Curtiss-Wright Co. (NYSE:CW) Shares Purchased by Bessemer Group Inc.

Bessemer Group Inc. boosted its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 7.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 70,349 shares of the aerospace company’s stock after buying an additional 4,584 shares during the quarter. Bessemer Group Inc. owned 0.18% of Curtiss-Wright worth $18,004,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC lifted its holdings in Curtiss-Wright by 1.7% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,685 shares of the aerospace company’s stock worth $687,000 after buying an additional 45 shares in the last quarter. Venturi Wealth Management LLC increased its position in shares of Curtiss-Wright by 53.6% in the 4th quarter. Venturi Wealth Management LLC now owns 149 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 52 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its position in shares of Curtiss-Wright by 2.5% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,176 shares of the aerospace company’s stock valued at $557,000 after purchasing an additional 53 shares during the last quarter. Alliance Wealth Advisors LLC UT increased its position in shares of Curtiss-Wright by 2.5% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 2,495 shares of the aerospace company’s stock valued at $556,000 after purchasing an additional 61 shares during the last quarter. Finally, Tectonic Advisors LLC increased its position in shares of Curtiss-Wright by 5.0% in the 4th quarter. Tectonic Advisors LLC now owns 1,477 shares of the aerospace company’s stock valued at $329,000 after purchasing an additional 71 shares during the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.

Curtiss-Wright Stock Performance

NYSE:CW traded up $2.53 during trading hours on Thursday, reaching $281.74. 20,237 shares of the company’s stock were exchanged, compared to its average volume of 202,118. The firm has a market capitalization of $10.79 billion, a price-to-earnings ratio of 28.74 and a beta of 1.18. The company has a 50-day moving average of $276.63 and a 200 day moving average of $254.65. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.40. Curtiss-Wright Co. has a 1-year low of $188.71 and a 1-year high of $288.44.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Wednesday, May 1st. The aerospace company reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.24. Curtiss-Wright had a net margin of 12.78% and a return on equity of 16.79%. The firm had revenue of $713.17 million during the quarter, compared to analysts’ expectations of $664.01 million. During the same quarter in the prior year, the business earned $1.53 EPS. Curtiss-Wright’s quarterly revenue was up 13.0% compared to the same quarter last year. Research analysts anticipate that Curtiss-Wright Co. will post 10.25 EPS for the current year.

Curtiss-Wright Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Monday, June 17th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.30%. The ex-dividend date was Monday, June 17th. This is a boost from Curtiss-Wright’s previous quarterly dividend of $0.20. Curtiss-Wright’s dividend payout ratio (DPR) is 8.65%.

Insider Transactions at Curtiss-Wright

In other news, COO Kevin Rayment sold 8,415 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $281.67, for a total value of $2,370,253.05. Following the completion of the sale, the chief operating officer now owns 19,914 shares in the company, valued at approximately $5,609,176.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, COO Kevin Rayment sold 8,415 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $281.67, for a total value of $2,370,253.05. Following the completion of the sale, the chief operating officer now owns 19,914 shares in the company, valued at $5,609,176.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director S Marce Fuller sold 5,300 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $281.04, for a total transaction of $1,489,512.00. Following the completion of the sale, the director now owns 25,770 shares of the company’s stock, valued at approximately $7,242,400.80. The disclosure for this sale can be found here. In the last quarter, insiders bought 120 shares of company stock worth $27,914. Company insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on CW shares. StockNews.com downgraded shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 18th. Stifel Nicolaus increased their target price on shares of Curtiss-Wright from $310.00 to $318.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Truist Financial increased their target price on shares of Curtiss-Wright from $252.00 to $270.00 and gave the company a “hold” rating in a research report on Wednesday, May 22nd. Robert W. Baird increased their target price on shares of Curtiss-Wright from $246.00 to $300.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. Finally, Morgan Stanley increased their target price on shares of Curtiss-Wright from $284.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, May 23rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $304.50.

Curtiss-Wright 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.