Sumitomo Mitsui Trust Group Inc. Purchases 38,464 Shares of Curtiss-Wright Corporation $CW

Sumitomo Mitsui Trust Group Inc. lifted its position in Curtiss-Wright Corporation (NYSE:CW) by 23.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 203,487 shares of the aerospace company’s stock after purchasing an additional 38,464 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Curtiss-Wright were worth $138,599,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Cary Street Partners Investment Advisory LLC acquired a new position in Curtiss-Wright in the 4th quarter valued at $31,000. Larson Financial Group LLC lifted its position in Curtiss-Wright by 53.8% during the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 21 shares during the last quarter. Transamerica Financial Advisors LLC lifted its position in Curtiss-Wright by 25.9% during the 4th quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock worth $40,000 after acquiring an additional 15 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Curtiss-Wright during the fourth quarter valued at about $42,000. Finally, Elyxium Wealth LLC bought a new stake in Curtiss-Wright during the fourth quarter valued at about $43,000. 82.71% of the stock is owned by institutional investors.

Curtiss-Wright Stock Down 0.0%

Shares of CW opened at $760.54 on Friday. Curtiss-Wright Corporation has a 52 week low of $463.00 and a 52 week high of $808.16. The firm has a market capitalization of $28.09 billion, a P/E ratio of 55.72, a P/E/G ratio of 3.52 and a beta of 0.86. The company has a 50-day simple moving average of $744.52 and a 200-day simple moving average of $694.08. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 1.52.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Thursday, May 7th. The aerospace company reported $3.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.32 by $0.16. Curtiss-Wright had a return on equity of 20.00% and a net margin of 14.17%.The firm had revenue of $913.69 million for the quarter, compared to analyst estimates of $863.83 million. During the same period in the previous year, the company posted $2.82 earnings per share. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. On average, equities research analysts expect that Curtiss-Wright Corporation will post 15.18 earnings per share for the current year.

Curtiss-Wright Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, June 15th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Monday, June 15th. Curtiss-Wright’s dividend payout ratio (DPR) is 7.62%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Robert W. Baird set a $870.00 price objective on Curtiss-Wright in a research note on Friday, May 8th. Citigroup increased their target price on Curtiss-Wright from $775.00 to $793.00 and gave the company a “neutral” rating in a research note on Wednesday, July 1st. Weiss Ratings lowered Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 2nd. Finally, Stifel Nicolaus set a $724.00 price target on Curtiss-Wright in a research report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $749.67.

Insiders Place Their Bets

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 2,500 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $721.72, for a total value of $1,804,300.00. Following the sale, the chief executive officer owned 48,134 shares of the company’s stock, valued at $34,739,270.48. The trade was a 4.94% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Gary A. Ogilby sold 399 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $721.95, for a total transaction of $288,058.05. Following the transaction, the vice president directly owned 2,172 shares of the company’s stock, valued at $1,568,075.40. The trade was a 15.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 3,119 shares of company stock worth $2,257,998 over the last 90 days. Corporate insiders own 0.51% of the company’s stock.

About Curtiss-Wright

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.