ABN AMRO Bank N.V. Increases Position in Curtiss-Wright Corporation $CW

ABN AMRO Bank N.V. grew its holdings in shares of Curtiss-Wright Corporation (NYSE:CW) by 23.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,669 shares of the aerospace company’s stock after buying an additional 1,651 shares during the quarter. ABN AMRO Bank N.V.’s holdings in Curtiss-Wright were worth $5,940,000 at the end of the most recent reporting period.

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

Curtiss-Wright Stock Performance

Shares of CW stock opened at $747.45 on Friday. Curtiss-Wright Corporation has a 12-month low of $463.00 and a 12-month high of $800.00. The business’s fifty day simple moving average is $737.23 and its 200-day simple moving average is $679.65. 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 company has a market cap of $27.61 billion, a PE ratio of 54.76, a PEG ratio of 3.46 and a beta of 0.85.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Thursday, May 7th. The aerospace company reported $3.48 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $863.83 million. During the same quarter last year, the firm earned $2.82 EPS. The business’s quarterly revenue was up 13.4% on a year-over-year basis. Analysts expect that Curtiss-Wright Corporation will post 15.17 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 15th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Monday, June 15th. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.62%.

Insider Transactions at Curtiss-Wright

In other news, CEO Lynn M. Bamford sold 2,500 shares of the business’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $721.72, for a total transaction of $1,804,300.00. Following the sale, the chief executive officer owned 48,134 shares in the company, valued at approximately $34,739,270.48. The trade was a 4.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Gary A. Ogilby sold 399 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $721.95, for a total transaction of $288,058.05. Following the transaction, the vice president owned 2,172 shares in the company, valued at approximately $1,568,075.40. This trade represents a 15.52% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 3,119 shares of company stock worth $2,257,998. Insiders own 0.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CW shares. Robert W. Baird set a $870.00 target price on shares of Curtiss-Wright in a research note on Friday, May 8th. Stifel Nicolaus set a $724.00 target price on shares of Curtiss-Wright in a research report on Friday, May 8th. Citigroup lifted their price target on shares of Curtiss-Wright from $728.00 to $775.00 and gave the company a “neutral” rating in a research note on Monday, May 18th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a report on Wednesday, May 13th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and a consensus target price of $746.67.

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.