1,822 Shares in Curtiss-Wright Corporation $CW Purchased by Smith Chas P & Associates PA Cpas

Smith Chas P & Associates PA Cpas purchased a new position in shares of Curtiss-Wright Corporation (NYSE:CW) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,822 shares of the aerospace company’s stock, valued at approximately $1,005,000.

Other hedge funds have also bought and sold shares of the company. Atlantic Union Bankshares Corp bought a new position in Curtiss-Wright during the third quarter worth about $26,000. Cary Street Partners Investment Advisory LLC bought a new position in Curtiss-Wright during the fourth quarter worth about $31,000. Larson Financial Group LLC increased its position in Curtiss-Wright by 53.8% during the third quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 21 shares during the period. Elyxium Wealth LLC bought a new position in Curtiss-Wright during the fourth quarter worth about $43,000. Finally, Sunbelt Securities Inc. bought a new position in Curtiss-Wright during the third quarter worth about $43,000. 82.71% of the stock is owned by institutional investors.

Curtiss-Wright Trading Down 1.0%

CW opened at $742.83 on Thursday. The company’s 50 day moving average is $713.43 and its 200-day moving average is $649.95. Curtiss-Wright Corporation has a 1-year low of $435.35 and a 1-year high of $760.72. The company has a current ratio of 1.52, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. The company has a market cap of $27.44 billion, a P/E ratio of 54.42, a PEG ratio of 3.48 and a beta of 0.86.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Thursday, May 7th. The aerospace company reported $3.48 earnings per share for the quarter, beating analysts’ consensus estimates of $3.32 by $0.16. Curtiss-Wright had a net margin of 14.17% and a return on equity of 20.00%. The company had revenue of $913.69 million for the quarter, compared to the consensus estimate of $863.83 million. During the same period last year, the company posted $2.82 EPS. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. Equities research analysts predict that Curtiss-Wright Corporation will post 15.15 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 15th will be paid a $0.24 dividend. 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 presently 7.03%.

Insider Buying and Selling

In other news, EVP John C. Watts sold 220 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $752.91, for a total value of $165,640.20. Following the sale, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lynn M. Bamford sold 3,225 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $676.70, for a total transaction of $2,182,357.50. Following the completion of the sale, the chief executive officer owned 50,634 shares in the company, valued at approximately $34,264,027.80. The trade was a 5.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 6,181 shares of company stock worth $4,204,919 in the last quarter. Corporate insiders own 0.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on CW. Morgan Stanley reissued an “overweight” rating and issued a $760.00 target price on shares of Curtiss-Wright in a report on Friday, February 13th. Citigroup raised their target price on shares of Curtiss-Wright from $728.00 to $775.00 and gave the company a “neutral” rating in a report on Monday, May 18th. Robert W. Baird set a $870.00 target price on shares of Curtiss-Wright in a report on Friday, May 8th. Stifel Nicolaus set a $724.00 target price on shares of Curtiss-Wright in a report on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $748.00 target price on shares of Curtiss-Wright in a report on Tuesday, February 17th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Curtiss-Wright has an average rating of “Moderate Buy” and an average target price of $746.67.

Curtiss-Wright 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.