Curtiss-Wright Corporation $CW Position Increased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its holdings in Curtiss-Wright Corporation (NYSE:CW) by 17.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 6,666 shares of the aerospace company’s stock after buying an additional 997 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Curtiss-Wright were worth $4,540,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pictet Asset Management Holding SA boosted its stake in Curtiss-Wright by 165.1% in the first quarter. Pictet Asset Management Holding SA now owns 14,922 shares of the aerospace company’s stock valued at $10,164,000 after acquiring an additional 9,293 shares during the period. ABN AMRO Bank N.V. raised its position in shares of Curtiss-Wright by 23.5% during the 1st quarter. ABN AMRO Bank N.V. now owns 8,669 shares of the aerospace company’s stock worth $5,940,000 after purchasing an additional 1,651 shares during the period. Creative Capital Management Investments LLC bought a new stake in shares of Curtiss-Wright in the 1st quarter worth approximately $204,000. Venturi Wealth Management LLC acquired a new position in Curtiss-Wright during the 1st quarter valued at approximately $292,000. Finally, Louisiana State Employees Retirement System acquired a new position in Curtiss-Wright during the 1st quarter valued at approximately $7,288,000. 82.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP John C. Watts sold 220 shares of Curtiss-Wright stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $752.91, for a total transaction of $165,640.20. Following the transaction, the executive vice president directly owned 3,962 shares in the company, valued at approximately $2,983,029.42. This trade represents a 5.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lynn M. Bamford sold 2,500 shares of the business’s stock in a transaction on 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 completion of the sale, the chief executive officer directly owned 48,134 shares in the company, valued at $34,739,270.48. This represents a 4.94% decrease in their position. 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 have sold a total of 3,119 shares of company stock valued at $2,257,998 over the last quarter. Corporate insiders own 0.51% of the company’s stock.

Curtiss-Wright Price Performance

Shares of CW opened at $758.94 on Monday. The firm has a market capitalization of $28.04 billion, a price-to-earnings ratio of 55.60, a price-to-earnings-growth ratio of 3.52 and a beta of 0.86. 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 Corporation has a one year low of $463.00 and a one year high of $800.00. The stock’s fifty day moving average is $740.28 and its 200-day moving average is $687.71.

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 the consensus estimate of $3.32 by $0.16. The business had revenue of $913.69 million during the quarter, compared to the consensus estimate of $863.83 million. Curtiss-Wright had a net margin of 14.17% and a return on equity of 20.00%. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.82 earnings per share. Equities analysts anticipate that Curtiss-Wright Corporation will post 15.17 EPS for the current year.

Curtiss-Wright Dividend Announcement

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 paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Monday, June 15th. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.62%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Weiss Ratings lowered Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday. Citigroup upped their price target on shares of Curtiss-Wright from $775.00 to $793.00 and gave the stock a “neutral” rating in a research report on Wednesday. Robert W. Baird set a $870.00 price objective on shares of Curtiss-Wright in a research report on Friday, May 8th. Finally, Stifel Nicolaus set a $724.00 target price on shares of Curtiss-Wright in a research note 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 stock has an average rating of “Moderate Buy” and an average price target of $749.67.

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.