Curtiss-Wright Co. (NYSE:CW) Holdings Boosted by Portside Wealth Group LLC

Portside Wealth Group LLC raised its position in shares of Curtiss-Wright Co. (NYSE:CW) by 7.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 2,282 shares of the aerospace company’s stock after acquiring an additional 149 shares during the period. Portside Wealth Group LLC’s holdings in Curtiss-Wright were worth $724,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CW. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Curtiss-Wright by 0.9% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,319 shares of the aerospace company’s stock valued at $1,178,000 after buying an additional 29 shares in the last quarter. Harbour Investments Inc. boosted its position in Curtiss-Wright by 10.6% during the 4th quarter. Harbour Investments Inc. now owns 312 shares of the aerospace company’s stock worth $111,000 after acquiring an additional 30 shares during the period. Cornerstone Investment Partners LLC boosted its position in Curtiss-Wright by 3.6% during the 4th quarter. Cornerstone Investment Partners LLC now owns 918 shares of the aerospace company’s stock worth $326,000 after acquiring an additional 32 shares during the period. Ascent Group LLC grew its stake in Curtiss-Wright by 4.9% during the 4th quarter. Ascent Group LLC now owns 713 shares of the aerospace company’s stock valued at $253,000 after acquiring an additional 33 shares in the last quarter. Finally, Baird Financial Group Inc. increased its holdings in shares of Curtiss-Wright by 1.6% in the 4th quarter. Baird Financial Group Inc. now owns 2,122 shares of the aerospace company’s stock valued at $753,000 after purchasing an additional 34 shares during the period. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Insider Activity at Curtiss-Wright

In related news, CEO Lynn M. Bamford sold 3,131 shares of the firm’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $325.41, for a total value of $1,018,858.71. Following the transaction, the chief executive officer now directly owns 42,887 shares in the company, valued at approximately $13,955,858.67. This trade represents a 6.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO K Christopher Farkas sold 4,780 shares of Curtiss-Wright stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $350.00, for a total transaction of $1,673,000.00. Following the completion of the transaction, the chief financial officer now owns 9,253 shares in the company, valued at $3,238,550. This trade represents a 34.06% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,992 shares of company stock valued at $4,634,519. Corporate insiders own 0.55% of the company’s stock.

Curtiss-Wright Stock Performance

CW stock opened at $460.34 on Tuesday. The firm has a 50 day moving average of $371.18 and a two-hundred day moving average of $354.77. Curtiss-Wright Co. has a 12 month low of $258.85 and a 12 month high of $463.38. The company has a market capitalization of $17.34 billion, a price-to-earnings ratio of 43.63, a P/E/G ratio of 2.48 and a beta of 1.14. The company has a quick ratio of 1.19, a current ratio of 1.69 and a debt-to-equity ratio of 0.39.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.39 by $0.43. The firm had revenue of $805.65 million during the quarter, compared to analysts’ expectations of $767.32 million. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. Curtiss-Wright’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.99 earnings per share. As a group, equities analysts anticipate that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.24 per share. This is a positive change from Curtiss-Wright’s previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 16th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.21%. Curtiss-Wright’s dividend payout ratio is currently 8.54%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Truist Financial reduced their price target on shares of Curtiss-Wright from $357.00 to $338.00 and set a “hold” rating for the company in a research report on Thursday, April 17th. Citigroup lifted their target price on shares of Curtiss-Wright from $444.00 to $520.00 and gave the company a “buy” rating in a research note on Monday. Wall Street Zen cut shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 24th. Stifel Nicolaus cut their price objective on Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating for the company in a report on Monday, April 14th. Finally, Robert W. Baird lifted their price objective on Curtiss-Wright from $432.00 to $500.00 and gave the company an “outperform” rating in a research report on Thursday, May 22nd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $418.00.

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.