First Eagle Investment Management LLC Purchases 725 Shares of Curtiss-Wright Co. (NYSE:CW)

First Eagle Investment Management LLC raised its position in shares of Curtiss-Wright Co. (NYSE:CW) by 1.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 45,757 shares of the aerospace company’s stock after acquiring an additional 725 shares during the quarter. First Eagle Investment Management LLC’s holdings in Curtiss-Wright were worth $11,711,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Contravisory Investment Management Inc. bought a new stake in shares of Curtiss-Wright in the 4th quarter worth approximately $25,000. Creekmur Asset Management LLC bought a new stake in shares of Curtiss-Wright in the 4th quarter worth approximately $32,000. Venturi Wealth Management LLC boosted its position in shares of Curtiss-Wright by 53.6% in the 4th quarter. Venturi Wealth Management LLC now owns 149 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 52 shares in the last quarter. Sachetta LLC bought a new stake in shares of Curtiss-Wright in the 4th quarter worth approximately $45,000. Finally, GAMMA Investing LLC bought a new position in Curtiss-Wright in the 4th quarter valued at approximately $57,000. 82.71% of the stock is owned by institutional investors.

Curtiss-Wright Stock Performance

CW traded down $3.79 during mid-day trading on Friday, reaching $276.90. 45,228 shares of the company traded hands, compared to its average volume of 202,586. 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 stock has a market capitalization of $10.61 billion, a P/E ratio of 28.65 and a beta of 1.18. Curtiss-Wright Co. has a 52-week low of $187.57 and a 52-week high of $288.44. The company’s fifty day moving average price is $276.25 and its 200-day moving average price is $252.72.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Wednesday, May 1st. The aerospace company reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.24. Curtiss-Wright had a net margin of 12.78% and a return on equity of 16.79%. The firm had revenue of $713.17 million during the quarter, compared to the consensus estimate of $664.01 million. During the same quarter last year, the firm earned $1.53 EPS. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. On average, sell-side analysts expect that Curtiss-Wright Co. will post 10.27 EPS for the current year.

Curtiss-Wright Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Monday, June 17th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.30%. This is a positive change from Curtiss-Wright’s previous quarterly dividend of $0.20. The ex-dividend date was Monday, June 17th. Curtiss-Wright’s dividend payout ratio (DPR) is presently 8.65%.

Analyst Ratings Changes

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

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, COO Kevin Rayment sold 8,415 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $281.67, for a total value of $2,370,253.05. Following the completion of the sale, the chief operating officer now directly owns 19,914 shares in the company, valued at $5,609,176.38. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director S Marce Fuller sold 5,300 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $281.04, for a total transaction of $1,489,512.00. Following the completion of the sale, the director now owns 25,770 shares of the company’s stock, valued at $7,242,400.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Kevin Rayment sold 8,415 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was 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 owns 19,914 shares in the company, valued at $5,609,176.38. The disclosure for this sale can be found here. Insiders have acquired a total of 120 shares of company stock valued at $27,914 over the last ninety days. 0.67% of the stock is owned by company insiders.

Curtiss-Wright Company 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.