619 Shares in Curtiss-Wright Corporation $CW Bought by Callan Family Office LLC

Callan Family Office LLC purchased a new stake in shares of Curtiss-Wright Corporation (NYSE:CW) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 619 shares of the aerospace company’s stock, valued at approximately $302,000.

Other institutional investors have also added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. boosted its position in Curtiss-Wright by 98.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,664 shares of the aerospace company’s stock valued at $1,163,000 after buying an additional 1,817 shares during the period. Vontobel Holding Ltd. raised its stake in shares of Curtiss-Wright by 100.4% during the first quarter. Vontobel Holding Ltd. now owns 1,140 shares of the aerospace company’s stock valued at $362,000 after acquiring an additional 571 shares during the last quarter. Sowell Financial Services LLC bought a new position in shares of Curtiss-Wright during the first quarter valued at about $240,000. Janney Montgomery Scott LLC raised its stake in shares of Curtiss-Wright by 37.7% during the first quarter. Janney Montgomery Scott LLC now owns 3,652 shares of the aerospace company’s stock valued at $1,159,000 after acquiring an additional 999 shares during the last quarter. Finally, Mission Wealth Management LP bought a new position in shares of Curtiss-Wright during the first quarter valued at about $206,000. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on CW shares. Morgan Stanley upped their price objective on shares of Curtiss-Wright from $405.00 to $550.00 and gave the company an “overweight” rating in a research note on Thursday, July 17th. Stifel Nicolaus raised their price objective on shares of Curtiss-Wright from $450.00 to $457.00 and gave the stock a “hold” rating in a report on Friday, August 8th. Weiss Ratings restated a “buy (b)” rating on shares of Curtiss-Wright in a report on Wednesday, October 8th. Truist Financial raised their price objective on shares of Curtiss-Wright from $463.00 to $525.00 and gave the stock a “hold” rating in a report on Wednesday. Finally, Wall Street Zen lowered shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 2nd. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $519.57.

Insider Transactions at Curtiss-Wright

In other news, VP John C. Watts sold 1,110 shares of the business’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $480.50, for a total value of $533,355.00. Following the completion of the sale, the vice president owned 3,863 shares in the company, valued at approximately $1,856,171.50. The trade was a 22.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.55% of the stock is currently owned by company insiders.

Curtiss-Wright Stock Down 1.1%

CW opened at $550.25 on Friday. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.35. Curtiss-Wright Corporation has a 1-year low of $266.88 and a 1-year high of $575.07. The company has a market capitalization of $20.73 billion, a PE ratio of 46.43, a PEG ratio of 3.16 and a beta of 1.14. The firm’s 50 day simple moving average is $509.35 and its two-hundred day simple moving average is $451.08.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.13 by $0.10. The company had revenue of $876.58 million for the quarter, compared to the consensus estimate of $855.10 million. Curtiss-Wright had a net margin of 13.66% and a return on equity of 18.34%. Curtiss-Wright’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.67 EPS. As a group, equities analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, September 26th. Curtiss-Wright’s payout ratio is 8.10%.

Curtiss-Wright 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.