ABN Amro Investment Solutions Invests $1.42 Million in Curtiss-Wright Corporation $CW

ABN Amro Investment Solutions bought a new stake in shares of Curtiss-Wright Corporation (NYSE:CW) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,085 shares of the aerospace company’s stock, valued at approximately $1,420,000.

Several other institutional investors have also recently bought and sold shares of the business. PNC Financial Services Group Inc. lifted its holdings in Curtiss-Wright by 0.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,120 shares of the aerospace company’s stock worth $5,531,000 after buying an additional 58 shares during the period. Wilkerson Advisory Group LLC bought a new position in shares of Curtiss-Wright in the first quarter valued at $157,000. Earned Wealth Advisors LLC purchased a new position in shares of Curtiss-Wright during the first quarter valued at approximately $266,000. Meeder Advisory Services Inc. grew its position in Curtiss-Wright by 6.5% in the 1st quarter. Meeder Advisory Services Inc. now owns 1,448 shares of the aerospace company’s stock worth $986,000 after purchasing an additional 88 shares in the last quarter. Finally, Parallel Advisors LLC grew its stake in Curtiss-Wright by 10.5% in the 1st quarter. Parallel Advisors LLC now owns 305 shares of the aerospace company’s stock valued at $208,000 after purchasing an additional 29 shares during the period. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Trading Down 0.0%

Shares of CW stock opened at $749.68 on Friday. The stock has a market capitalization of $27.69 billion, a price-to-earnings ratio of 54.92, a price-to-earnings-growth ratio of 3.44 and a beta of 0.86. The stock’s 50-day moving average price is $745.86 and its 200-day moving average price is $706.41. The company has a current ratio of 1.52, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. Curtiss-Wright Corporation has a 12-month low of $464.91 and a 12-month high of $808.16.

Curtiss-Wright (NYSE:CW) last announced 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. Curtiss-Wright had a net margin of 14.17% and a return on equity of 20.00%. The business had revenue of $913.69 million for the quarter, compared to the consensus estimate of $863.83 million. During the same quarter in the prior year, the firm posted $2.82 earnings per share. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. Equities research analysts predict that Curtiss-Wright Corporation will post 15.22 EPS for the current fiscal year.

Curtiss-Wright Dividend Announcement

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

Insider Activity at Curtiss-Wright

In related news, EVP John C. Watts sold 220 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $752.91, for a total value of $165,640.20. Following the sale, the executive vice president owned 3,962 shares in the company, valued at $2,983,029.42. This represents a 5.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lynn M. Bamford sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $721.72, for a total value of $1,804,300.00. Following the sale, the chief executive officer directly owned 48,134 shares in the company, valued at approximately $34,739,270.48. This trade represents a 4.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 3,119 shares of company stock valued at $2,257,998 over the last 90 days. Insiders own 0.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CW shares. Weiss Ratings upgraded Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday. Morgan Stanley reissued an “overweight” rating and issued a $860.00 price target on shares of Curtiss-Wright in a research note on Wednesday, July 15th. Stifel Nicolaus upped their target price on Curtiss-Wright from $724.00 to $768.00 and gave the company a “hold” rating in a report on Monday. Citigroup raised their price objective on Curtiss-Wright from $775.00 to $793.00 and gave the company a “neutral” rating in a research report on Wednesday, July 1st. Finally, Robert W. Baird set a $870.00 price target on Curtiss-Wright in a research note on Friday, May 8th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $773.67.

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.