Northwestern Mutual Wealth Management Co. increased its position in shares of Curtiss-Wright Corporation (NYSE:CW – Free Report) by 582.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,120 shares of the aerospace company’s stock after buying an additional 956 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Curtiss-Wright were worth $617,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in CW. Cary Street Partners Investment Advisory LLC bought a new position in shares of Curtiss-Wright during the 4th quarter worth about $31,000. Larson Financial Group LLC lifted its position in shares of Curtiss-Wright by 53.8% in the 3rd quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 21 shares during the period. Elyxium Wealth LLC bought a new stake in shares of Curtiss-Wright in the 4th quarter worth approximately $43,000. Sunbelt Securities Inc. bought a new stake in shares of Curtiss-Wright in the 3rd quarter worth approximately $43,000. Finally, V Square Quantitative Management LLC bought a new stake in shares of Curtiss-Wright in the 4th quarter worth approximately $45,000. 82.71% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have commented on CW shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $748.00 price target on shares of Curtiss-Wright in a research note on Tuesday, February 17th. Robert W. Baird set a $870.00 price target on shares of Curtiss-Wright in a research note on Friday, May 8th. Citigroup raised their target price on Curtiss-Wright from $728.00 to $775.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th. Stifel Nicolaus set a $724.00 target price on Curtiss-Wright in a research report on Friday, May 8th. Finally, Morgan Stanley restated an “overweight” rating and set a $760.00 target price on shares of Curtiss-Wright in a research report on Friday, February 13th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $746.67.
Insider Buying and Selling at Curtiss-Wright
In other news, EVP John C. Watts sold 220 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $752.91, for a total value of $165,640.20. Following the sale, the executive vice president directly owned 3,962 shares in the company, valued at $2,983,029.42. The trade was a 5.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lynn M. Bamford sold 3,225 shares of the business’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $676.70, for a total value of $2,182,357.50. Following the completion of the sale, the chief executive officer owned 50,634 shares in the company, valued at approximately $34,264,027.80. This trade represents a 5.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 6,181 shares of company stock worth $4,204,919 over the last three months. Company insiders own 0.51% of the company’s stock.
Curtiss-Wright Trading Up 1.6%
Shares of NYSE CW opened at $733.05 on Wednesday. The company has a market cap of $27.08 billion, a PE ratio of 53.70, a P/E/G ratio of 3.34 and a beta of 0.85. The company has a current ratio of 1.52, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. The company has a 50-day moving average of $722.40 and a two-hundred day moving average of $660.89. Curtiss-Wright Corporation has a 1-year low of $443.00 and a 1-year high of $760.72.
Curtiss-Wright (NYSE:CW – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The aerospace company reported $3.48 earnings per share for the quarter, topping the consensus estimate of $3.32 by $0.16. The firm had revenue of $913.69 million during the quarter, compared to analysts’ expectations of $863.83 million. Curtiss-Wright had a return on equity of 20.00% and a net margin of 14.17%.The company’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.82 EPS. As a group, equities analysts expect that Curtiss-Wright Corporation will post 15.15 earnings per share for the current fiscal year.
Curtiss-Wright Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Monday, June 15th. Curtiss-Wright’s payout ratio is 7.03%.
Curtiss-Wright Company Profile
Curtiss-Wright Corporation (NYSE: CW) is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.
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