Curtiss-Wright Corporation $CW Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its holdings in shares of Curtiss-Wright Corporation (NYSE:CW) by 17.6% in the first quarter, HoldingsChannel reports. The institutional investor owned 6,666 shares of the aerospace company’s stock after purchasing an additional 997 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Curtiss-Wright were worth $4,540,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC acquired a new position in shares of Curtiss-Wright in the 4th quarter worth $31,000. Larson Financial Group LLC lifted its holdings 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 during the last quarter. Transamerica Financial Advisors LLC boosted its position in shares of Curtiss-Wright by 25.9% in the 4th quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock valued at $40,000 after purchasing an additional 15 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in Curtiss-Wright in the 4th quarter worth about $42,000. Finally, Elyxium Wealth LLC acquired a new stake in Curtiss-Wright during the 4th quarter worth about $43,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Trading Down 0.2%

Shares of NYSE CW opened at $758.94 on Monday. Curtiss-Wright Corporation has a one year low of $463.00 and a one year high of $800.00. The firm has a market capitalization of $28.04 billion, a PE ratio of 55.60, a PEG ratio of 3.52 and a beta of 0.86. The company has a current ratio of 1.52, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. The business has a 50-day moving average price of $740.28 and a two-hundred day moving average price of $687.71.

Curtiss-Wright (NYSE:CW) last released its earnings results on Thursday, May 7th. The aerospace company reported $3.48 earnings per share for the quarter, beating the consensus estimate of $3.32 by $0.16. The company had revenue of $913.69 million for the quarter, compared to analysts’ expectations of $863.83 million. Curtiss-Wright had a return on equity of 20.00% and a net margin of 14.17%.The business’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.82 EPS. As a group, analysts predict that Curtiss-Wright Corporation will post 15.17 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 15th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.96 dividend on an annualized basis and a yield of 0.1%. Curtiss-Wright’s payout ratio is presently 7.62%.

Insider Buying and Selling at Curtiss-Wright

In other news, EVP John C. Watts sold 220 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $752.91, for a total value of $165,640.20. Following the transaction, the executive vice president directly owned 3,962 shares of the company’s stock, valued at approximately $2,983,029.42. This represents a 5.26% decrease in their ownership of the stock. The transaction was disclosed in a legal 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 stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $721.95, for a total value of $288,058.05. Following the sale, the vice president owned 2,172 shares of the company’s stock, valued at approximately $1,568,075.40. This represents 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. In the last quarter, insiders have sold 3,119 shares of company stock worth $2,257,998. 0.51% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on CW. Stifel Nicolaus set a $724.00 target price on shares of Curtiss-Wright in a report on Friday, May 8th. Weiss Ratings lowered shares of Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. Robert W. Baird set a $870.00 price target on shares of Curtiss-Wright in a research report on Friday, May 8th. Finally, Citigroup lifted their price objective on shares of Curtiss-Wright from $775.00 to $793.00 and gave the stock a “neutral” rating in a research report on Wednesday. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Curtiss-Wright has a consensus rating of “Moderate Buy” and an average price target of $749.67.

Curtiss-Wright 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.