Curtiss-Wright Corporation $CW Stake Increased by Blair William & Co. IL

Blair William & Co. IL boosted its stake in Curtiss-Wright Corporation (NYSE:CW) by 20.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 157,001 shares of the aerospace company’s stock after acquiring an additional 26,309 shares during the period. Blair William & Co. IL’s holdings in Curtiss-Wright were worth $86,550,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Transamerica Financial Advisors LLC increased its position in shares of Curtiss-Wright by 25.9% in the 4th quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock worth $40,000 after purchasing an additional 15 shares during the last quarter. IFP Advisors Inc raised its stake in shares of Curtiss-Wright by 2.3% in the 4th quarter. IFP Advisors Inc now owns 698 shares of the aerospace company’s stock valued at $385,000 after purchasing an additional 16 shares in the last quarter. Summit Financial LLC lifted its position in shares of Curtiss-Wright by 2.3% during the fourth quarter. Summit Financial LLC now owns 697 shares of the aerospace company’s stock worth $384,000 after purchasing an additional 16 shares during the last quarter. Clearstead Advisors LLC lifted its position in shares of Curtiss-Wright by 1.6% during the third quarter. Clearstead Advisors LLC now owns 1,067 shares of the aerospace company’s stock worth $579,000 after purchasing an additional 17 shares during the last quarter. Finally, Mayflower Financial Advisors LLC grew its stake in Curtiss-Wright by 2.9% in the fourth quarter. Mayflower Financial Advisors LLC now owns 611 shares of the aerospace company’s stock worth $337,000 after purchasing an additional 17 shares in the last quarter. 82.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on CW. Robert W. Baird set a $870.00 price objective on Curtiss-Wright in a report on Friday, May 8th. Stifel Nicolaus set a $724.00 target price on Curtiss-Wright in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $748.00 price target on shares of Curtiss-Wright in a report on Tuesday, February 17th. Citigroup upped their price target on Curtiss-Wright from $728.00 to $775.00 and gave the company a “neutral” rating in a research report on Monday, May 18th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Curtiss-Wright in a report on Wednesday, May 13th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $746.67.

Insider Buying and Selling

In other Curtiss-Wright news, EVP John C. Watts sold 220 shares of Curtiss-Wright stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $752.91, for a total transaction of $165,640.20. Following the sale, the executive vice president owned 3,962 shares of the company’s stock, valued at $2,983,029.42. The trade was a 5.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lynn M. Bamford sold 2,500 shares of the stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $721.72, for a total value of $1,804,300.00. Following the completion of the transaction, the chief executive officer directly owned 48,134 shares of the company’s stock, valued at approximately $34,739,270.48. The trade was a 4.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 3,119 shares of company stock valued at $2,257,998 in the last three months. 0.51% of the stock is currently owned by corporate insiders.

Curtiss-Wright Stock Up 0.3%

CW stock opened at $764.74 on Wednesday. The stock has a market cap of $28.25 billion, a PE ratio of 56.02, a price-to-earnings-growth ratio of 3.54 and a beta of 0.85. The firm’s 50-day simple moving average is $729.66 and its 200 day simple moving average is $668.14. Curtiss-Wright Corporation has a fifty-two week low of $458.74 and a fifty-two week high of $779.70. The company has a quick ratio of 1.05, a current ratio of 1.52 and a debt-to-equity ratio of 0.29.

Curtiss-Wright (NYSE:CW) last posted its earnings results 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 firm had revenue of $913.69 million during the quarter, compared to analyst estimates of $863.83 million. During the same period in the previous year, the business posted $2.82 EPS. Curtiss-Wright’s revenue was up 13.4% on a year-over-year basis. As a group, sell-side analysts predict that Curtiss-Wright Corporation will post 15.15 EPS for the current year.

Curtiss-Wright Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 15th will be given a dividend of $0.24 per share. The ex-dividend date is Monday, June 15th. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. Curtiss-Wright’s payout ratio is currently 7.62%.

Curtiss-Wright Company 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.