First Trust Advisors LP Raises Position in Curtiss-Wright Corporation $CW

First Trust Advisors LP lifted its stake in shares of Curtiss-Wright Corporation (NYSE:CW) by 0.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 147,768 shares of the aerospace company’s stock after buying an additional 829 shares during the quarter. First Trust Advisors LP owned 0.40% of Curtiss-Wright worth $80,229,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Curtiss-Wright during the third quarter worth $2,781,000. Edmond DE Rothschild Holding S.A. grew its stake in Curtiss-Wright by 108.0% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 2,336 shares of the aerospace company’s stock valued at $1,141,000 after purchasing an additional 1,213 shares in the last quarter. Inscription Capital LLC increased its stake in shares of Curtiss-Wright by 248.3% in the third quarter. Inscription Capital LLC now owns 2,553 shares of the aerospace company’s stock worth $1,386,000 after buying an additional 1,820 shares during the last quarter. Creative Planning increased its position in shares of Curtiss-Wright by 30.4% in the 2nd quarter. Creative Planning now owns 5,572 shares of the aerospace company’s stock worth $2,722,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its holdings in Curtiss-Wright by 380.5% in the third quarter. Allianz Asset Management GmbH now owns 28,590 shares of the aerospace company’s stock valued at $15,523,000 after buying an additional 22,640 shares during the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CW has been the topic of several research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $748.00 price objective on shares of Curtiss-Wright in a research note on Tuesday, February 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a report on Monday, December 22nd. Truist Financial set a $603.00 price objective on Curtiss-Wright in a research note on Friday, January 9th. Stifel Nicolaus lifted their price objective on shares of Curtiss-Wright from $625.00 to $650.00 and gave the stock a “hold” rating in a report on Friday, February 13th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $760.00 target price on shares of Curtiss-Wright in a research note on Friday, February 13th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Curtiss-Wright currently has an average rating of “Moderate Buy” and an average price target of $663.17.

Curtiss-Wright Stock Performance

Shares of CW stock opened at $706.33 on Tuesday. The company has a market cap of $26.04 billion, a P/E ratio of 54.88, a PEG ratio of 3.32 and a beta of 0.91. The business has a 50 day moving average of $653.87 and a two-hundred day moving average of $580.50. Curtiss-Wright Corporation has a 52 week low of $266.88 and a 52 week high of $730.12. The company has a quick ratio of 1.00, a current ratio of 1.44 and a debt-to-equity ratio of 0.30.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Wednesday, February 11th. The aerospace company reported $3.79 earnings per share for the quarter, topping analysts’ consensus estimates of $3.66 by $0.13. Curtiss-Wright had a return on equity of 19.28% and a net margin of 13.84%.The business had revenue of $946.98 million for the quarter, compared to analysts’ expectations of $890.14 million. During the same period in the prior year, the firm earned $3.27 EPS. The business’s quarterly revenue was up 14.9% on a year-over-year basis. As a group, analysts anticipate that Curtiss-Wright Corporation will post 12.32 EPS for the current year.

Curtiss-Wright Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Thursday, March 26th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, March 26th. This represents a $0.96 annualized dividend and a yield of 0.1%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 7.46%.

Insider Buying and Selling at Curtiss-Wright

In other news, CEO Lynn M. Bamford sold 9,327 shares of the company’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $626.45, for a total value of $5,842,899.15. Following the completion of the sale, the chief executive officer owned 46,192 shares in the company, valued at $28,936,978.40. This represents a 16.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO K Christopher Farkas sold 2,665 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $626.33, for a total transaction of $1,669,169.45. Following the completion of the sale, the chief financial officer directly owned 7,358 shares of the company’s stock, valued at $4,608,536.14. The trade was a 26.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 17,269 shares of company stock valued at $10,797,098. 0.55% of the stock is currently owned by company insiders.

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.