650 Shares in Curtiss-Wright Corporation (NYSE:CW) Purchased by Mission Wealth Management LP

Mission Wealth Management LP bought a new position in shares of Curtiss-Wright Corporation (NYSE:CW) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 650 shares of the aerospace company’s stock, valued at approximately $206,000.

A number of other hedge funds also recently bought and sold shares of the business. Ritholtz Wealth Management boosted its position in Curtiss-Wright by 7.6% during the first quarter. Ritholtz Wealth Management now owns 4,012 shares of the aerospace company’s stock worth $1,273,000 after purchasing an additional 284 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Curtiss-Wright by 9.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,928 shares of the aerospace company’s stock worth $2,198,000 after purchasing an additional 575 shares in the last quarter. Fifth Third Bancorp boosted its position in Curtiss-Wright by 8.1% during the first quarter. Fifth Third Bancorp now owns 934 shares of the aerospace company’s stock worth $296,000 after purchasing an additional 70 shares in the last quarter. SG Americas Securities LLC boosted its position in Curtiss-Wright by 616.8% during the first quarter. SG Americas Securities LLC now owns 2,473 shares of the aerospace company’s stock worth $785,000 after purchasing an additional 2,128 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in Curtiss-Wright by 41.8% during the first quarter. GAMMA Investing LLC now owns 818 shares of the aerospace company’s stock worth $260,000 after purchasing an additional 241 shares in the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Analyst Ratings Changes

CW has been the topic of several research reports. Truist Financial decreased their target price on Curtiss-Wright from $357.00 to $338.00 and set a “hold” rating on the stock in a research report on Thursday, April 17th. Citigroup raised their target price on Curtiss-Wright from $444.00 to $520.00 and gave the company a “buy” rating in a research report on Monday, June 9th. Stifel Nicolaus decreased their target price on Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating on the stock in a research report on Monday, April 14th. Wall Street Zen downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 24th. Finally, Robert W. Baird raised their target price on 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 issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $418.00.

Insider Activity

In related news, CFO K Christopher Farkas sold 4,780 shares of Curtiss-Wright stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $350.00, for a total value of $1,673,000.00. Following the completion of the transaction, the chief financial officer now directly owns 9,253 shares in the company, valued at approximately $3,238,550. This trade represents a 34.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value of $202,212.00. Following the completion of the transaction, the vice president now owns 4,959 shares of the company’s stock, valued at approximately $2,228,376.24. This trade represents a 8.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,130 shares of company stock valued at $2,726,412. 0.55% of the stock is currently owned by corporate insiders.

Curtiss-Wright Price Performance

CW stock opened at $462.89 on Friday. The business has a fifty day moving average of $397.64 and a two-hundred day moving average of $360.30. The company has a quick ratio of 1.28, a current ratio of 1.89 and a debt-to-equity ratio of 0.37. The stock has a market cap of $17.43 billion, a price-to-earnings ratio of 41.18, a price-to-earnings-growth ratio of 3.03 and a beta of 1.14. Curtiss-Wright Corporation has a 52-week low of $258.85 and a 52-week high of $479.91.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.39 by $0.43. Curtiss-Wright had a return on equity of 18.02% and a net margin of 13.38%. The business had revenue of $805.65 million during the quarter, compared to analysts’ expectations of $767.32 million. During the same period in the previous year, the firm posted $1.99 earnings per share. The company’s revenue was up 13.0% on a year-over-year basis. As a group, research analysts anticipate that Curtiss-Wright Corporation will post 12.32 earnings per share for the current year.

Curtiss-Wright Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Monday, June 16th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Monday, June 16th. This is a boost from Curtiss-Wright’s previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.21%. Curtiss-Wright’s payout ratio is presently 8.54%.

About Curtiss-Wright

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.