high of $730.12.

Curtiss-Wright (NYSE:CW) last released its earnings results on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share for the quarter, beating analysts’ consensus estimates of $3.66 by $0.13. Curtiss-Wright had a net margin of 13.84% and a return on equity of 19.28%. The business had revenue of $946.98 million during the quarter, compared to the consensus estimate of $890.14 million. During the same quarter in the prior year, the firm posted $3.27 EPS. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. As a group, research analysts forecast that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Thursday, March 26th will be given a dividend of $0.24 per share. The ex-dividend date is Thursday, March 26th. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. Curtiss-Wright’s dividend payout ratio is 7.46%.

Insider Buying and Selling at Curtiss-Wright

In related news, VP Gary A. Ogilby sold 625 shares of the business’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $624.32, for a total value of $390,200.00. Following the transaction, the vice president owned 2,571 shares in the company, valued at $1,605,126.72. The trade was a 19.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lynn M. Bamford sold 9,327 shares of the company’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $626.45, for a total transaction of $5,842,899.15. Following the sale, the chief executive officer directly owned 46,192 shares in the company, valued at $28,936,978.40. This trade represents a 16.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 23,230 shares of company stock valued at $14,836,377 over the last three months. 0.55% of the stock is currently owned by corporate insiders.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.