Private Advisor Group LLC Acquires 1,038 Shares of Curtiss-Wright Co. (NYSE:CW)

Private Advisor Group LLC lifted its holdings in Curtiss-Wright Co. (NYSE:CW) by 96.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,112 shares of the aerospace company’s stock after buying an additional 1,038 shares during the period. Private Advisor Group LLC’s holdings in Curtiss-Wright were worth $541,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Norden Group LLC raised its position in Curtiss-Wright by 41.0% during the first quarter. Norden Group LLC now owns 2,829 shares of the aerospace company’s stock valued at $724,000 after purchasing an additional 823 shares during the period. Van ECK Associates Corp raised its holdings in Curtiss-Wright by 204.0% during the 1st quarter. Van ECK Associates Corp now owns 109,805 shares of the aerospace company’s stock valued at $28,103,000 after buying an additional 73,686 shares during the period. SpiderRock Advisors LLC bought a new stake in Curtiss-Wright in the first quarter worth $328,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Curtiss-Wright during the first quarter worth $84,000. Finally, Allspring Global Investments Holdings LLC increased its position in Curtiss-Wright by 38.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 76,283 shares of the aerospace company’s stock valued at $19,524,000 after acquiring an additional 21,074 shares during the last quarter. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, COO Kevin Rayment sold 8,415 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $281.67, for a total transaction of $2,370,253.05. Following the sale, the chief operating officer now owns 19,914 shares of the company’s stock, valued at approximately $5,609,176.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Curtiss-Wright news, Director S Marce Fuller sold 5,300 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $281.04, for a total transaction of $1,489,512.00. Following the completion of the transaction, the director now directly owns 25,770 shares of the company’s stock, valued at approximately $7,242,400.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Kevin Rayment sold 8,415 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $281.67, for a total transaction of $2,370,253.05. Following the completion of the sale, the chief operating officer now owns 19,914 shares in the company, valued at approximately $5,609,176.38. The disclosure for this sale can be found here. Insiders purchased 120 shares of company stock valued at $27,914 in the last three months. 0.67% of the stock is owned by insiders.

Curtiss-Wright Trading Down 0.8 %

NYSE CW opened at $279.52 on Monday. Curtiss-Wright Co. has a 52 week low of $185.52 and a 52 week high of $286.65. The company has a 50 day moving average price of $275.77 and a 200 day moving average price of $251.48. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.40. The firm has a market cap of $10.71 billion, a PE ratio of 28.79 and a beta of 1.18.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Wednesday, May 1st. The aerospace company reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.24. The business had revenue of $713.17 million for the quarter, compared to the consensus estimate of $664.01 million. Curtiss-Wright had a return on equity of 16.79% and a net margin of 12.78%. The business’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.53 earnings per share. As a group, sell-side analysts forecast that Curtiss-Wright Co. will post 10.27 EPS for the current fiscal year.

Curtiss-Wright Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Monday, June 17th were paid a dividend of $0.21 per share. This is a positive change from Curtiss-Wright’s previous quarterly dividend of $0.20. The ex-dividend date was Monday, June 17th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.30%. Curtiss-Wright’s payout ratio is presently 8.65%.

Analyst Ratings Changes

Several research firms have recently issued reports on CW. Truist Financial raised their target price on shares of Curtiss-Wright from $252.00 to $270.00 and gave the stock a “hold” rating in a report on Wednesday, May 22nd. StockNews.com upgraded Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 5th. Morgan Stanley boosted their price objective on Curtiss-Wright from $284.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, May 23rd. Stifel Nicolaus increased their target price on Curtiss-Wright from $293.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, May 22nd. Finally, Robert W. Baird boosted their target price on shares of Curtiss-Wright from $246.00 to $300.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $302.50.

Curtiss-Wright Company Profile

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.