Norden Group LLC Acquires 20,706 Shares of Curtiss-Wright Co. (NYSE:CW)

Norden Group LLC grew its holdings in shares of Curtiss-Wright Co. (NYSE:CW) by 1,032.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,712 shares of the aerospace company’s stock after purchasing an additional 20,706 shares during the quarter. Norden Group LLC owned about 0.06% of Curtiss-Wright worth $5,814,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Curtiss-Wright by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 3,638,915 shares of the aerospace company’s stock valued at $810,714,000 after purchasing an additional 46,954 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Curtiss-Wright by 0.4% in the third quarter. Ameriprise Financial Inc. now owns 712,704 shares of the aerospace company’s stock valued at $139,427,000 after acquiring an additional 2,784 shares in the last quarter. Norges Bank bought a new stake in Curtiss-Wright in the fourth quarter valued at $113,885,000. Global Alpha Capital Management Ltd. boosted its holdings in shares of Curtiss-Wright by 27.0% during the 4th quarter. Global Alpha Capital Management Ltd. now owns 249,033 shares of the aerospace company’s stock valued at $55,482,000 after buying an additional 52,880 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Curtiss-Wright by 18.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 247,225 shares of the aerospace company’s stock valued at $55,079,000 after buying an additional 38,986 shares in the last quarter. Institutional investors own 82.71% of the company’s stock.

Insider Buying and Selling at Curtiss-Wright

In other news, Director S Marce Fuller sold 5,300 shares of Curtiss-Wright stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $281.04, for a total value of $1,489,512.00. Following the sale, the director now directly owns 25,770 shares of the company’s stock, valued at $7,242,400.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Curtiss-Wright news, Director S Marce Fuller sold 5,300 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $281.04, for a total transaction of $1,489,512.00. Following the transaction, the director now owns 25,770 shares of the company’s stock, valued at $7,242,400.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Kevin Rayment sold 8,415 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $281.67, for a total value of $2,370,253.05. Following the transaction, the chief operating officer now directly owns 19,914 shares in the company, valued at approximately $5,609,176.38. The disclosure for this sale can be found here. 0.55% of the stock is owned by corporate insiders.

Curtiss-Wright Trading Up 0.2 %

Shares of NYSE:CW opened at $272.25 on Friday. Curtiss-Wright Co. has a 52-week low of $180.47 and a 52-week high of $286.65. The stock has a market cap of $10.43 billion, a price-to-earnings ratio of 28.04 and a beta of 1.18. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.40. The business has a 50-day moving average price of $273.59 and a 200-day moving average price of $248.69.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Wednesday, May 1st. The aerospace company reported $1.99 EPS for the quarter, beating the consensus estimate of $1.75 by $0.24. Curtiss-Wright had a return on equity of 16.79% and a net margin of 12.78%. The company had revenue of $713.17 million for the quarter, compared to analyst estimates of $664.01 million. During the same period last year, the company earned $1.53 earnings per share. Curtiss-Wright’s quarterly revenue was up 13.0% compared to the same quarter last year. Equities analysts predict that Curtiss-Wright Co. will post 10.27 EPS for the current year.

Curtiss-Wright Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, June 17th will be issued a $0.21 dividend. This is a positive change from Curtiss-Wright’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 0.31%. The ex-dividend date is Monday, June 17th. Curtiss-Wright’s dividend payout ratio (DPR) is presently 8.65%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CW shares. StockNews.com raised Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 5th. Morgan Stanley boosted their price objective on Curtiss-Wright from $284.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, May 23rd. Robert W. Baird boosted their price objective on Curtiss-Wright from $246.00 to $300.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Stifel Nicolaus upped their price target on Curtiss-Wright from $293.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, May 22nd. Finally, Truist Financial upped their price target on Curtiss-Wright from $252.00 to $270.00 and gave the stock a “hold” rating in a research note on Wednesday, May 22nd. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $302.50.

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.