19,565 Shares in Curtiss-Wright Co. (NYSE:CW) Purchased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC acquired a new position in Curtiss-Wright Co. (NYSE:CW) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 19,565 shares of the aerospace company’s stock, valued at approximately $5,007,000. Susquehanna Fundamental Investments LLC owned 0.05% of Curtiss-Wright as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. Contravisory Investment Management Inc. bought a new position in shares of Curtiss-Wright during the 4th quarter valued at about $25,000. Creekmur Asset Management LLC bought a new position in Curtiss-Wright during the fourth quarter valued at approximately $32,000. Venturi Wealth Management LLC raised its position in shares of Curtiss-Wright by 53.6% in the fourth quarter. Venturi Wealth Management LLC now owns 149 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 52 shares during the period. Sachetta LLC bought a new position in shares of Curtiss-Wright in the fourth quarter valued at approximately $45,000. Finally, GAMMA Investing LLC bought a new position in Curtiss-Wright during the fourth quarter worth $57,000. Institutional investors and hedge funds own 82.71% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. 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. StockNews.com raised Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 5th. Truist Financial boosted their price objective on Curtiss-Wright from $252.00 to $270.00 and gave the stock a “hold” rating in a report on Wednesday, May 22nd. Morgan Stanley boosted their price objective on Curtiss-Wright from $284.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, May 23rd. Finally, Stifel Nicolaus upped their price target on Curtiss-Wright from $293.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, May 22nd. One research 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $302.50.

Curtiss-Wright Stock Performance

Shares of CW traded up $0.28 during mid-day trading on Monday, hitting $279.80. The stock had a trading volume of 73,923 shares, compared to its average volume of 201,182. The firm has a market cap of $10.72 billion, a P/E ratio of 28.79 and a beta of 1.18. The business has a fifty day moving average price of $275.77 and a 200-day moving average price of $251.48. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.02 and a quick ratio of 1.38. Curtiss-Wright Co. has a 52 week low of $185.96 and a 52 week high of $286.65.

Curtiss-Wright (NYSE:CW) last announced its earnings results on Wednesday, May 1st. The aerospace company reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.24. Curtiss-Wright had a return on equity of 16.79% and a net margin of 12.78%. The business had revenue of $713.17 million for the quarter, compared to analyst estimates of $664.01 million. During the same period in the prior year, the company earned $1.53 EPS. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. On average, equities research analysts expect that Curtiss-Wright Co. will post 10.27 EPS for the current year.

Curtiss-Wright Increases Dividend

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

Insider Activity at Curtiss-Wright

In related news, Director S Marce Fuller sold 5,300 shares of the business’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 sale, the director now directly owns 25,770 shares in the company, valued at $7,242,400.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, COO Kevin Rayment sold 8,415 shares of the company’s stock in a transaction 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 $5,609,176.38. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director S Marce Fuller sold 5,300 shares of the stock in a transaction 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 sale, the director now directly owns 25,770 shares in the company, valued at approximately $7,242,400.80. The disclosure for this sale can be found here. Insiders acquired a total of 120 shares of company stock valued at $27,914 in the last three months. Company insiders own 0.67% of the company’s stock.

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.