Janney Montgomery Scott LLC Increases Stake in Curtiss-Wright Co. (NYSE:CW)

Janney Montgomery Scott LLC increased its holdings in Curtiss-Wright Co. (NYSE:CW – Free Report) by 8.4% during the first quarter, Holdings Channel reports. The company owned 2,491 shares of the aerospace company after acquiring an additional 194 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Curtiss-Wright were worth $638,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Creekmur Asset Management LLC purchased a new position in Curtiss-Wright during the 4th quarter worth approximately $32,000. Venturi Wealth Management LLC increased its position in Curtiss-Wright by 53.6% during the 4th quarter. Venturi Wealth Management LLC now owns 149 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 52 shares in the last quarter. Sachetta LLC purchased a new stake in Curtiss-Wright during the 4th quarter worth approximately $45,000. GAMMA Investing LLC purchased a new stake in Curtiss-Wright during the 4th quarter worth approximately $57,000. Finally, Psagot Value Holdings Ltd. Israel increased its position in Curtiss-Wright by 736.8% during the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 318 shares of the aerospace company’s stock worth $70,000 after acquiring an additional 280 shares in the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s shares.

Analysts set new price targets

Several research firms have weighed in on CW. Truist Financial increased their price target on Curtiss-Wright from $252.00 to $270.00 and gave the company a “hold” rating in a research report on Wednesday, May 22nd. Robert W. Baird increased their price target on Curtiss-Wright from $246.00 to $300.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. StockNews.com lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Morgan Stanley increased their price target on Curtiss-Wright from $284.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, May 23rd. Finally, Stifel Nicolaus raised their price target on Curtiss-Wright from $310.00 to $318.00 and gave the stock a “buy” rating in a research report on Thursday. One analyst has rated the stock with a hold rating and four have rated the company with a buy rating. According to MarketBeat.com, Curtiss-Wright has a consensus rating of “Moderate Buy” and an average price target of $304.50.

Read our latest stock analysis on CW

Curtiss-Wright Stock Return

Shares of CW opened at $277.04 on Friday. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.40. The company’s 50-day moving average price is $276.25 and its 200-day moving average price is $253.32. Curtiss-Wright Co. has a 52-week low of $187.57 and a 52-week high of $288.44. The stock has a market cap of $10.61 billion, a P/E ratio of 28.53 and a beta of 1.18.

Curtiss-Wright (NYSE:CW – Get Free Report) last released its quarterly earnings results on Wednesday, May 01. The aerospace company reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.24. Curtiss-Wright had a return on equity of 16.79% and a net margin of 12.78%. The company had revenue of $713.17 million for the quarter, compared to analysts’ expectations of $664.01 million. In the prior-year period, the company posted $1.53 EPS. The company’s quarterly revenue increased 13.0% year over year. Equity research analysts expect Curtiss-Wright Co. to post 10.25 EPS for the current fiscal year.

Curtiss-Wright raises dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Monday, June 17th were paid a dividend of $0.21 per share. This represents an annual dividend of $0.84 and a yield of 0.30%. This is an increase from Curtiss-Wright’s previous quarterly dividend of $0.20. The ex-dividend date for this dividend was Monday, June 17th. Curtiss-Wright’s dividend payout ratio (DPR) is currently 8.65%.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, Director S Marce Fuller sold 5,300 shares of the company’s stock in a transaction on Thursday, May 23. The shares were sold at an average price of $281.04, for a total transaction of $1,489,512.00. Following the sale, the Director now directly owns 25,770 shares of the company’s stock, valued at approximately $7,242,400.80. The sale was disclosed in a document filed with the SEC, which is available on the SEC website. In other news, COO Kevin Rayment sold 8,415 shares of the company’s stock in a transaction on Monday, June 3. The shares were sold at an average price of $281.67, for a total transaction of $2,370,253.05. Following the transaction, the Chief Operating Officer now directly owns 19,914 shares of the company’s stock, valued at approximately $5,609,176.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, available at this link. Also, Director S Marce Fuller sold 5,300 shares of the company’s stock in a transaction on Thursday, May 23. The shares were sold at an average price of $281.04, for a total value of $1,489,512.00. Following the transaction, the Director now directly owns 25,770 shares of the company’s stock, valued at $7,242,400.80. The disclosure for this sale can be found here. In the last three months, insiders have acquired 120 shares of the company’s stock valued at $27,914. Insiders own 0.67% of the company’s shares.

Curtiss-Wright Company Profile

(Free Report)

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions and services primarily to the aerospace and defense, commercial energy, process and industrial markets worldwide. The company operates through three segments: Aerospace & Industrial, Defense Electronics and Naval & Power.

Read further

Want to know which other hedge funds own CW? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Curtiss-Wright Co. (NYSE:CW – Free Report).

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