Royal Bank of Canada Purchases 16,130 Shares of Curtiss-Wright Corporation $CW

Royal Bank of Canada increased its position in shares of Curtiss-Wright Corporation (NYSE:CW) by 56.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,457 shares of the aerospace company’s stock after acquiring an additional 16,130 shares during the period. Royal Bank of Canada’s holdings in Curtiss-Wright were worth $30,280,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Empowered Funds LLC lifted its stake in Curtiss-Wright by 13.2% during the first quarter. Empowered Funds LLC now owns 15,360 shares of the aerospace company’s stock worth $10,462,000 after purchasing an additional 1,789 shares during the last quarter. KCM Investment Advisors LLC increased its stake in shares of Curtiss-Wright by 1.5% in the 1st quarter. KCM Investment Advisors LLC now owns 10,445 shares of the aerospace company’s stock valued at $7,114,000 after purchasing an additional 157 shares during the last quarter. Quantinno Capital Management LP raised its holdings in shares of Curtiss-Wright by 23.8% during the 1st quarter. Quantinno Capital Management LP now owns 163,178 shares of the aerospace company’s stock worth $111,144,000 after buying an additional 31,372 shares in the last quarter. Gateway Wealth Partners LLC acquired a new position in shares of Curtiss-Wright during the 1st quarter worth $512,000. Finally, Visualize Group LP lifted its position in shares of Curtiss-Wright by 32.5% during the 1st quarter. Visualize Group LP now owns 40,816 shares of the aerospace company’s stock worth $27,801,000 after buying an additional 10,014 shares during the last quarter. 82.71% of the stock is owned by institutional investors.

Curtiss-Wright Stock Performance

NYSE:CW opened at $748.49 on Tuesday. The stock has a market cap of $27.65 billion, a P/E ratio of 54.83, a price-to-earnings-growth ratio of 3.32 and a beta of 0.87. 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 stock’s 50-day moving average is $746.12 and its 200-day moving average is $712.32. Curtiss-Wright Corporation has a 1-year low of $464.91 and a 1-year high of $808.16.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Thursday, May 7th. The aerospace company reported $3.48 earnings per share (EPS) 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 business had revenue of $913.69 million during the quarter, compared to analyst estimates of $863.83 million. During the same quarter last year, the business earned $2.82 EPS. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. Equities research analysts anticipate that Curtiss-Wright Corporation will post 15.22 earnings per share for the current year.

Curtiss-Wright Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Monday, June 15th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.1%. The ex-dividend date was Monday, June 15th. Curtiss-Wright’s dividend payout ratio is 7.62%.

Insider Activity

In other news, EVP John C. Watts sold 220 shares of Curtiss-Wright stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $752.91, for a total transaction of $165,640.20. Following the transaction, the executive vice president owned 3,962 shares in the company, valued at approximately $2,983,029.42. The trade was a 5.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lynn M. Bamford sold 2,500 shares of the business’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $721.72, for a total transaction of $1,804,300.00. Following the completion of the sale, the chief executive officer directly owned 48,134 shares in the company, valued at approximately $34,739,270.48. This represents a 4.94% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 3,119 shares of company stock valued at $2,257,998. Insiders own 0.51% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on CW shares. Robert W. Baird set a $870.00 target price on Curtiss-Wright in a research report on Friday, May 8th. Weiss Ratings upgraded shares of Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 23rd. Citigroup lifted their price target on shares of Curtiss-Wright from $775.00 to $793.00 and gave the company a “neutral” rating in a report on Wednesday, July 1st. Stifel Nicolaus increased their price objective on shares of Curtiss-Wright from $724.00 to $768.00 and gave the company a “hold” rating in a research note on Monday, July 20th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $860.00 target price on shares of Curtiss-Wright in a research note on Wednesday, July 15th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $773.67.

About Curtiss-Wright

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.