Vest Financial LLC Takes Position in Curtiss-Wright Co. (NYSE:CW)

Vest Financial LLC bought a new position in Curtiss-Wright Co. (NYSE:CW) in the first quarter, according to its most recent filing with the SEC. The firm bought 7,636 shares of the aerospace company’s stock, valued at approximately $2,423,000.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Curtiss-Wright by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 3,634,028 shares of the aerospace company’s stock worth $1,289,608,000 after buying an additional 15,890 shares during the last quarter. Invesco Ltd. increased its position in shares of Curtiss-Wright by 6.4% in the 4th quarter. Invesco Ltd. now owns 1,417,445 shares of the aerospace company’s stock valued at $503,009,000 after acquiring an additional 84,635 shares during the period. TD Asset Management Inc. raised its stake in Curtiss-Wright by 16.2% in the 4th quarter. TD Asset Management Inc. now owns 766,413 shares of the aerospace company’s stock worth $271,977,000 after acquiring an additional 107,115 shares during the last quarter. Geode Capital Management LLC lifted its position in Curtiss-Wright by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 743,934 shares of the aerospace company’s stock worth $264,071,000 after acquiring an additional 12,086 shares during the period. Finally, Alliancebernstein L.P. grew its stake in Curtiss-Wright by 1.2% during the 4th quarter. Alliancebernstein L.P. now owns 592,326 shares of the aerospace company’s stock valued at $210,199,000 after purchasing an additional 6,971 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Curtiss-Wright

In related news, insider Paul J. Ferdenzi sold 658 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $325.68, for a total value of $214,297.44. Following the completion of the transaction, the insider now directly owns 19,239 shares of the company’s stock, valued at approximately $6,265,757.52. This represents a 3.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 sale, the director now directly owns 4,523 shares in the company, valued at approximately $2,026,304. This trade represents a 29.58% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,992 shares of company stock valued at $4,634,519. 0.55% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CW. Citigroup reduced their price objective 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. Wall Street Zen lowered shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 24th. Truist Financial decreased their price objective on shares of Curtiss-Wright from $357.00 to $338.00 and set a “hold” rating for the company in a research note on Thursday, April 17th. Robert W. Baird increased their price objective on shares of Curtiss-Wright from $432.00 to $500.00 and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. Finally, Stifel Nicolaus decreased their target price on shares of Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating for the company in a research report on Monday, April 14th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Curtiss-Wright currently has an average rating of “Moderate Buy” and an average price target of $404.29.

Curtiss-Wright Stock Up 1.0%

CW opened at $453.36 on Friday. The company has a fifty day moving average of $368.49 and a two-hundred day moving average of $354.24. The stock has a market capitalization of $17.07 billion, a price-to-earnings ratio of 42.97, a PEG ratio of 2.48 and a beta of 1.14. Curtiss-Wright Co. has a fifty-two week low of $258.85 and a fifty-two week high of $455.22. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share for the quarter, topping 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 company had revenue of $805.65 million during the quarter, compared to analysts’ expectations of $767.32 million. During the same quarter in the prior year, the firm posted $1.99 EPS. Curtiss-Wright’s quarterly revenue was up 13.0% compared to the same quarter last year. On average, research analysts expect that Curtiss-Wright Co. will post 12.32 earnings per share for the current year.

Curtiss-Wright Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Monday, June 16th will be given a dividend of $0.24 per share. This is a positive change from Curtiss-Wright’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.21%. Curtiss-Wright’s dividend payout ratio (DPR) 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.