Whittier Trust Co. Increases Position in Curtiss-Wright Corporation $CW

Whittier Trust Co. increased its stake in Curtiss-Wright Corporation (NYSE:CW) by 2.2% in the 2nd quarter, Holdings Channel reports. The fund owned 61,793 shares of the aerospace company’s stock after buying an additional 1,321 shares during the quarter. Whittier Trust Co.’s holdings in Curtiss-Wright were worth $30,188,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. 1 North Wealth Services LLC purchased a new position in Curtiss-Wright in the first quarter worth $32,000. Private Trust Co. NA grew its position in Curtiss-Wright by 13,800.0% in the first quarter. Private Trust Co. NA now owns 139 shares of the aerospace company’s stock worth $44,000 after acquiring an additional 138 shares in the last quarter. West Oak Capital LLC purchased a new position in Curtiss-Wright in the second quarter worth $49,000. Tsfg LLC grew its position in Curtiss-Wright by 112.7% in the first quarter. Tsfg LLC now owns 217 shares of the aerospace company’s stock worth $69,000 after acquiring an additional 115 shares in the last quarter. Finally, Flaharty Asset Management LLC purchased a new position in Curtiss-Wright in the first quarter worth $69,000. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Curtiss-Wright

In other news, VP John C. Watts sold 1,110 shares of the company’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $480.50, for a total transaction of $533,355.00. Following the completion of the transaction, the vice president directly owned 3,863 shares of the company’s stock, valued at approximately $1,856,171.50. This represents a 22.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.55% of the company’s stock.

Analyst Upgrades and Downgrades

CW has been the subject of several recent research reports. Stifel Nicolaus boosted their price target on shares of Curtiss-Wright from $457.00 to $502.00 and gave the stock a “hold” rating in a research note on Monday. Wall Street Zen downgraded shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 2nd. Truist Financial boosted their price target on shares of Curtiss-Wright from $463.00 to $525.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Curtiss-Wright in a research note on Wednesday, October 8th. Finally, Morgan Stanley boosted their price target on shares of Curtiss-Wright from $405.00 to $550.00 and gave the stock an “overweight” rating in a research note on Thursday, July 17th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $526.00.

Curtiss-Wright Stock Performance

Shares of NYSE:CW opened at $561.72 on Tuesday. The company has a market cap of $21.17 billion, a price-to-earnings ratio of 47.40, a price-to-earnings-growth ratio of 3.09 and a beta of 1.14. The company has a 50-day moving average price of $512.23 and a 200-day moving average price of $456.49. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.35. Curtiss-Wright Corporation has a 12 month low of $266.88 and a 12 month high of $575.07.

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

Curtiss-Wright Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, September 26th. Curtiss-Wright’s dividend payout ratio is 8.10%.

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.