Curtiss-Wright Corporation $CW Shares Bought by AMG National Trust Bank

AMG National Trust Bank boosted its stake in shares of Curtiss-Wright Corporation (NYSE:CW) by 100.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,336 shares of the aerospace company’s stock after purchasing an additional 1,168 shares during the period. AMG National Trust Bank’s holdings in Curtiss-Wright were worth $1,591,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. State Street Corp raised its stake in Curtiss-Wright by 1.2% in the 3rd quarter. State Street Corp now owns 1,436,161 shares of the aerospace company’s stock worth $780,091,000 after acquiring an additional 16,962 shares during the last quarter. Invesco Ltd. raised its stake in shares of Curtiss-Wright by 7.9% in the fourth quarter. Invesco Ltd. now owns 1,217,608 shares of the aerospace company’s stock worth $671,231,000 after purchasing an additional 88,688 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Curtiss-Wright by 6.0% during the fourth quarter. Geode Capital Management LLC now owns 841,788 shares of the aerospace company’s stock worth $464,130,000 after purchasing an additional 47,287 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Curtiss-Wright by 5.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 768,260 shares of the aerospace company’s stock valued at $423,519,000 after acquiring an additional 39,515 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Curtiss-Wright by 9.3% during the 4th quarter. AQR Capital Management LLC now owns 533,264 shares of the aerospace company’s stock valued at $293,972,000 after buying an additional 45,589 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Curtiss-Wright Stock Performance

Curtiss-Wright stock opened at $751.58 on Thursday. The firm has a 50 day simple moving average of $746.77 and a 200-day simple moving average of $699.21. The stock has a market cap of $27.76 billion, a price-to-earnings ratio of 55.06, a price-to-earnings-growth ratio of 3.46 and a beta of 0.86. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.52 and a quick ratio of 1.05. Curtiss-Wright Corporation has a 1-year low of $463.00 and a 1-year high of $808.16.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Thursday, May 7th. The aerospace company reported $3.48 EPS 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 firm had revenue of $913.69 million for the quarter, compared to analyst estimates of $863.83 million. During the same quarter in the previous year, the company earned $2.82 EPS. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. On average, analysts expect that Curtiss-Wright Corporation will post 15.18 EPS for the current year.

Curtiss-Wright Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, June 15th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.1%. The ex-dividend date was Monday, June 15th. Curtiss-Wright’s dividend payout ratio (DPR) is 7.62%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CW shares. Stifel Nicolaus set a $724.00 price objective on Curtiss-Wright in a research report on Friday, May 8th. Citigroup lifted their target price on shares of Curtiss-Wright from $775.00 to $793.00 and gave the company a “neutral” rating in a report on Wednesday, July 1st. Morgan Stanley reiterated an “overweight” rating and issued a $860.00 target price on shares of Curtiss-Wright in a research note on Wednesday. Robert W. Baird set a $870.00 price target on shares of Curtiss-Wright in a research report on Friday, May 8th. Finally, Weiss Ratings cut shares of Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 2nd. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $766.33.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, CEO Lynn M. Bamford sold 2,500 shares of Curtiss-Wright 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 completion of the transaction, the chief executive officer directly owned 48,134 shares of the company’s stock, valued at $34,739,270.48. The trade was a 4.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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 business’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $721.95, for a total transaction of $288,058.05. Following the completion of the transaction, the vice president owned 2,172 shares of the company’s stock, valued at approximately $1,568,075.40. This trade represents a 15.52% 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. 0.51% of the stock is owned by company insiders.

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.