500 Shares in Curtiss-Wright Corporation $CW Purchased by Hilltop National Bank

Hilltop National Bank acquired a new position in Curtiss-Wright Corporation (NYSE:CW) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 500 shares of the aerospace company’s stock, valued at approximately $244,000.

Several other large investors also recently added to or reduced their stakes in CW. Robeco Institutional Asset Management B.V. boosted its stake in Curtiss-Wright by 0.8% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 4,478 shares of the aerospace company’s stock worth $2,188,000 after purchasing an additional 37 shares during the period. Alliance Wealth Advisors LLC UT boosted its stake in Curtiss-Wright by 1.0% in the 1st quarter. Alliance Wealth Advisors LLC UT now owns 4,505 shares of the aerospace company’s stock worth $1,429,000 after purchasing an additional 43 shares during the period. Signaturefd LLC boosted its stake in Curtiss-Wright by 10.3% in the 1st quarter. Signaturefd LLC now owns 473 shares of the aerospace company’s stock worth $150,000 after purchasing an additional 44 shares during the period. WCM Investment Management LLC boosted its stake in Curtiss-Wright by 0.8% in the 1st quarter. WCM Investment Management LLC now owns 5,561 shares of the aerospace company’s stock worth $1,762,000 after purchasing an additional 45 shares during the period. Finally, Greenleaf Trust boosted its stake in Curtiss-Wright by 6.8% in the 1st quarter. Greenleaf Trust now owns 736 shares of the aerospace company’s stock worth $234,000 after purchasing an additional 47 shares during the period. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Wall Street Zen downgraded Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 2nd. Morgan Stanley raised their target price on Curtiss-Wright from $405.00 to $550.00 and gave the stock an “overweight” rating in a research note on Thursday, July 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of Curtiss-Wright in a research report on Saturday, September 27th. Citigroup lifted their price target on Curtiss-Wright from $525.00 to $568.00 and gave the company a “buy” rating in a research report on Monday, July 14th. Finally, Truist Financial dropped their price target on Curtiss-Wright from $356.00 to $338.00 and set a “hold” rating for the company in a research report on Friday, July 11th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $468.14.

Insiders Place Their Bets

In related news, VP John C. Watts sold 1,110 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $480.50, for a total value of $533,355.00. Following the completion of the sale, the vice president owned 3,863 shares in the company, valued at $1,856,171.50. The trade was a 22.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.55% of the stock is owned by insiders.

Curtiss-Wright Stock Performance

Shares of CW opened at $538.42 on Friday. The company has a market cap of $20.29 billion, a PE ratio of 45.44, a price-to-earnings-growth ratio of 3.29 and a beta of 1.14. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.35. The stock has a 50-day moving average price of $499.23 and a 200-day moving average price of $437.22. Curtiss-Wright Corporation has a 12-month low of $266.88 and a 12-month high of $550.88.

Curtiss-Wright (NYSE:CW) last released its earnings results on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $3.13 by $0.10. The company had revenue of $876.58 million during the quarter, compared to the consensus estimate of $855.10 million. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%.Curtiss-Wright’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.67 EPS. As a group, equities analysts forecast that Curtiss-Wright Corporation will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be given a $0.24 dividend. The ex-dividend date is Friday, September 26th. This represents a $0.96 dividend on an annualized basis and a yield of 0.2%. Curtiss-Wright’s payout ratio is presently 8.10%.

About Curtiss-Wright

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.