Curtiss-Wright Corporation $CW Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its stake in shares of Curtiss-Wright Corporation (NYSE:CW) by 0.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 401,506 shares of the aerospace company’s stock after buying an additional 710 shares during the period. Bank of New York Mellon Corp’s holdings in Curtiss-Wright were worth $273,473,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Cary Street Partners Investment Advisory LLC purchased a new position in shares of Curtiss-Wright in the 4th quarter worth about $31,000. Larson Financial Group LLC lifted its stake in shares of Curtiss-Wright by 53.8% during the third quarter. Larson Financial Group LLC now owns 60 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 21 shares in the last quarter. Transamerica Financial Advisors LLC lifted its stake in shares of Curtiss-Wright by 25.9% during the fourth quarter. Transamerica Financial Advisors LLC now owns 73 shares of the aerospace company’s stock worth $40,000 after purchasing an additional 15 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Curtiss-Wright in the fourth quarter worth about $42,000. Finally, Elyxium Wealth LLC purchased a new stake in shares of Curtiss-Wright in the fourth quarter worth about $43,000. 82.71% of the stock is owned by hedge funds and other institutional investors.

Curtiss-Wright Trading Down 1.0%

NYSE CW opened at $708.83 on Friday. The company has a market capitalization of $26.18 billion, a price-to-earnings ratio of 51.93, a price-to-earnings-growth ratio of 3.28 and a beta of 0.86. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.52 and a quick ratio of 1.05. Curtiss-Wright Corporation has a 12 month low of $463.00 and a 12 month high of $808.16. The company’s fifty day moving average price is $746.21 and its two-hundred day moving average price is $700.32.

Curtiss-Wright (NYSE:CW) last issued its earnings results on Thursday, May 7th. The aerospace company reported $3.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.32 by $0.16. Curtiss-Wright had a net margin of 14.17% and a return on equity of 20.00%. The business had revenue of $913.69 million for the quarter, compared to analyst estimates of $863.83 million. During the same quarter in the prior year, the business posted $2.82 EPS. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. As a group, research analysts predict that Curtiss-Wright Corporation will post 15.23 earnings per share for the current fiscal year.

Curtiss-Wright Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Monday, June 15th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Monday, June 15th. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.62%.

Insiders Place Their Bets

In related news, EVP John C. Watts sold 220 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $752.91, for a total transaction of $165,640.20. Following the transaction, the executive vice president directly owned 3,962 shares in the company, valued at $2,983,029.42. This trade represents a 5.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Gary A. Ogilby sold 399 shares of Curtiss-Wright stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $721.95, for a total transaction of $288,058.05. Following the completion of the transaction, the vice president directly owned 2,172 shares of the company’s stock, valued at approximately $1,568,075.40. This represents a 15.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 3,119 shares of company stock valued at $2,257,998 in the last quarter. Insiders own 0.51% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Citigroup raised their target price on Curtiss-Wright from $775.00 to $793.00 and gave the company a “neutral” rating in a report on Wednesday, July 1st. Stifel Nicolaus set a $724.00 price objective on shares of Curtiss-Wright in a research report on Friday, May 8th. Morgan Stanley reiterated an “overweight” rating and set a $860.00 price objective on shares of Curtiss-Wright in a research note on Wednesday. Robert W. Baird set a $870.00 target price on shares of Curtiss-Wright in a research note on Friday, May 8th. Finally, Weiss Ratings downgraded shares of Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $766.33.

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.