National Bank of Canada FI Increases Stake in Curtiss-Wright Corporation (NYSE:CW)

National Bank of Canada FI grew its holdings in shares of Curtiss-Wright Corporation (NYSE:CW) by 25.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 63,277 shares of the aerospace company’s stock after buying an additional 12,933 shares during the period. National Bank of Canada FI’s holdings in Curtiss-Wright were worth $20,075,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. CenterBook Partners LP purchased a new position in shares of Curtiss-Wright during the first quarter valued at approximately $266,000. Charles Schwab Investment Management Inc. increased its stake in shares of Curtiss-Wright by 6.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 251,874 shares of the aerospace company’s stock valued at $79,912,000 after buying an additional 14,684 shares during the period. ING Groep NV increased its stake in shares of Curtiss-Wright by 47.5% during the first quarter. ING Groep NV now owns 11,800 shares of the aerospace company’s stock valued at $3,744,000 after buying an additional 3,800 shares during the period. Blair William & Co. IL increased its stake in shares of Curtiss-Wright by 53.3% during the first quarter. Blair William & Co. IL now owns 130,787 shares of the aerospace company’s stock valued at $41,495,000 after buying an additional 45,457 shares during the period. Finally, Manchester Capital Management LLC increased its stake in shares of Curtiss-Wright by 19.7% during the first quarter. Manchester Capital Management LLC now owns 710 shares of the aerospace company’s stock valued at $225,000 after buying an additional 117 shares during the period. 82.71% of the stock is owned by hedge funds and other institutional investors.

Curtiss-Wright Trading Down 0.2%

NYSE CW opened at $472.68 on Monday. Curtiss-Wright Corporation has a 12 month low of $266.88 and a 12 month high of $517.09. The stock has a market cap of $17.81 billion, a P/E ratio of 39.89, a P/E/G ratio of 2.95 and a beta of 1.18. The stock’s fifty day moving average price is $478.09 and its 200-day moving average price is $391.06. 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 (NYSE:CW) last released its earnings results on Wednesday, August 6th. The aerospace company reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $3.13 by $0.10. Curtiss-Wright had a return on equity of 18.34% and a net margin of 13.66%. The firm had revenue of $876.58 million for the quarter, compared to analysts’ expectations of $855.10 million. During the same period in the prior year, the firm posted $2.67 earnings per share. The company’s quarterly revenue was up 11.7% on a year-over-year basis. As a group, equities analysts forecast that Curtiss-Wright Corporation will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 7th. Stockholders of record on Monday, June 16th were paid a $0.24 dividend. This is an increase from Curtiss-Wright’s previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Monday, June 16th. Curtiss-Wright’s payout ratio is currently 8.10%.

Insiders Place Their Bets

In related news, Director Bruce D. Hoechner sold 1,900 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $448.00, for a total transaction of $851,200.00. Following the sale, the director directly owned 4,523 shares of the company’s stock, valued at $2,026,304. This trade represents a 29.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP John C. Watts sold 450 shares of the stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $449.36, for a total value of $202,212.00. Following the sale, the vice president directly owned 4,959 shares in the company, valued at $2,228,376.24. This trade represents a 8.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CW shares. Truist Financial reduced their target price on Curtiss-Wright from $356.00 to $338.00 and set a “hold” rating on the stock in a research note on Friday, July 11th. Robert W. Baird upped their price target on Curtiss-Wright from $432.00 to $500.00 and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. Wall Street Zen cut Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 2nd. Morgan Stanley upped their price target on Curtiss-Wright from $405.00 to $550.00 and gave the stock an “overweight” rating in a research note on Thursday, July 17th. Finally, Stifel Nicolaus upped their price target on Curtiss-Wright from $450.00 to $457.00 and gave the stock a “hold” rating in a research note on Friday. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and a consensus target price of $468.14.

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.