1,182 Shares in Curtiss-Wright Corporation $CW Acquired by Bull Harbor Capital LLC

Bull Harbor Capital LLC bought a new stake in Curtiss-Wright Corporation (NYSE:CW) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,182 shares of the aerospace company’s stock, valued at approximately $805,000.

A number of other large investors have also recently bought and sold shares of CW. Altshuler Shaham Ltd grew its holdings in Curtiss-Wright by 13.8% during the 1st quarter. Altshuler Shaham Ltd now owns 1,450 shares of the aerospace company’s stock valued at $988,000 after buying an additional 176 shares during the last quarter. Sunbelt Securities Inc. raised its holdings in shares of Curtiss-Wright by 112.5% in the first quarter. Sunbelt Securities Inc. now owns 170 shares of the aerospace company’s stock worth $116,000 after acquiring an additional 90 shares during the last quarter. Amundi lifted its position in shares of Curtiss-Wright by 670.5% in the first quarter. Amundi now owns 104,761 shares of the aerospace company’s stock valued at $71,355,000 after acquiring an additional 91,164 shares in the last quarter. Adalta Capital Management LLC purchased a new stake in shares of Curtiss-Wright in the first quarter valued at $240,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Curtiss-Wright by 22.2% during the first quarter. EverSource Wealth Advisors LLC now owns 832 shares of the aerospace company’s stock valued at $567,000 after acquiring an additional 151 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Stifel Nicolaus lifted their price objective on Curtiss-Wright from $724.00 to $768.00 and gave the stock a “hold” rating in a research report on Monday, July 20th. Citigroup upped their target price 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. Robert W. Baird set a $870.00 price target on shares of Curtiss-Wright in a report on Friday, May 8th. Morgan Stanley reiterated an “overweight” rating and set a $860.00 price target on shares of Curtiss-Wright in a report on Wednesday, July 15th. Finally, Weiss Ratings raised shares of Curtiss-Wright from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 23rd. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $773.67.

Insider Transactions at Curtiss-Wright

In related 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 value 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. This trade represents a 5.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Gary A. Ogilby sold 399 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $721.95, for a total value of $288,058.05. Following the sale, the vice president directly owned 2,172 shares of the company’s stock, valued at approximately $1,568,075.40. This trade represents a 15.52% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 3,119 shares of company stock worth $2,257,998 in the last ninety days. Insiders own 0.51% of the company’s stock.

Curtiss-Wright Price Performance

CW opened at $716.25 on Friday. Curtiss-Wright Corporation has a 1 year low of $464.91 and a 1 year high of $808.16. The company’s 50 day simple moving average is $745.86 and its 200 day simple moving average is $710.81. The stock has a market capitalization of $26.46 billion, a PE ratio of 52.47, a P/E/G ratio of 3.11 and a beta of 0.86. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 1.52.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Thursday, May 7th. The aerospace company reported $3.48 EPS for the quarter, topping the consensus estimate of $3.32 by $0.16. The firm had revenue of $913.69 million during the quarter, compared to analyst estimates of $863.83 million. Curtiss-Wright had a net margin of 14.17% and a return on equity of 20.00%. Curtiss-Wright’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.82 earnings per share. As a group, sell-side analysts expect that Curtiss-Wright Corporation will post 15.22 EPS for the current year.

Curtiss-Wright Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Monday, June 15th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Monday, June 15th. Curtiss-Wright’s dividend payout ratio is presently 7.62%.

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.